DLavrov

EURCHF: Pullback from Resistance Zone

Singkat
FX:EURCHF   Euro / Franc Swiss
You can read about the sell opportunity from this market in the post, which is in the related ideas.

Again, I would like to explain why I decided to sell and placed pending orders using the 1H chart.
After the strong bullish candles, the market gave us several candles with small bodies and long shadows. It tells us that the upward movement is slowing down, and the market can reverse soon. If so, we should search for trend reversal signals using lower timeframes.

Also, it is very important that the price reached the resistance zone between 1.10000 and 1.10200 levels. This zone can stop the upward movement, and we will be able to get a pullback at least.
In order to get a confirmation that the market is going to move lower, the price will have to break the 1.09800 support and the low price of the previous candle.

💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD

📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit

💎 Share My BEST Trades here 👉 bit.ly/wubits
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.