EURCHF - Trend-Following Setup ⬇️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

EURCHF is has been overall bearish trading inside the falling brown channel, and it is currently sitting around the upper brown trendline. So we will be looking for sell setups.

Moreover, the green zone is a strong resistance and round number 1.0.

🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper brown trendline. (acting as non-horizontal resistance)

As per my trading style:
As EURCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich