Euro To Swiss Franc (EUR/CHF) – Top-Down Analysis!

FXO Market Update - USD long squeeze | Saxo Bank

EURCHF is overall bearish trading inside the brown channel
As per my trading style/plan;

Here are the two strong zones where I will be looking for high probability buy setups:

I call them War Zones, (highlighted in Purple circles)

Zone 1: (around 1.025)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and the red trendline. (acting as non-horizontal resistance)

Zone 2: (around 1.0)

This highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. (acting as non-horizontal support)

EUR To CHF Chart

As per my trading style:

As EURCHF approaches one of the purple circles, I will be looking for reversal setups (like a double bottom /top 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

FXO Market Update - USD long squeeze | Saxo Bank

Richard Nasr

- Full-time Trader, Coach, and Founder of theSignalyst with 400+ Students Worldwide.
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