Bullish Setup - Buy the Retest
Hi friends, I am bullish on EUR/CHF as it managed to break through the resistance around 1.088 as well as the long term down trending line which you can well draw in the longer time frames. The price then rallied towards the next resistance around 1.105 before getting rejected with high volume.
From here I expect the price to pullback to retest the broken resistance around 1.088 (now turning into support) or the down trending line. We can open buy position on the retest with potential targets at the resistance zones identified in the chart.
Please share your thoughts about this currency pair. Thank you for the support and good luck with your trading!
From here I expect the price to pullback to retest the broken resistance around 1.088 (now turning into support) or the down trending line. We can open buy position on the retest with potential targets at the resistance zones identified in the chart.
Please share your thoughts about this currency pair. Thank you for the support and good luck with your trading!
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