EUR/CHF has been bullish on the intraday charts today. The price breached the level of 1.09100, which holds the price as a level of support. As of this writing, the current candle has been bullish. It may end up being a bullish reversal candle. If that happens, then buying the pair above the level of 1.09215 may get the buyers some green pips.
Trade Summary:
Entry: Above 1.09215
Stop Loss: Below 1.09100
Take Profit 1: 1.09375
Take Profit 2: 1.09515
Take Profit 3: 1.09695
Please Note:
If the current candle closes above the resistance, take profit 3 shall be achieved. If it takes more than a candle, it may not hit the take profit 3. The buyers must remember that it is Friday. Thus, if the price does not hit a take profit level, they may close the trade before the London Session ends.
Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.
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