Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCHF WHAT'S NEXT!
As we can see price is still overall bearish trading inside this channel making clean lower lows and lower highs.
However, price is sitting around our lower bound of this falling channel which can be acting as an over-extended market, Meanwhile, we will be looking for new correction movements.
Moreover, on H1 time frame price formed a nice-looking symmetrical triangle, Then for the bulls to kick in, we need a break above the marked structure, then a movement higher would be expected.
Then as the price will be trading higher till the upper falling trendline, we will be looking for new bearish movement as a trend following one.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EURCHF WHAT'S NEXT!
As we can see price is still overall bearish trading inside this channel making clean lower lows and lower highs.
However, price is sitting around our lower bound of this falling channel which can be acting as an over-extended market, Meanwhile, we will be looking for new correction movements.
Moreover, on H1 time frame price formed a nice-looking symmetrical triangle, Then for the bulls to kick in, we need a break above the marked structure, then a movement higher would be expected.
Then as the price will be trading higher till the upper falling trendline, we will be looking for new bearish movement as a trend following one.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Trade closed: target reached:
As we mentioned previously, in our analysis price rejected our lower bound of the channel and traded higher.📚
Then what!?
👉 price is approaching a strong resistance zone, lining up with our previous major swing lows, where we will be looking for new bearish reversal setups on lower time frame to catch the next bearish movement as we are still overall bearish 📚
Then what!?
👉 price is approaching a strong resistance zone, lining up with our previous major swing lows, where we will be looking for new bearish reversal setups on lower time frame to catch the next bearish movement as we are still overall bearish 📚