EURCHF - Now OverSold ↗️

16 de out. de 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

As per my last analysis, attached on the chart, we have been looking for sell setups around the upper bound of the red channel.

EURCHF traded lower and it is now approaching the lower bound of the channel.

Moreover, the zone 0.945 is a strong support.

🏹 So the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.

As per my trading style:
As EURCHF is sitting around the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich