Recommendation for EUR/CHF:Sell
Sell Stop : Below 1,09Stop Loss : Above 1,1
RSI : Neutral
MACD : Buy
MA(200) : Sell
Fractals : Sell
Parabolic SAR : Sell
Bollinger Bands : Sell
Chart Analysis
On the daily timeframe, EURCHF: D1 went down from the triangle. Number of technical analysis indicators have formed signals for further decline. We are not ruling out a bearish move if EURCHF falls below its latest low: 1.09. This level can be used as an entry point. Initial risk limitation is possible above the last upper fractal, Parabolic signal and upper Bollinger line: 1.1. After opening a pending order, move the stop to the next fractal maximum following the Bollinger and Parabolic signals. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (1.09) without activating the order (1.1), it is recommended to delete the order: there are internal changes in the market that were not taken into account.