Lanmar
Long

Euro going higher against Franc

FX:EURCHF   Euro / Swiss Franc
108 8 4
R/R looks good here
Here's my chart: https://dl.dropboxusercontent.com/u/98363503/Chart%20-%20EURCHF%20%20%28D1-1%29.png
I'm expecting a reversal at that purple horizontal line (around 1.110). It's a powerful triple confluence zone: channel high, geometric target line (purple diagonal), and major resistance (horizontal purple). If the market reaches your target of 1.1260 then I see two clear possibilities: #1 it rallies through that level on a high volume bar and reaches your target or #2 it has a large correction from the resistance levels outlined. I think the #2 is more likely. Cheers.
+1 Reply
Lanmar kosai19
Nice. I see what you're saying. My logic for my target:
+1 Reply
Thank you... another excellent chart (makes it very clear).
+1 Reply
Looks like it reversed from about where I expected it. I'm still looking for lower prices. It should either keep falling or it may have a correction higher before another leg down. After that it should reach your targets.
Reply
Lanmar kosai19
Yes, noticed that. Great work Kosai
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Thank you =)
Reply
Nice trade, Im already in:

Reply
Lanmar Piet.Hein
Yes, looks pretty good. May move my entry. Cheers
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