EURCHF BUY TRADE IDEA
EURCHF
Daily structure we have been bullish. Current market structure shows us currently around a possible Higher low.
4H downtrending but have finally show bullish momentum by closing above previous high. Looking to enter trade at a higher low by looking at lower timeframes for entry.
1H we have closed above previous high and created a new trading range. Fibonacci is placed from low to new high and anticipating a retracement in the snipe zone 78.6% - 88.6%.
Entry is at the last bearish candle on 5m timeframe within the snipe zone.
If price continues to go above high before hitting entry, will update trade for next possible entry!
Daily structure we have been bullish. Current market structure shows us currently around a possible Higher low.
4H downtrending but have finally show bullish momentum by closing above previous high. Looking to enter trade at a higher low by looking at lower timeframes for entry.
1H we have closed above previous high and created a new trading range. Fibonacci is placed from low to new high and anticipating a retracement in the snipe zone 78.6% - 88.6%.
Entry is at the last bearish candle on 5m timeframe within the snipe zone.
If price continues to go above high before hitting entry, will update trade for next possible entry!
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