Long

EURCHF H4 LONG PRICE ACTION FORECAST

After the descending wedge pattern breakout, we could expect the retest of the descending trendline from the pattern for an uptrend continuation. The price structure allows the setup of a long entry with an excellent R:R.

The price action has got rejected from a strong support level from the weekly realm, allowing the confirmation of an uptrend momentum.

The order:
Type: sell-limit
S/L: 26 pips - R:R | 1:2 -
T/P: aiming towards a support trendline.

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