EURCHF - Guess the floor is blowing off
Hi
I see a nice little short opportunity on EURCHF. My guess is that the support level we see here will be taken out shortly. The last breakout to the upside looks to me like stop hunting.
From a market structure point of view we are all over the place as well, setting up nicely for short.
Worth a punt with 1:2 RR.
Let me know what you think in the comments below. Good luck!
I see a nice little short opportunity on EURCHF. My guess is that the support level we see here will be taken out shortly. The last breakout to the upside looks to me like stop hunting.
From a market structure point of view we are all over the place as well, setting up nicely for short.
Worth a punt with 1:2 RR.
Let me know what you think in the comments below. Good luck!
Trade closed manually:
I am closing this trade as the momentum has died down too much for my taste. Tiny profit - better than a loss I guess.