Daily Analysis - EURCHF

Signal Appearing

From chart we see the down trending seems ending at about 1.0381, after there is a "N" pick up(yellow) to about 1.0454 which broke the trendline(red) leading us a signal of down ending. 

Position Plan 

In the down trending, we see a range bound(blue rectangle on the left), we make a similiar rectangle with same length then we may open a long position around 1.0420 and stop-loss below 1.0380. 

Risk Control 

Make sure the stop loss respecting our fund management strategy. 

Profit Expect 

We may put take-profit higher like around 1.0590 and if it goes above the blue rectangle on the right hand within the length of it, we move stop-loss to the top of it and close half of the position. This is a middle-long term trade.