EUR/CHF is showing strong bullish potential on the 4H timeframe, having just broken out of a bullish flag formation after a clean bounce from a weekly support zone.
🔹 Technical Highlights:
The pair formed a downward-sloping consolidation channel (flag) following a sharp impulsive move upward – classic bullish flag behavior.
Price broke above flag resistance with increased buying volume, confirming bullish continuation.
Weekly support at ~0.9260–0.9280 acted as a strong base for reversal.
RSI is trending up and has broken above the 50 midline, showing renewed bullish momentum.
🎯 Trade Plan Summary:
Entry: Upon breakout above flag resistance (~0.9370)
Stop-loss: Below flag low and structure (~0.9280)
Take-profit 1: 0.9450
Take-profit 2: 0.9580 (target based on flagpole projection)
🟢 Outlook: Breakout suggests further upside continuation, possibly aiming to test higher trendline resistance.
🔹 Technical Highlights:
The pair formed a downward-sloping consolidation channel (flag) following a sharp impulsive move upward – classic bullish flag behavior.
Price broke above flag resistance with increased buying volume, confirming bullish continuation.
Weekly support at ~0.9260–0.9280 acted as a strong base for reversal.
RSI is trending up and has broken above the 50 midline, showing renewed bullish momentum.
🎯 Trade Plan Summary:
Entry: Upon breakout above flag resistance (~0.9370)
Stop-loss: Below flag low and structure (~0.9280)
Take-profit 1: 0.9450
Take-profit 2: 0.9580 (target based on flagpole projection)
🟢 Outlook: Breakout suggests further upside continuation, possibly aiming to test higher trendline resistance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.