Hello traders! Right now EURCHF is on the TOP of the daily channel. The actual developing structure we have is a rising wedge structure, which is a trend reversal pattern. We had the first strong down impuls on this pair based on the CAD strength. We are expecting a bigger correction at this level. Be patient and wait to see how price action develops. If the price continue to stay under daily MA, then you can look for sell opportunities in lower time frame. Don't jump into the first red candle. Follow me for future updates. TRADE WITH NO EMOTIONS!
Comment:
Watch for a strong breakdown here.
