EUR/CHF is showing strong bullish potential on the 4H timeframe, having just broken out of a bullish flag formation after a clean bounce from a weekly support zone.
🔹 Technical Highlights:
The pair formed a downward-sloping consolidation channel (flag) following a sharp impulsive move upward – classic bullish flag behavior.
Price broke above flag resistance with increased buying volume, confirming bullish continuation.
Weekly support at ~0.9260–0.9280 acted as a strong base for reversal.
RSI is trending up and has broken above the 50 midline, showing renewed bullish momentum.
🎯 Trade Plan Summary:
Entry: Upon breakout above flag resistance (~0.9370)
Stop-loss: Below flag low and structure (~0.9280)
Take-profit 1: 0.9450
Take-profit 2: 0.9580 (target based on flagpole projection)
🟢 Outlook: Breakout suggests further upside continuation, possibly aiming to test higher trendline resistance.
🔹 Technical Highlights:
The pair formed a downward-sloping consolidation channel (flag) following a sharp impulsive move upward – classic bullish flag behavior.
Price broke above flag resistance with increased buying volume, confirming bullish continuation.
Weekly support at ~0.9260–0.9280 acted as a strong base for reversal.
RSI is trending up and has broken above the 50 midline, showing renewed bullish momentum.
🎯 Trade Plan Summary:
Entry: Upon breakout above flag resistance (~0.9370)
Stop-loss: Below flag low and structure (~0.9280)
Take-profit 1: 0.9450
Take-profit 2: 0.9580 (target based on flagpole projection)
🟢 Outlook: Breakout suggests further upside continuation, possibly aiming to test higher trendline resistance.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.