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Eurchflongsetup

EUR/CHF BEAUTIFUL MONTLY SITUATION This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a correction to the neckline. 3.Also price is over extended When price is over extended we can expect a correction. With this 3 confluences we get to the conclusion that the price is ready to make a retracement to the M pattern neckline Be advised This educational analysis is for price direction only, for entries you have to use your own strategy in lower time frames to minimize risk. If you have any question please be free to ask me. THANK YOU FOR YOUR SUPPORT
Long
by Wiiso
EUR/CHF Technical Analysis.Currently, EUR/CHF is trading at 1.0754. The pair started a new up trend after breaking the resistance level at 1.0642. Previously, the pair was trading in down trend by making lower low higher high pattern in the resistance and support wedges. As the pair has already started a new up trend by breaking the resistance level, so its first target price was at 1.0719 and second target price was at 1.07663. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
EUR/CHF Technical Analysis.Currently, EUR/CHF is trading at 1.0685. The pair started a new up trend after breaking the resistance level at 1.0647. Previously, the pair was trading in down trend for a long time in the descending resistance and support wedges. As the pair has already started a new up trend after breaking the resistance level, its first target price is at 1.0729 and second target price will be at 1.0779. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5