Trade of The Week | Breakout & Retest Trading πŸ”₯πŸ”₯πŸ”₯

OANDA:EURCHF   Euro / Swiss Franc

Hey traders,

Recently we spotted a bearish breakout of key weekly structure support on EURCHF .
Its confirmed violation was a very strong bearish signal to us. EURCHF /u8fs15Ok-EURCHF-Important-Breakout-Bearish-Outlook/

Then we were looking for a retest of the broken level and the intraday confirmation on that to short.

Retesting the underlined structure, the price formed a descending triangle formation on hourly time frame.
The trigger to sell was a bearish breakout of its neckline to the downside.
I opened my position on a retest. EURCHF /u8fs15Ok-EURCHF-Important-Breakout-Bearish-Outlook/

65 pips of pure profit so far.

Did you catch this trade?

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Comment: Check my new analysis on NZDCAD: