Right now ... You do not have any reason to be buying Eur/Chf other than the idea that Friday It bounced from a important support (Or Supply) Area!
With that being said .... I expect the Eur to continue to rise....
I think you should open BUY STOP ORDERS ONLY AND NOTHING ELSE ... until you see a daily candlestick buy confirmation!
With that being said ... Friday Closed with what looks like a "TWEEZER BOTTOM" candlestick reversal pattern that could be the bull reversal candlestick we need on the daily chart!
So You Should Be Bull On This Pair... And You should be looking to buy ... and If you decide to swing trade this... You can see the take profit areas on the chart!
I will have 3 positions open with 3 take profits... Stop loss needs to be below the support zone (Which is not that many Pips) giving you the best "Risk To Reward Ratio" that any trade can give you!
Fundamentally ... (Im still looking at Euro News for the week that could give us a reason to be buying) right now we only have technical reasons!
With that being said .... I expect the Eur to continue to rise....
I think you should open BUY STOP ORDERS ONLY AND NOTHING ELSE ... until you see a daily candlestick buy confirmation!
With that being said ... Friday Closed with what looks like a "TWEEZER BOTTOM" candlestick reversal pattern that could be the bull reversal candlestick we need on the daily chart!
So You Should Be Bull On This Pair... And You should be looking to buy ... and If you decide to swing trade this... You can see the take profit areas on the chart!
I will have 3 positions open with 3 take profits... Stop loss needs to be below the support zone (Which is not that many Pips) giving you the best "Risk To Reward Ratio" that any trade can give you!
Fundamentally ... (Im still looking at Euro News for the week that could give us a reason to be buying) right now we only have technical reasons!