It's been a long time since price has been in a correction after that crash of CHF pairs which ended trading carrers, skyrocketed loans etc. Looking at the weekly chart of EURCHF we may say that we have the "perfect" zone to start selling the pair. Price has formed a bearish gartley pattern with D point having been completed at the upper parallel of the ascending channel of the long term correction. Trading a gartley pattern in a weekly chart is a very bad idea as the stoploss should be a huge one. Instead of selling with a sl above X point, switch to the lower timeframes to watch for a sell setup. If you wish to make this having a huge impact in your account, don't place tp. Keep trailing your sl and add whenever you have another sell setup completion based on your strategy. As a final tp the lower parallel of the channel seems to be the most realistic one.
Definately I will be updating this post everytime we have an opportunity.
Definately I will be updating this post everytime we have an opportunity.
