Hi Traders! EURCHF update and follow up of the sell opportunity is here. In the previous post here I mentioned “On the H1 chart we have two critical zones that has formed. Hence we may expect a bearish reversal to happen from these potential zones and the price to continue lower. Once the price reaches these critical zones look for evidences of bearish reversal and then start looking for sells”. Lets see how this setup has developed now.
EURCHF H1 Chart:
On the H1 chart the price has moved exactly as per our plan. The price moved higher and the bearish reversal that we were looking for happened from the second critical zone. The price is still moving lower and we have collected good profits so far. To be on the safer side you can move stop loss to break even.
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