EURCHF LONGHey everyone
Im looking for a Buy after we break the Daily/4H resistance and retest from it but also we have mulitple confirmation:
1) Daily bullish, 4h bullish
2) after we break above our daily support we went down to retest our 61.80% Fib level
3) break our counter trend line and retest it
4) we need to break above our Daily/4H resistance level and wait for an engulfing bullish 1h/30 and then will get in
Good luck!!
Eurchfsignal
EUR/CHF Bullish Reversal Setup – Support Zone Entry with 1:4 RisThe EMA 200 (blue) and EMA 30 (red) are displayed.
Price is below both EMAs, indicating a bearish trend overall.
However, there's a potential reversal or retracement trade being considered.
2. Trade Setup (Long Position):
Entry Point: 0.92750
Stop Loss: 0.92526 (about 22.4 pips below entry)
Target (Take Profit): 0.93643 (about 89.3 pips above entry)
Risk-Reward Ratio (RRR): Approx. 1:4, which is favorable
3. Support & Resistance:
The entry zone is based on a demand/support area where price previously bounced.
The target