EURCHF - My Trading Plan in a picture - UPDATE!

9 jun 2022

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

As per my last EURCHF analysis, we were looking for buy setups as price was around the lower orange trendline and green demand zone.

Now EURCHF traded higher and it is approaching the upper zone.

Zone 2: (around 1.060)

This highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)

As per my trading style:
As EURCHF approaches the upper purple circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich