EURCHF LONG
EURCHF is, and has been trading within a nice channel over the last month, and is continuing to range nicely.
With anticipation of continuing this trend, and also by taking the trade at this key pivot point on the channel's support, we expect the price to come down to the support and continue to bounce to the upside. This also allows us to look at risk management and set a tight stop-loss below the support of the channel in the event of a breakout to the downside. Our risk reward ratio will also be 2+ due to the take-profit being within the channel (near the top of the channel with a partial exit within the channel).
Follow for more.
With anticipation of continuing this trend, and also by taking the trade at this key pivot point on the channel's support, we expect the price to come down to the support and continue to bounce to the upside. This also allows us to look at risk management and set a tight stop-loss below the support of the channel in the event of a breakout to the downside. Our risk reward ratio will also be 2+ due to the take-profit being within the channel (near the top of the channel with a partial exit within the channel).
Follow for more.
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.
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.