First off I'm more of a swing trader rather than a scalp trader. It's much easier for me to spot reversals, and I'm a very patient trader, as such swing trading is my favorite game. Okay, so let's get on with it.
On the daily we can see the price broke out of of a , and price has tested the top of the , which was previous resistance, now as current support. Add to that , cross, as well as a 3 soldier daily candle formation.
Then on the weekly the weekly just made a cross above the 30, and we can see the converging and prepping for a cross. So I took a fib measurement from the top, which was at the first quarter of 2018, to the bottom (I hope it's the bottom...lol) and am aiming for the halfway point at the 50% fib. And I have place my stop below the low and have entered on the which is about to close for the week.
Let's see how this goes, but the confluence and technicals look really good. I'll be holding this till the end of the year.
#EUR/CHF Take-Profit target 1️⃣✅
Profit: 9% 📈
Closed 20% of this position and moved stop to entry.