EURCHF Trading Plan SELL - Riks Reward 1:3EURCHF Trading Plan SELL - Riks Reward 1:3
H4 Trend Bearish
Eurchfsignals
EURCHF (EURO / SWISS FRANC) - BUYYes there is buy opportunity in EURCHF.
EURCHF is in down trend and over bought situation. You can see it in stochastic indicator as well. This is gives us a one confirmation to go for buy option. And there is a strong support in 1.08369 and we can see that there is an inverted candle where end of the chart and that also in over sold area, and its on a real good support. so if you consider those all there is a buy opportunity in EURCHF.
Special note: We can call this trade as a countertrend trade, kind of a swing trading strategy. Coz trend will reverse from this place for certain period and keep continue the major trend. Trade at your own risk and this analysis not based on fundamentals.
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EURCHF Long SignalPattern: 4H Rectangle.
Signal: Bullish once the price tests the 1.13630 Support.
Target: 1.14400 (just below the first Resistance).
EURCHF Sell SignalPattern: Rectangle on 1W.
Signal: Bearish after the price was rejected on the 1W Resistance Zone.
Target: 1.12300 (just above the 1W Support Zone).
