Hello Traders,
How has the market been today?
In my opinion:
“The market was high“
I woke up this morning not only seeing my stop loss gets hit, but all the setups I was looking forward to trade go berserk.
Anyways, I spent the entire day away from my computer.
Coming back to it this evening, I am spotting a good setup, let me share with you guys…
1. EUR/CHF
The EUR/CHF is showing us a beautiful bearish reversal candlestick.
Though price is barely out of the consolidation band, this pair looks viable.
There are two ways taking this trade… sorry, point of correction, there are actually 3 ways of trading this pair:
- Going bearish at the close of the daily candlestick (if it still has a bearish outlook)
- Going bearish after price completely breaks out of the consolidation band and
- Following you own bearish confirmation rules (if it still ends up having a bearish outlook)
Our next possible support level would be 1.09611
Looking forward to seeing you guys tomorrow for more analysis and let me be the first to wish you a great new month of August
Stay blessed folks
