FOREX: EURCHF "Sell" opportunity

11.04.2019 / 12:04

Rating:

EURCHF

Времева рамка: D, H4

Технически анализ:We keep track of the pair's price EURCHF since last week. On the H4 timeframe, the price reached 50% Fibo retracement from the downward movement launched in February 2019, and the D1 price hit the diagonal resistance trend of the downward movement formed in April 2018 as well as the 50-DMA and 100-DMA resistance.

Indicators: The price of D is below 50-DMA, 100-DMA, and 200-DMA, which supports downside scenarios.

DeM (14): We have no clear signal from the indicator.

Entry: Aggressive entry at 1.1300 prices, with conservative traders waiting for a "Japanese candle" formation or a turn-by-turn figure.

SL: 1.1420

Alternative Scenarios: If the price moves above the downward trend channel, we will see a possible change in the trend of the EURCHF pair.

Trader Velizar Mitov

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FOREX: EURCHF "Sell" opportunity

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