IvanLabrie

$EURCHF: Bottomed here...

Long
FX:EURCHF   Euro / Swiss Franc
I think we have a decent trade with something between 3:1 and 5.28:1 RR here. I'm long here since the hourly is bottoming, and daily charts hit long term support, while being close to exhausting the last daily down trend signal that was active. Technically, this is a very strong mean reversion possibility and we have the backing of the Swiss National Bank which could stop the decline intervening in the market around here...
Best of luck,

Cheers.

Ivan.
Trade closed manually
Comment: This could build a bottom again, watching:

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