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StephenAdeniken
Feb 16, 2023 7:45 AM

EURCHF Buy Long

Euro Fx/Swiss FrancFXCM

Description

Price on EURCHF is trending down and hit a major support zone. There is a good probability price will reject off this support zone and pull up. I am a trend trader and the break of structure I labelled indicates the end of the trend and a chance of a reversal. To trade this reversal I need price to pull back and it has. Now I place a buy trade anticipating the market to reverse off the support because the downtrend might have ended. I have a really good risk to reward ratio. Now I remain patient and pray the price trends up.
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