EURCHF bouncing on the support?
EURCHF is testing for the third time a support that already proved to work in the past even as a resistance.
Since we can play this trade with a great risk to reward ratio, placing the stop loss right below the support and the take profit around the green area, I suggest to sacrifice a portion of your potential profit and choose an entry that is higher than the current price, waiting for a bullish candlestick pattern that confirms that buyers are reaction on that support.
Since we can play this trade with a great risk to reward ratio, placing the stop loss right below the support and the take profit around the green area, I suggest to sacrifice a portion of your potential profit and choose an entry that is higher than the current price, waiting for a bullish candlestick pattern that confirms that buyers are reaction on that support.
Trade active
Trade active
Seems like we have a battle between buyers and sellers around the support. I will wait for the breakout of the small box to open a long position. With a breakdown, we will cancel the trade.
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