TheSignalyst

EURCHF - Wait For It โฑ

FX:EURCHF   Euro / Swiss Franc
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

๐Ÿ“ˆ EURCHF has been overall bullish, trading within the flat wedge pattern in blue.

Currently, EURCHF is in a correction phase, approaching the lower bound of the wedge.

Moreover, it is retesting a strong demand zone $0.972.

๐Ÿน Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand zone and lower blue trendline.

๐Ÿ“š As per my trading style:
As #EURCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

๐Ÿ“š Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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