EURCHF Breakout: Potential 100-200 Pip Move Using Ichimoku CloudIn this video, I'll be analyzing the EURCHF pair, where we are seeing an increase in short sellers and a drop in long positions. If this trend continues with the price staying above the Ichimoku cloud, it could squeeze the double top neckline into a breakout above the neckline.
I’ll explain my analysis and how the current market conditions indicate a potential 100 to 200 pip move in the near future. We'll also discuss the importance of setting a 25 pip stop loss to manage risk effectively.
Join me as I break down the specifics of this potential trade, demonstrating how to leverage Ichimoku cloud analysis for identifying profitable trading opportunities. Don't forget to like, comment, and subscribe for more insights and updates on effective trading strategies.
