EURCHF Triangle Pattern Provides Buy Opportunity

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EURCHF Range Provides Bullish Opportunity

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Hi Traders! EURCHF triangle pattern provides buy opportunity for us. A detailed analysis of this bullish setup is as follows:

EURCHF H4 Chart:

On the H4 chart the price is moving inside a triangle pattern and is respecting it so far. Currently the price has reached the middle of this pattern, we may now expect the price to move lower towards the bottom of this pattern. Once the price reaches the critical zone shown in the screenshot, we may then look for evidences of bullish pressure in order to join the bulls.

EURCHF Triangle Pattern Provides Buy Opportunity

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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Michael
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Michael

Yordan, thank you so much for the advise.

Aaron
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Aaron

Thanks Yordan for the analysis