VasilyPonomarev
Long

euro swiss finally found a bottom?

FX:EURCHF   Euro / Swiss Franc

hey guys,

euro swiss is very bearish during the last two weeks.

now the market is very close to break a significant support level and continue downwards.

however,
on a lower timeframe, we see clear signs of bears exhaustion,
so it is reasonable to anticipate a pullback before another rally.

on 1 h chart, I am focused on a trading range between 1.16 - 1.20.

I will be looking for buying bullish violation of this trading range with targets based on structure.

good luck!
Comment: retest of the bottom support
Comment: one more attempt to break the resistance
Trade active
Comment: market is going up
Comment: hit the initial target
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Thank you for sharing. I am looking for the same setup too.
Reply
@KlejdiCuni, hey!!! great, yes you are right we have also divergence here + breakout of a falling channel
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