EUR/CHF The Bulls are Ignoring All Technicals.

Let's go over the different things that are happening here on EURCHF. The price made a Bearish RSI Divergence in this uptrend on EURCHF. The price indeed retraced slightly after this happened, but the overall uptrend was too strong.

The uptrend continued and made its way to the horizontal resistance area. After the area was hit, the price struggled a little bit but broke through eventually.

Since the bulls managed to win from the bears on all of these occasions despite the technicals against them, I decided to go for a long trade here.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!