At trendline where multiple false breakout happened in past
Looking at technical overview of EURCHF we can see that price is again trying to break above trendline which it managed in past also but had suffered from resistance and price has been sent back below trendline each time it moved up---
Looking at history we can assume that price may reverse again from here , but as there has been oscillating risk on -risk off sentiment which is strengthening and weakending CHF we have decided to take neutral position on pair and wait for further confirmation , hence we will neither sell nor buy this pair ,
In order to Long eurchf we need to witness break and close above horizontal support , where as to sell we will wait for confirmation that price has closed back again descending trendline first and then we will look for break below ascending trendline while upside capped by BIgger longer term descending trendline..
Looking at history we can assume that price may reverse again from here , but as there has been oscillating risk on -risk off sentiment which is strengthening and weakending CHF we have decided to take neutral position on pair and wait for further confirmation , hence we will neither sell nor buy this pair ,
In order to Long eurchf we need to witness break and close above horizontal support , where as to sell we will wait for confirmation that price has closed back again descending trendline first and then we will look for break below ascending trendline while upside capped by BIgger longer term descending trendline..