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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.09296).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Downtrend in the daily timeframe. Going down to the lower timeframe market has shifted from a bullish to a bearish market after a small sideways.
comment down below if you want me to make an analysis video and to know why we shited from a buy-side to sell-side.
The market has provided a nice impulse move towards the upside and came down for a retracement at a 50% of fib retracement on a weekly time frame. Going down to the lower time frame the market has shifted from a 4 hr bearish market to a bullish market. So we took this trade with a good 1:2 risk to reward
