FX.co ★ milford.mante | EUR/CHF

Hello traders, EUR/CHF. Well, a very good upward movement here. I endured the drawdown where the price almost dropped to our support level at 0.9285. The stop-loss level I set held up nicely. For those who haven't entered a long position yet, there might still be a chance. A correction could occur around the current area, leading the pair to drop again to the support level at 0.9315. That would be another opportunity to enter a long position right at the support level of 0.9315, with the prospect of an upward movement towards the resistance zone of 0.9495-0.9525. As for profit, there are two options: either place a stop at 45 pips when buying from 0.9315 and aim for a 90-pip profit, or more aggressively target a risk-reward ratio of 4 to 1. In that case, the profit in pips would be 180.