EURCHF: Buying Opportunity at Support
What do you think about such a buying opportunity? We have the range market conditions where the price is at the support zone. The price reversal from this zone allows us to open long positions. RSI and MACD support a possible upward movement toward the previous market highs.
Here is a possible long trade:
Buy above 1.07430
Stop below 1.07165
Profit Target at 1.08385
Risk per trade must be no more than 1-2% from the trading capital.
The trade looks interesting as it is in the direction of the bullish trend from the daily chart.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is a possible long trade:
Buy above 1.07430
Stop below 1.07165
Profit Target at 1.08385
Risk per trade must be no more than 1-2% from the trading capital.
The trade looks interesting as it is in the direction of the bullish trend from the daily chart.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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