EURCHF: A Swing Buy Setup in the Current Uptrend
EURCHF has recently broken its wide ascending triangle pattern, making a new higher high. Therefore, this makes the uptrend still very valid and we are looking to enter buy positions after a pullback.
Our first buy entry zone, or the area of interest, is set in the previous resistance level of 1.0370. We will look for buy entries targeting the previous high from where the retracement has occurred.
We do not trade the retracement part, meaning not trying to predict the tops from where the retracement might occur. We only trade with the trend and if the retracement took place, then we will enter the trade. If not, we will look for opportunities in other financial products.
Trend of EURCHF is persistent and has a clear retracement pattern; therefore, there is a high probability for buy positions to hit the target if we can capture the pullback.
Check out our other pullback strategies below :)
Our first buy entry zone, or the area of interest, is set in the previous resistance level of 1.0370. We will look for buy entries targeting the previous high from where the retracement has occurred.
We do not trade the retracement part, meaning not trying to predict the tops from where the retracement might occur. We only trade with the trend and if the retracement took place, then we will enter the trade. If not, we will look for opportunities in other financial products.
Trend of EURCHF is persistent and has a clear retracement pattern; therefore, there is a high probability for buy positions to hit the target if we can capture the pullback.
Check out our other pullback strategies below :)
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