EURCHF has been bearish over time but it now looks like the bulls are returning with a break & retest of an area of value on the chart.
RSI is clearly above the 50 level and the formation of a hammer at the support area is indicative of a bullish reversal. I have used a BUY STOP order to time entry such that the trade will be invalidated if price could not break a key area around the 0.9798 level.
Signal Call: BUY STOP EURCHF (0.9798), SL: 0.9719, TP1: 0.9871, TP2: 0.9961. Pls apply proper risk management!
Happy trading
RSI is clearly above the 50 level and the formation of a hammer at the support area is indicative of a bullish reversal. I have used a BUY STOP order to time entry such that the trade will be invalidated if price could not break a key area around the 0.9798 level.
Signal Call: BUY STOP EURCHF (0.9798), SL: 0.9719, TP1: 0.9871, TP2: 0.9961. Pls apply proper risk management!
Happy trading
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