TB305

SHORT AND LONG ON EUR/CHF

FOREXCOM:EURCHF   Euro / Franc Suisse
On the Weekly timeframe we have a perfect (EVENING STAR) candle pattern that has formed.

On the lower timeframes Daily or 4hr price is bouncing off of a small support zone and because of this price could go up a few pips.

I am looking to catch this pair going in either direction but my bias is (SELL) because of the evening start pattern.

Here are the plays I will be making on this pair:

PAIR = EUR/CHF
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03026
STOP LOSS = 1.03642 - 61 PIPS
TAKE PROFIT = 1.01441 - 158 PIPS

PAIR = EUR/CHF
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03881
STOP LOSS = 1.03243 - 63 PIPS
TAKE PROFIT = 1.04881 - 100 PIPS

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