ThePip_Machine

EUR/CHF LONG OPPORTUNITY

Long
FX:EURCHF   Euro / Swiss Franc
AS YOU CAN SEE THE MARKET WAS IN A LONG DOWN TREND AND FORMED A POWERFULL CHART PATTERN KNOWN AS THE FALLING WEDGE WHICH IS GENERALLY CONSIDERED A REVERSAL CHART PATTERN. MOREOVER I DRAW A BULLISH TREND LINE AND THE CANDLE STICK HAS BOUNCED THE THIRD TIME ON THIS TREND LINE WHICH IS ALSO A BULLISH SIGN. MOREOVER, THE CANDLE HAS BOUNCED OVER THE 50 MA. JUST WAIT TILL THE CANDLE STICK BREAKS THE CURRENT RESISTANCE AND BUY AFTER CONSOLIDATION. YOU CAN BUY NOW BUT A LITTLE MORE CONFIRMATION IS GREAT. CAN USE 3 RISK REWARD RATION.
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