Hello traders. On this 4H analysis of EURCHF, we have a double bottom setup. We can see that price was rejected once from the 1.03350 region, creating our First Bottom (1ST BTM) and we are now awaiting a second rejection to create our Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 1.03900 region. The 1.04600 region is seen as a good resistance level where price may go next.
Trade closed: target reached