EURCHF | Short D1 | Market Exec | Building Momentum for Risk Off

FX:EURCHF   Euro / Swiss Franc
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to multiple Supply zones
- Price action is close to multiple Resistance Trendlines as well
- Targeting the 50% Fibo retracement for this trade

Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.

Suggested Trade:
Entry @ Area of Interest 0.9830 - 0.9870
SL @ 0.9942
TP 1 @ 0.9720 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.9598
Risk-to-Reward @ Approx. 2.59 (Depending on Entry Level)


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TP 1 achieved. Take profit on half the position and move the existing SL levels to Breakeven.

Enjoy the remaining trade risk-free. :D
Trade closed: target reached:
TP 2 achieved.

Looking forward to the next trade. :D

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