Short term (Intraday)1,5295. EUR CHF is in an downtrend directed by 4H exponential moving averages. EUR CHF is in a consolidation after the last bearish movement. EUR CHF is in a range between 1,5180 and 1,5340. The volatility decreases. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,5340 (45 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 1,5300. We will put the stop loss above 1,5370 (-70 pips). The targets are 1,5200 (+100 pips, risk/reward 1:1.4), 1,5080 (+220 pips, risk/reward 1:3.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2. - Resistances
- 1,5340 - 1,5430
- Supports
- 1,5250 - 1,5180
=> We could take a short position at 1,5300. We will put the stop loss above 1,5370 (-70 pips). The targets are 1,5200 (+100 pips, risk/reward 1:1.4), 1,5080 (+220 pips, risk/reward 1:3.1) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.