tacticalFX
Short

EURCHF (1D): EUR Event Play

FX:EURCHF   Euro / Swiss Franc
EURCHF
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Bearish candles formation
- Price rejected Resistance Trendline (since May 18)
- Horizontal Resistance Trendline (38% Fibo level) strong
- Price broke the Short Term Trendline (since Sept 18)
- Stochastic Overbought momentum
- Fundamentally, Italy supposed to provide EU with a revised budget this coming Tuesday but from the likes of it, unlikely there would be any revision. The continuation of this budget issue will only make Italy's budget deficit worse with the Italian bond yields spiking higher.

Suggested Trade:
Entry @ Area of Interest 1.1370 - 1.1430
SL: 1.1497
TP: 1.1191
RR: Approx. 2.00 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Comment: Lock in half profits and move SL to BE.

Run remaining position totally risk free.

Join Our Free Telegram Channel @ https://t.me/tacticalFX
and our Infozone channel @ https://t.me/tacticalFXinfo

Instagram: https://www.instagram.com/tactical.fx/
Twitter: https://twitter.com/tactical_fx
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out