Been trading eur/chf for weeks now - so clean!
It's been a great trade when it comes to momentum and clear direction. Lot more momentum compared to other currencies we are in a pennant/triangle pattern - Upside breach of this pair could hit the next resistance area. If it breaks down, we could target 61.8 area which would be understandable for deeper pull back. Keep an eye as EU Summit outcome and add higher time frames for confluence. Could take time and create a bull flag as well. Patience is key!
Key tip: wait for the break out and target the pull back to take the momentum trade of which ever direction it breaks to.
Remember: Just a trade idea, not recommendation.
Have a great day trading ahead.
It's been a great trade when it comes to momentum and clear direction. Lot more momentum compared to other currencies we are in a pennant/triangle pattern - Upside breach of this pair could hit the next resistance area. If it breaks down, we could target 61.8 area which would be understandable for deeper pull back. Keep an eye as EU Summit outcome and add higher time frames for confluence. Could take time and create a bull flag as well. Patience is key!
Key tip: wait for the break out and target the pull back to take the momentum trade of which ever direction it breaks to.
Remember: Just a trade idea, not recommendation.
Have a great day trading ahead.