EUR/CHF: A bullish reversal candle at support to push the price upside


EUR/CHF has been bullish on the intraday charts today. The price breached the level of 1.09100, which holds the price as a level of support. As of this writing, the current candle has been bullish. It may end up being a bullish reversal candle. If that happens, then buying the pair above the level of 1.09215 may get the buyers some green pips.

EURCHF

 

Trade Summary:

Entry: Above 1.09215

Stop Loss: Below 1.09100

Take Profit 1: 1.09375

Take Profit 2: 1.09515

Take Profit 3: 1.09695

 

Please Note:

If the current candle closes above the resistance, take profit 3 shall be achieved. If it takes more than a candle, it may not hit the take profit 3. The buyers must remember that it is Friday. Thus, if the price does not hit a take profit level, they may close the trade before the London Session ends.

 


 

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