Awaiting entry on our new setup on EURCHF. The trade layout is as followed;
Entry level has been positioned at 1.05853 a significant resistance zone close knitted with our 61.8% extension level, both zones combined give us a solid entry point for EURCHF to continue it's trend down to our trend based fib level of 0.5% alongside our retracement range of 0.61%, again this is a solid exit level and we make go long once short is over.
Potential Profits:
£1 a pip = £60 profit
Entry level has been positioned at 1.05853 a significant resistance zone close knitted with our 61.8% extension level, both zones combined give us a solid entry point for EURCHF to continue it's trend down to our trend based fib level of 0.5% alongside our retracement range of 0.61%, again this is a solid exit level and we make go long once short is over.
Potential Profits:
£1 a pip = £60 profit