EUR/CHF 4H Chart Analysis – Capturing the Bullish MomentumWe’re currently analyzing the EUR/CHF 4H chart, where a fresh BUY signal has been triggered, indicating a potential upward move.
Key Observations:
- BUY Signal: The BUY signal was triggered at 0.93692, pointing to a potential reversal from recent bearish momentum.
- TP Zone: The Take Profit (TP) zone has been identified between 0.94000 and 0.94200, offering a potential gain of approximately 31 to 51 pips from the entry point.
- Market Structure: Price action is holding above key support levels, and the current market structure suggests further movement toward the TP zone. Recent activity shows weakening bearish momentum as we approach these targets.
Trading Plan:
If the price continues its upward trajectory, targeting the TP zone between 0.94000 and 0.94200 could present a favorable opportunity. Stay alert for confirmation as the price moves toward these levels.
Risk management is key—monitor the market closely and adjust as needed. Trade smart!
