Bias
EUR/CHF is hitting a important resistance level. The volume does not seem large enough to be able to support such an important move. A retracement should be due for the pair to move back to 1.18 region.
Trigger
RSI overbought, hitting as high as 80 a couple of days ago
Execution
Sell order at 1.2 to short near top.
TP1 ard 1.18 , near a previous high and 61.8% Fibo level
Counter
Expecting the price to go down soon. Idea may be invalid if the pair continue to linger between 1.195 to 1.199
EUR/CHF is hitting a important resistance level. The volume does not seem large enough to be able to support such an important move. A retracement should be due for the pair to move back to 1.18 region.
Trigger
RSI overbought, hitting as high as 80 a couple of days ago
Execution
Sell order at 1.2 to short near top.
TP1 ard 1.18 , near a previous high and 61.8% Fibo level
Counter
Expecting the price to go down soon. Idea may be invalid if the pair continue to linger between 1.195 to 1.199
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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.