EURCHF: Broke support and this area should now act as resistance

16 Eki 2020

EURCHF has broken the support zone. This support zone will show in a test whether it offers sufficient resistance to push the price lower. The best chance is to go with the trend and look for a possible sell option. In my opinion, the best option for this sell is in the orange area between 1.0735 and 1.0746.

* As a stop loss I use 1x ATR (indicator) above 1.07469.

The information is not an Financial Advice and I would recommend you not to rely blindly on my analysis. Always make your own analysis on which a buy or sell decision is based.

21 Eki 2020

İşlem aktif

active @1.0789
sl @1.07605

26 Eki 2020

İşlem elle kapatılmış

Due to the lack of an impulsive move down I just closed this position.

26 Eki 2020

Not

I now see that I have passed the wrong price as a trade active. This was 1.0729 instead of 1.0789.

Conclusion is that this trade has been written off with a marginal profit.