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xftrading
Apr 13, 2020 7:54 PM

EURCHF Short

EUR/CHFOANDA

Description

Awaiting entry on our new setup on EURCHF. The trade layout is as followed;

Entry level has been positioned at 1.05853 a significant resistance zone close knitted with our 61.8% extension level, both zones combined give us a solid entry point for EURCHF to continue it's trend down to our trend based fib level of 0.5% alongside our retracement range of 0.61%, again this is a solid exit level and we make go long once short is over.

Potential Profits:

£1 a pip = £60 profit
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