Â By: Dima Chernovolov
I recently subscribed to Autochartistâ€™s latest e-mail feature and received this trade opportunity alert this morning. Autochartistâ€™s latest feature provides traders with a quick morning technical outlook of the markets.
EUR/CHF has recently reached the target level 1.2325 from the following trade opportunity alert that I recently received for this currency pair via Autochartistâ€™s email subscription. The pair fell toward this target level on the next trading session after we highlighted this trade opportunity â€“ closely adhering to the projected time of the forecast realization that was indicated in this alert (the next 13 hours). The pair then bounced up from the target level 1.2325 and is expected to fall further as can be seen from the next opportunity alert for EUR/CHF.
As you can see from the following opportunity alert for EUR/CHF that I received on Friday, Autochartist expects the pair to decline further toward the next target level 1.2294 in 22 hours. The previous price target 1.2325 (which corresponds to the last reversal point of the 4-hour Descending Triangle chart pattern that was recently broken) should be penetrated for the pair to reach the target level 1.2294.
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