EURCHF 2023 Yearly Structure OLHC (Buy Signal)

Jul 27, 2023

EURCHF2023
YEARLY STRUCTURE
OLHC (BUY SETUP)

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In the year 2023, EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156.

An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962, coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.

Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855. Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661. Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522.

As always, prudent monitoring and cautiousness are advised to make well-informed decisions.

In the year 2023, EURCHF EURCHF commenced with a low opening, accompanied by a remarkable bullish divergence observed from October 2022 to the current market price in July 2023. Notably, the price is currently experiencing rejection at the monthly support level of 0.95156.

An ideal buy setup will materialize upon the price's closure above the Buy zone, specifically at 0.95962, coupled with a bullish TDI cross, signifying the active presence of buyers in the markets.

Upon the occurrence of the TDI cross for buys, the first take profit target will be set at 0.97855. Subsequently, the second take profit level will be aimed at the yearly open of 2023, standing at 0.98661. Furthermore, should the price break above the 2023 open, the third take profit level will be based on last year's open, as the price was unable to reach that target previously, located at 1.03522.

As always, prudent monitoring and cautiousness are advised to make well-informed decisions.

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It is crucial to exercise patience and await the TDI cross before taking any action.
Trade with Caution. Wait for valid entries.

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