EURCHF Buy Opportunity Forming At The Moment

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EURCHF Buy Opportunity Forming At The Moment

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Hi Traders! We have EURCHF buy opportunity forming at the moment. A detailed analysis of this bullish setup is as follows:

EURCHF H4 Chart:

On the H4 chart the price is moving inside a channel and is respecting it so far, inside this channel the price has currently formed a triangle pattern. The price has reached the bottom of this triangle pattern and is moving higher towards the top of this pattern. If the price moves higher further, breaks and holds above the top of this pattern, we may then start looking for buys with more bullish evidences.

EURCHF Buy Opportunity Forming At The MomentWe may look for buys until price reaches the top of this channel.

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Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.

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Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

 

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