tommyjones91
Short

EURCHF NEARING IMPORTANT LEVEL LIKELY SHORT.

FX:EURCHF   Euro Fx/Swiss Franc
EURCHF             HAS BEEN FOLLOWING A DESCENDING TREND LINE SINCE THE 6TH OF APRIL             WHICH IS NOW COMING TO A HEAD, SUPPORT HAS BEEN FOUND AT 1.0233 WITH MULTIPLE DOJI'S FORMING SHOWING GREAT INDECISION. IT COMES AS WE REACH THE 50% LEVEL OF THE JAN 15TH (SNB BOMBSHELL) TO 20TH FEB RECOVERY ATTEMPT. i WOULD EXPECT A BREAK BELOW TO HAPPEN AND AN OPPORTUNITY FOR A SHORT.
BUT WE WAIT FOR PRICE ACTION AND CONFIRMATION.
Exactely oposite happen. This level was used as a support for a fast bounce and impulsive move higher.
Reply
tommyjones91 PRO DanTheTraders
Yeah, exactly why we wait for confirmation, I actually entered a long after the descending trend line was decisively broken.
Happy Trading.
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out