EUR/CHF (Wait for the right timing to strike)

FX:EURCHF   Euro / Swiss Franc

We had a very good profit in EURCHF sell recently and they are already Tp as the hit strong support level .

Please take note that 1.139 region and 1.152 regions are strong S/R.

I expect it "may" swing up a little higher first, to inflict pain to the late short traders. So, DO NOT add short without thinking the potential drawdown.

And overall, the trend is STILL DOWN.

DYODD and Trade Safe

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Comment: 1.165 is turn out to be a nice resistant.

DO NOT rush into SHORT yet, but start looking for it.

We shall/may see SELL DOWN unfold soon.
Hi SonicDeejay, are you still following the idea? Thank you very much for any update/reply
Dear sir,
Thank you for analysis
also i took good profits with this pair..
can i ask if you have any thoughts on eur jpy..
not sure whether to carry on holding this short
with all the news coming out,i am pretty new to trading.
SonicDeejay trianglejay
@trianglejay, Watch June 10 period, there will be a big move in CHF.
already at the R of 1.152?
@rama09, Yes,, But ur SL should be above 1.165 to play safe.
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