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

EUR/CHF

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
s0nic



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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.