Dear Friends See the EURCHF Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel to get the Instant Notification of Every New Analysis.
Reason for long
a) HSP breakout pull back set up
b) Super vwap set up
c) pin bar indicating the bullishness still intact
d) Good risk reward zone
e) SL compulsory
FX:EURCHF -- Stage of exaustion now EURCHF as Swept all lower Buyer Failed break higher Highs. Lets See Market in Action . above formed M pattern multiple Support and resitance In higher Time Frame.
As It can be seen on the chart, my favorite setup is creating. Strong daily support involved H4 demand zone that is confluence with H1 support nested. thus I expect it cause the very decent opportunity for long entry with propriate R:R.
Price arrived to daily strong resistance level and at H1 time frame break the upward trend line and it create a new supply zone, when price pullback to this supply we have the propriate short opportunity.
