EURCHF - Bears Took Over, Now What For The Bulls!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis (attached on the chart), we were looking for sell setups as EURCHF has been sitting around the upper brown trendline.

As we trade lower, EURCHF would be approaching the lower trendline in brown.

Moreover, the blue zone is a strong support.

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support)

As per my trading style:
As EURCHF approaches the lower the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich