Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
EURCHF Just got really close to the support area again for which it had a lot of trouble breaking it recently. This gives us a beautiful scalp opportunity on the lower timeframes. It's best to wait until the price drops a bit lower into the area of support, and place a tight stop loss directly below the support area. We aim for a price retracement back to the resistance area.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!