EURCHF 230pip LONG!

Hello Traders,

Here we have a EURCHF long trade idea. If you like this idea please show your support!

This trade idea is based off the fact that the Euro (EUR) is reaching a monthly low since July 2020. We are expecting some strength as this is approaching a trendline & structure level at the lower end of the channel so we are expecting a reversal soon.
However the Swiss Franc (CHF) is also at a weekly high and we are seeing resistance beginning to appear which will push EURCHF higher once we have secured our entery.

Please trade with caution and make sure you set your stop losses! Happy Trading 😁

Be sure to check out my other ideas below!