Good morning team,
We are taking a second look at the EURCHF after being taken out at breakeven on both of our positions.
The pullback in the market appears to be corrective and has set up a bullish structure to buy into.
There has been another higher low indicating a bullish change in trend, as well as an inverse head and shoulders structure. The EURCHF is potentially building to the upside and there is roughly 300 pips on the table for the lower target area.
Trade Setup: BUY market execution, current price 1.0269, stop loss 1.0153 and take profit target 1.0597.
Stop loss: 115 pips
Take profit: 328 pips