EURCHF - Trade Idea (Medium Term)
I've been long EURCHF for while, I have scaled out in my positions mostly but now the key pull back occurring is a very interesting area!
Technical Aspects:
Support: 1.09095, 1.08390, 1.07440, 1.06420
Resistance: 1.10295, 1.11490, 1.12685, 1.13605
Pattern: Smaller term, wedge. Longer term, channel.
200 EMA - Key resistance Zone
50 EMA - Key Support Zone
We are still bullish as long as we are still within this channel, if we go below 50 EMA bears will gain further control. Above 200 EMA area close we are going to next resistance are zones.
Have a great day ahead.
Trade Journal
(Just trade idea, not a recommendation)
I've been long EURCHF for while, I have scaled out in my positions mostly but now the key pull back occurring is a very interesting area!
Technical Aspects:
Support: 1.09095, 1.08390, 1.07440, 1.06420
Resistance: 1.10295, 1.11490, 1.12685, 1.13605
Pattern: Smaller term, wedge. Longer term, channel.
200 EMA - Key resistance Zone
50 EMA - Key Support Zone
We are still bullish as long as we are still within this channel, if we go below 50 EMA bears will gain further control. Above 200 EMA area close we are going to next resistance are zones.
Have a great day ahead.
Trade Journal
(Just trade idea, not a recommendation)