PRICE ACTING STRANGE DUE TO BOLLINGER SQUEEZE : LONG
Hello Traders ,
Price was trying to push higher retracing back towards resistance but came back sharply lower due to Bollinger Squeeze and minor channel upper band resistance ,
This is normal during consolidation and retracement after strong trend run as technical indicators don't give much space price to move freely ,
EURCHF is still in downtrend but retracement is not over till Minor ascending channel Holds,
Hence we recommend Buying on Dips ,
Please follow us for more ideas n updates..
Price was trying to push higher retracing back towards resistance but came back sharply lower due to Bollinger Squeeze and minor channel upper band resistance ,
This is normal during consolidation and retracement after strong trend run as technical indicators don't give much space price to move freely ,
EURCHF is still in downtrend but retracement is not over till Minor ascending channel Holds,
Hence we recommend Buying on Dips ,
Please follow us for more ideas n updates..
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.