EURCHF just touched and reacted strongly to the area of the support trendline coming from September 2022.
Very high probability it will react strongly from here.
Opened a small long position targeting first resistance area around 0.9850.
Very high probability it will react strongly from here.
Opened a small long position targeting first resistance area around 0.9850.
My goal is to manage the trade with a tight SL below the latest pivot point in the 4H chart, take profit near the first resistance in one of the trades and let the other run with SL at breakeven, at least until the trendline resistance in the daily timeframe.
If the trade turns south, wont take any heavy risks and accept the loss with my SL set for 0.9770.