EURCHF is testing the support area for fifth time and the it seems hard to break down the support. so, in my idea there is good opportunity for get long position with a low amount of stop loss. You can check the Targets and Stop loss values on the chart !!
Best way to trade XAUSD is to buy in short term until the channel high and sell on long term straight to the channel midline and low. let’s take a look at my chart on 4h in uptrend and on weekly timeframe in photo below on downtrend.
EURUSD is stocked between 2 sides these days. there is 2 way to just collect the profits on this situation for trading EURUSD in my mind, the first one is to take long/short position by touching the high or low side of the shape or which is and low profit trading style and somehow a scalp trading .
But the second way which I prefer is to wait the price just...
As you can see the price levels are faced with a powerful support area which includes few factors.
support surface of price high and low moves before and the low limit of the parallel channel and also converted trendline support is just on this area on price action side.
SMA 200 ( Red line on chart ) as a powerful trend indicator proofs that there is a big...
The price is on absolutely on a critical support area, I will take a long position as soon as market opened tomorrow. also, I can wait to situation be clear on support area. my target is up limit of parallel channel if the candles couldn’t overcome the support. otherwise, I will just start my week by get a short position by breaking down the support area.