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TheSignalyst
Sep 11, 2021 5:47 PM

EURCHF - Potential Bearish Reversal! Short

Euro Fx/Swiss FrancFXCM

Description

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

EURCHF is overall bearish as mentioned in my previous analysis (attached below) and approaching a resistance zone from daily timeframe, so we will be looking for sell setups on lower timeframes.

on H1: EURCHF is forming a head and shoulders pattern but it is still an idea, so we will be waiting for the right shoulder to form (projection in purple)

Trigger => Waiting for the right shoulder to form then sell after a momentum candle close below the gray neckline.

Until the sell is activated, EURCHF would be overall bullish and can still trade higher.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Comment

Comments
jojofang0901
this one does look clean and a bearish reversal price action in the making thx :)
TheSignalyst
@jojofang0901, amazing Jojo, glad you agree!
HuguesSt-Pierre
I liked your idea. thanks for sharing. I wish everyone good luck
TheSignalyst
@HuguesSt-Pierre, thank you Pierre :D keep it up you too
financialflagship
Excellent setup, thanks for the heads-up. Agree with the reversal point of view!
TheSignalyst
@financialflagship thanks a lot my friend
ForexTrendline
great stuff, thanks!
TheSignalyst
@ForexTrendline thanks my brother
Babenski
🤝🤝
TheSignalyst
@Babenski fantastic babenski
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