A chance to long the slow poke EURCHF for 150 pips

EURCHF is a pair that is a slow mover and maybe moves 100 pips a week. (As compared to 100 pips a day for most pairs). However it doesn't mean you cannot trade this pair.

The pair fluctuates between 1.0800 to 1.10 and it is now approaching the critical support. Here is why I would look to go long next week.

1. Bat pattern completing

2. Trendline support

3. Strong Daily support

I am not seeing any reason to go long yet so am waiting for the 1.0800 level to be tested to go long.

Сделка активна:

There is H4 divergence which means the bears are losing steam. I am entering the trade at:

EP: 1.0805
SL: 1.0772 (32 pips)
Target: 1.0960 (155 pips)

Сделка активна:

Switching the trade to Breakeven. Trade is up almost 50 pips.