EURCHF is trading inside a Channel Down after getting rejected on January's Falling Resistance.
As long as the Channel Down is intact, the trend is bearish. If broken to the upside, it's bullish.
They key to it however seems to be the RSI.
Trading Plan:
1. Sell as long as the RSI (1d) remains under its MA line.
2. Buy if it crosses over it.
Targets:
1. 0.97500 (near Support 1)
2. 0.99500 (near Falling Resistance).
Tips:
1. The RSI (1d) has always given a buy signal when it crossed above its MA ever since the Falling Resistance started.
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As long as the Channel Down is intact, the trend is bearish. If broken to the upside, it's bullish.
They key to it however seems to be the RSI.
Trading Plan:
1. Sell as long as the RSI (1d) remains under its MA line.
2. Buy if it crosses over it.
Targets:
1. 0.97500 (near Support 1)
2. 0.99500 (near Falling Resistance).
Tips:
1. The RSI (1d) has always given a buy signal when it crossed above its MA ever since the Falling Resistance started.
Please like, follow and comment!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.