Trade Idea - EURCHF

10 thg 6, 2020

H&S forming in the 1H and 4H.

I have my sell stop set in case we break the neckline. I'm playing this tight, as usual, 0.5% max risk with 25 pips.
EUR can't ride the QE wave for too longer... CHF should start to get some valuation now that Europe is now back in bizz.
H&S's head banged the upper limit of the yearly channel.
The easiest path from here, is down.

On top of this, we can see that hedgefunds are loading CHF longs which in itself implies EURCHF to go down.

Trade what you see 👀