EURCHF Short Setup With Room to Run
The trigger for a short entry would be a daily close (5 pm EST) below channel support. However, there is a trend line that extends from the October low that was just breached on a 4-hour closing basis.
From here any retest of the 1.1620/30 area as new resistance will likely encounter an influx of selling pressure. Key support comes in at the channel bottom near 1.1510/20. A daily close below that could serve as an opportunity to add to an existing short position.
If we don’t get a retest of the 4-hour trend line below, I will wait for a close below support near 1.1510/20. Either way, the objective is the August low at 1.1260.
Source: bit.ly/2zmMVKp
From here any retest of the 1.1620/30 area as new resistance will likely encounter an influx of selling pressure. Key support comes in at the channel bottom near 1.1510/20. A daily close below that could serve as an opportunity to add to an existing short position.
If we don’t get a retest of the 4-hour trend line below, I will wait for a close below support near 1.1510/20. Either way, the objective is the August low at 1.1260.
Source: bit.ly/2zmMVKp
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.