EUR/CHF Breakout Play
Prices all below the EMAs and the pattern has broken successfully. Took a short position.
You can took a look at EURUSD breakout play to see how I set the stops and calculate take profit.
My take profit would be at 1.032785. I highly suggest setting the take profit before the weekly pivot as stochastics are pretty oversold and the RR isn't worth pursuing. Just TP and then get out
You can took a look at EURUSD breakout play to see how I set the stops and calculate take profit.
My take profit would be at 1.032785. I highly suggest setting the take profit before the weekly pivot as stochastics are pretty oversold and the RR isn't worth pursuing. Just TP and then get out
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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.