Hi Traders.
What do you think about this possible scenario:
EURCHF - quick retracement from 1,0850 to the target @ 1,10600 level
In 1,10600 zone it will touch (at the same time) resistance line and 70.60% Fibonacci, also 50% Fibonacci Fan...
Then I think the price should start to fall back to its previous lows.
Very nice risk - reward ratio. Nearly 2% possible profits…
Wait for support line to confirm !!! Confirmation signal required !!!
Stop Loss below 1.08200
If support line broken it's possible to touchdown on 1,0800 and then UP.
What do you think?
What do you think about this possible scenario:
EURCHF - quick retracement from 1,0850 to the target @ 1,10600 level
In 1,10600 zone it will touch (at the same time) resistance line and 70.60% Fibonacci, also 50% Fibonacci Fan...
Then I think the price should start to fall back to its previous lows.
Very nice risk - reward ratio. Nearly 2% possible profits…
Wait for support line to confirm !!! Confirmation signal required !!!
Stop Loss below 1.08200
If support line broken it's possible to touchdown on 1,0800 and then UP.
What do you think?
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