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Friday, June 11, 2021

EURCHF Massive Swing Long! Buy!

EURCHF Massive Swing Long! Buy!


EUR-CHF broke the local horizontal level and fell from there to the demand zone
Just as I predicted in my previous analysis
Now, the pair has reached a massive support cluster
Of the rising trend-line, falling channel support and the horizontal mega-level
Also, one might notice that the falling channel is also a bullish flag on the daily timeframe
On the lower timeframes, EUR-CHF is now trading in a local falling channel
And once the pair hits the support properly and we see a bullish breakout of the channel
That will be an ideal spot for us to go long
With the target being the broken horizontal resistance,
Also, a long from the current support might be an idea entry point for those
Who are expecting a breakout of the flag to the upside, so you might wanna hold the long for longer

from TradingView Ideas
via gqrds

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