LONH EURCHF

11 Tem 2022

As can be seen in the EURCHF chart, the price has reached the bottom of the channel. The bottom of the channel also coincides with the 100% level of the Fibonacci projection of the previous move. Also, the trend line tr1 at this point warns of a price reversal. Therefore, this level can be considered as a good LONG opportunity and the stop loss can be placed on the other side of the bottom of the channel.