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EUR/CHF Potential Upward Movement

EUR/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9870, 0.9933, 0.9978

Key Support Levels: 0.9790, 0.9743, 0.9708

Daily Chart:

The price on the higher time frame was in a downtrend and recently it reversed direction after finding support at the 0.9559 level. It made a few rejection wicks and bounced back. The pair has also broken a minor level of 0.9795 which shows a bullish trend.

EUR/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price broke a consolidation zone of 0.9660 and 0.9708 after trading in that range for some time. It has now also broken and retested a minor level of 0.9790 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9822

TP 1 @ 0.9865

TP 2 @ 0.9930

Stop Loss @ 0.9779

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

2 comments

  1. Hi dose your bot work straight out of the box?

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