EUR/CHF Technical Analysis (4H Chart)
Breakout and Surge to Target Area
EUR/CHF witnessed a strong bullish breakout, reaching the Target Area (0.9645) after surpassing the Point of Interest (POI) at 0.9514-0.9530.
Retest of Key Support Zone
The price is currently pulling back to retest the POI, which now serves as a support level. Holding above this zone could indicate a continuation of the uptrend.
Potential Scenario
- Bullish Case: A successful bounce from 0.9514-0.9530 could lead to another rally toward recent highs.
- Invalidate Case: A breakdown below 0.9514 might trigger further downside.
Trading Outlook
Traders should monitor price action at the POI for confirmation of the next move.
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Breakout and Surge to Target Area
EUR/CHF witnessed a strong bullish breakout, reaching the Target Area (0.9645) after surpassing the Point of Interest (POI) at 0.9514-0.9530.
Retest of Key Support Zone
The price is currently pulling back to retest the POI, which now serves as a support level. Holding above this zone could indicate a continuation of the uptrend.
Potential Scenario
- Bullish Case: A successful bounce from 0.9514-0.9530 could lead to another rally toward recent highs.
- Invalidate Case: A breakdown below 0.9514 might trigger further downside.
Trading Outlook
Traders should monitor price action at the POI for confirmation of the next move.
If you enjoy, press the like button.
Trade active
Note
Congratulations guys, trade running 70 pips+ profits.Note
price start flying towards target area, just hold your trades.Trade closed: target reached
1:3 COMPLETED TARGET.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.