Eur/Chf Long Bias
After an overextended run since mid-December lasting just over 2months, I am now looking at a potential pullback/new run for this pair. We now
have a monthly inverted hammer close at a key monthly level, as well as the weekly chart showing deceleration at a weekly level. The daily timeframe is producing macd divergence with multiple candle deceleration. My first take profit is the 20ema which I closed 2% on a cbo entry last week. Then coronavirus sent the pair on a fit and hit the lows again luckily I was not in this trade at that point. Due to the new trend not being confirmed we take profit as a (pullback trade to the 20ema). Once price breaks out past the 50ema I will be looking for a higher low to be printed. Then potential entries will produce to continue this analysis.
have a monthly inverted hammer close at a key monthly level, as well as the weekly chart showing deceleration at a weekly level. The daily timeframe is producing macd divergence with multiple candle deceleration. My first take profit is the 20ema which I closed 2% on a cbo entry last week. Then coronavirus sent the pair on a fit and hit the lows again luckily I was not in this trade at that point. Due to the new trend not being confirmed we take profit as a (pullback trade to the 20ema). Once price breaks out past the 50ema I will be looking for a higher low to be printed. Then potential entries will produce to continue this analysis.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.