EURCHF - 4H CHART ANALYSIS ( POTENTIAL BUY )
Hi guys,
Please see my EURCHF analysis attached in the 4H timeframe.
As we can see on the chart the pair is trading within a falling channel and the price has come down the bottom of the channel hitting support and having a slight bullish push upwards.
If we look at the RSI in line with the price movement of the pair we can see that as the pair hit support it has also reacted off the RSI oversold line and come up accordingly.
We can also see there has been a cross on the stochastic which could also indicated a shift in trend to the upside.
For this I will be waiting for another bullish candle and then looking at entry, I will be placing my stop loss and take profits as followed below:
-SL: 1.08942
-TP1: 1.09350
-TP2: 1.09362
Happy trading!
DWFX
Please see my EURCHF analysis attached in the 4H timeframe.
As we can see on the chart the pair is trading within a falling channel and the price has come down the bottom of the channel hitting support and having a slight bullish push upwards.
If we look at the RSI in line with the price movement of the pair we can see that as the pair hit support it has also reacted off the RSI oversold line and come up accordingly.
We can also see there has been a cross on the stochastic which could also indicated a shift in trend to the upside.
For this I will be waiting for another bullish candle and then looking at entry, I will be placing my stop loss and take profits as followed below:
-SL: 1.08942
-TP1: 1.09350
-TP2: 1.09362
Happy trading!
DWFX
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