Good morning traders,
after very slow Wednesday, we can see the price has started to move in Asia session and hopefully it will do the same in London an US sessions.
Let's take a look at EUR/CHF in 4H chart. We can see that there was aggressive move up that smashed resistance line that has been tested multiple times in past. However, it turns out it is just a fakeout and now price is back in the parallel channel looking to test support line in near future. RSI shows us the downside pressure is only starting and MACD shows the bear volume is getting higher. If you decide to go with this trade, put your Stop Loss right above resistance line and don't risk more than 1% of your capital in this trade. This idea is little bit riskier what we usually take.
Let us know if you agree or disagree with us with this idea in comment section. And do us a favor and hit that follow and like button and help us grow our community :)
Good luck !
after very slow Wednesday, we can see the price has started to move in Asia session and hopefully it will do the same in London an US sessions.
Let's take a look at EUR/CHF in 4H chart. We can see that there was aggressive move up that smashed resistance line that has been tested multiple times in past. However, it turns out it is just a fakeout and now price is back in the parallel channel looking to test support line in near future. RSI shows us the downside pressure is only starting and MACD shows the bear volume is getting higher. If you decide to go with this trade, put your Stop Loss right above resistance line and don't risk more than 1% of your capital in this trade. This idea is little bit riskier what we usually take.
Let us know if you agree or disagree with us with this idea in comment section. And do us a favor and hit that follow and like button and help us grow our community :)
Good luck !
