EUR crosses/FXWW News/Others/Technical Analysis/Trade Ideas

EUR/CHF: Nice risk-reward in going long at present levels

Just going through the charts and I found this nice risk-reward trade in EUR/CHF (see chart). The trend looks reasonably constructive and the most recent rally from 1.2275 to 1.2465 has retraced exactly 61.8%. I’ve taken a long position at 1.2375 with a 50 pip stop and a measured target at 1.2550.

  1. Unscientifically Bogdan 🙂 Last bull leg was from 12275 to 12465, 190 pips. Next bull leg from 12345 will be roughly same and take prices to top of bull channel

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