EURCHF is Accumulating For The Next Move
EURCHF is Accumulating For The Next Move
Over the past month, we have seen the EURCHF make new lows in areas never tested before.
At the moment the price is accumulating volume and a contracting triangle appears on the 4-hour chart.
This pattern is a trend continuation pattern.
However, it may also be the beginning of a bullish move considering the extreme conditions EURCHF is in at the moment.
The breakout from the pattern will indicate the next price direction.
You can find more details in the chart!
Thanks and good luck!
Over the past month, we have seen the EURCHF make new lows in areas never tested before.
At the moment the price is accumulating volume and a contracting triangle appears on the 4-hour chart.
This pattern is a trend continuation pattern.
However, it may also be the beginning of a bullish move considering the extreme conditions EURCHF is in at the moment.
The breakout from the pattern will indicate the next price direction.
You can find more details in the chart!
Thanks and good luck!
Trade closed: target reached:
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