tmpascoe

Daily trend reversal for EURCHF

Long
tmpascoe Updated   
FOREXCOM:EURCHF   Euro / Swiss Franc
Solid downtrend has ended with a bullish engulfer at a level of support indicating the potential for a trend reversal.
Go long on break of the bullish engulfer.
Sell 1/2 at TP1 - first level of resistance
Move stop to entry level
Sell remainder at TP2 - second resistance level
Cancel trade if it hasn't triggered before tomorrow's candle
Good luck
Comment:
close if trade not triggered by tomorrow's candle

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