Originally Posted by
yulbang111
bearish trend seems to be taking place on the EURCHF pair and that’s according to the green color shown by the Bollinger Bands indicator determining by that the main market direction. A sell signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal.
This pair can continue bearish trend, now current price at 1.1227 and strong resistent at level 1.1249 in hourly time frame. there is possible chance price will move to up side. then next low price is 1.1176
resistent level 1 - 1.1357
resistent level 2 - 1.1320
resistent level 3 - 1.1286
pivot point - 1.1249
support level 1 - 1.1215
support level 2 - 1.1178
support level 3 - 1.1144
I suggest to entry SELL with stoploss at 1.1262 and take profit at 1.1177
use higher timeframe is very important because it always helps you to enter in the direction of current trend . using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit
I hope you can earn consistent profit from my signal, good luck and doing trade like a boss