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TheSignalyst
Jan 10, 2021 7:10 PM

EURCHF Top-Down Analysis Short

Euro Fx/Swiss FrancFXCM

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

on DAILY: EURCHF is sitting around a strong resistance (in blue) and brown trendline so we will be looking for sell setups on lower timeframes.

on H4: EURCHF formed a wedge pattern in red so we are waiting for a new swing low to form around our lower red trendline to consider it our trigger swing.

Trigger: Waiting for a momentum candle close below the gray area to sell.

and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.

As price approaches our lower brown trendline, we will be looking for buy setups.

Good luck!
Comments
CollegeofPips
Nice comparison.
TheSignalyst
@CollegeofPips, thank you!
Rackelle_M1
Informative big time, keep it up 👑
TheSignalyst
@Rackelle_M1 you are amazing
DACapitalTrading
detailed analysis mate
TheSignalyst
@DACapitalTrading glad you like it
DACapitalTrading
We will see, good one
TheSignalyst
@DACapitalTrading thank you dear
Nizar68
Fantastic
TheSignalyst
@Nizar68 glad you like it
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