Get started
Euro / Swiss Franc
Long
Updated

EURCHF long position idea based on Moving Average and history

122
EURCHF
    The current trend shows bullish. Reach back to previous bar when the MA20 cross from bottom MA200 the bull is keep trying to push upward reaching previous high. I suggest to wait until the MA20 crosses the MA200 then open long position and set the SL around 250 tick. If the bar reach 1:1R point continue to next TP and use trailing stop following MA20.
    Note
    The MA20 crosses MA200 and a bullish bar has reached TP1 at 1.08160. It is a good idea to Close order or continue to next TP2 at 1.08412 and update SL to buy price.
    Note
    The bar now skyrocket from initial open long position and even surpass TP2. So probably now confirmed this moving average and history. Update trailing stop so the value at least at TP1. Even I surprised. 🔥
    anditakaesar
    Candlestick AnalysisEURCHFMoving AveragesTrend Analysis

    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.
    Candlestick AnalysisEURCHFMoving AveragesTrend Analysis
    anditakaesar

    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.