EURCHF - Sell Opportunity With Good Risk:Reward

FX:EURCHF   Euro / Swiss Franc
EURCHF is currently consolidating near a major resistance zone . I'm looking forward to entering into a short trade after some confirmation. This trade should give a decent R:R once it meets the sell criteria.

The confirmation I'm looking for is 4-hour candle close below the 20 and 50 EMA . If the candle closed below the current support near 1.10339, that'd be an even better signal.

As a side note, I've noticed some correlation between the USDCHF and EURCHF on lower timeframes. So, the EURCHF might drop with USDCHF after today's data. But so for, this is my theory, I haven't fact-checked the correlation yet.

Feel free to leave a like and your thoughts.
Comment: TP 1 reached
Trade closed: target reached: TP 2 reached


I have this overall TA on in from a MTA perpsective
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out