TheSignalyst

EURCHF - Purple War Zone!

FX:EURCHF   Euro /Franc Thụy Sỹ
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EURCHF is overall bearish trading inside the brown channel.

As per my trading style/plan;
Here are the two strong zones where I will be looking for high probability buy setups:
I call them War Zones, (highlighted in Purple circles)

Zone 1: (around 1.025)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and the red trendline. (acting as non-horizontal resistance)

Zone 2: (around 1.0)

This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support)

As per my trading style:
As EURCHF approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Trading Made Simple; and Rule-Based
www.RichTL.com

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