themarketzone

4H harmonic pattern near important weekly support

FX:EURCHF   Euro / Swiss Franc
1.2 zone is a very important support zone . We saw some significant rallies from this zone (with the help of the Swiss bank).
We see in the chart a harmonic pattern that the price tried to violate and failed (spike low).
The price currently is below minor resistance (red). A break above this resistance could mean the execution of the bullish pattern
1.2065 is the initial intra-day target for a bullish move.
1.208 is the second.

If the resistance hold, 1.2 is the bears target level. at 1.2 I would look for a double bottom .
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out