📈 **EUR/CHF Trading Analysis** 📉
🔍 **Market Overview:**
📉 **Trend:** Downward
🔵 **Key Support:** 0.9530
📊 **Current Situation:**
📈 **Price:** 0.9595
📏 **Fibonacci Levels:** 0.382 and 0.5
📉 **Trade Setup:**
📉 **Short Entry:** 0.9588
🛡️ **Stop Loss:** 0.9638
🎯 **Take Profit:** 0.9538
📈 **Analysis:**
EUR/CHF is currently in a downtrend, with a significant support level at 0.9530. The current price is at 0.9595, positioned between the key Fibonacci retracement levels of 0.382 and 0.5.
📊 **Trade Strategy:**
With the above analysis in mind, I've taken a short position at 0.9588 with a protective stop loss at 0.9638. My target for this trade is set at 0.9538.
📉 **Trading Reminder:** Always exercise caution, use proper risk management, and make informed decisions when trading. Happy trading, and may the pips be ever in your favor! 🚀📈📉
#ForexTrading #EURCHFAnalysis #FibonacciLevels #RiskManagement #TradeSmart 📊📈📉💼💹
🔍 **Market Overview:**
📉 **Trend:** Downward
🔵 **Key Support:** 0.9530
📊 **Current Situation:**
📈 **Price:** 0.9595
📏 **Fibonacci Levels:** 0.382 and 0.5
📉 **Trade Setup:**
📉 **Short Entry:** 0.9588
🛡️ **Stop Loss:** 0.9638
🎯 **Take Profit:** 0.9538
📈 **Analysis:**
EUR/CHF is currently in a downtrend, with a significant support level at 0.9530. The current price is at 0.9595, positioned between the key Fibonacci retracement levels of 0.382 and 0.5.
📊 **Trade Strategy:**
With the above analysis in mind, I've taken a short position at 0.9588 with a protective stop loss at 0.9638. My target for this trade is set at 0.9538.
📉 **Trading Reminder:** Always exercise caution, use proper risk management, and make informed decisions when trading. Happy trading, and may the pips be ever in your favor! 🚀📈📉
#ForexTrading #EURCHFAnalysis #FibonacciLevels #RiskManagement #TradeSmart 📊📈📉💼💹
Trade closed: target reached:
closed in 40 pips profits, market was too volatile after USD News.