EURCHF: Your Trading Plan 🇪🇺🇨🇭

16 mag 2022

EURCHF set a new higher high higher close on a daily last week.
Then the price retraced to strong horizontal structure support.
From that, I am looking for a confirmation to buy.

On 4H time frame, I spotted a double bottom formation.
I will buy the pair after the breakout of a neckline.
We need a 4H candle close above 1.0425 - 1.0445 zone to confirm the breakout.

Then a bullish continuation will be expected.
Initial target will be 1.05

If the price sets a new lower low on 4H, the setup will be invalid.

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