EURCHF Long - 19 April 2017
Background:
- Bullish reversal candle after breaking below of 50MA support and horizontal support @ 1.068
- There is also bullish divergence formed
Entry:
- Buy stop with 20 pips above signal candle high @ 1.071
SL:
- Set at 23.6% fib level of the signal candle @ 1.6657
PT:
- Set near resistance area at previous swing high and 200MA resistance
- Bullish reversal candle after breaking below of 50MA support and horizontal support @ 1.068
- There is also bullish divergence formed
Entry:
- Buy stop with 20 pips above signal candle high @ 1.071
SL:
- Set at 23.6% fib level of the signal candle @ 1.6657
PT:
- Set near resistance area at previous swing high and 200MA resistance
Trade closed: target reached
Updates - 1 May 2017:- Trade PT on the 24 April's gap up @ 1.081
- Seems like it is on a bullsih frenzy with the gap but would on to further trade on EURO pair until finalisation of the french election on 7 May 2017.
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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.