We can clearly see that there are a consolidation in D1 of EURCHF with a decent rejection in D1 2 days ago. It is good signal that consolidation is still in play and seller has high chance of taking back the power. A sell limit around 1.142 will have excellent risk/reward and good chance to be success.
Note
Wait for changing course of actionNote
Course of action for up retracement already change, you can place your sell order at any timeNote
You can move SL to entryNote
You can TP at your will
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.