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Stargazer_fx
Mar 23, 2020 10:50 AM

EURCHF | Price in a falling Wedge,BUY on the 3rd Touch... Long

Euro Fx/Swiss FrancFXCM

Description

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EURCHF
The price is forming a potential falling wedge I will open BUY on the 3rd touch of the trendline if price gives any bullish signal..
In case,If price don't give any bullish signal then don't open trade and wait for another opportunity...


For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to BUY..
Trade it with proper Sl..
Take entry only after price gives bullish signals..

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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Comments
Stargazer_fx
Write in Comments your Thoughts about the Analysis//
Trading-Guru
@Stargazer_fx, I should have looked at your analysis too before I made my idea... this is very interesting, because I have the exact opposite wedge on my drawing!! But I made it on a shorter timeframe:



What do you think about the difference?
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