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anditakaesar

EURCHF long position idea based on Moving Average and history

Long
Euro / Swiss Franc (OANDA:EURCHF)  
anditakaesar Updated   
OANDA:EURCHF   Euro / Swiss Franc
Trend Analysis Candlestick Analysis Moving Averages EURCHF
4
2
trendanalysis candlestick movingaverage eurchf
EURCHF The current trend shows bullish. Reach back to previous bar when the MA20 cross from bottom MA200 the bull is keep trying to push upward reaching previous high. I suggest to wait until the MA20 crosses the MA200 then open long position and set the SL around 250 tick. If the bar reach 1:1R point continue to next TP and use trailing stop following MA20.
Comment:
The MA20 crosses MA200 and a bullish bar has reached TP1 at 1.08160. It is a good idea to Close order or continue to next TP2 at 1.08412 and update SL to buy price.
Comment:
The bar now skyrocket from initial open long position and even surpass TP2. So probably now confirmed this moving average and history. Update trailing stop so the value at least at TP1. Even I surprised. 🔥
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