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WicktatorFX
Jul 7, 2022 8:43 PM

EURCHF - Channel Bounce! 🚀 

Euro Fx/Swiss FrancFXCM

Description

Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters.

There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel.

Trade Idea:
- Watch for break of the descending red trendline for confirmation
- Once entered, SL below the lows (below channel)
- Targets: 1.02 (300pips), 1.045 (580pips)

Goodluck and as always, trade safe!
Comments
Ifeanyichukwuxx
Good idea sir, I really love all your work
Divergencify
Sir any update?
EJYK
sir please what type of corrective wave is this ?. if I say it is double three , I might be wrong because double three consist of three wave A, B and C with each three sub-wave. am confused
RLinda
Great analysis. Keep it up)
JoeChampion
Excellent TA!
Neilsh
Looks like an excellent trade idea 👍👍
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