Siyabonga_Ngcobo

BULL BUTTERFLY OR BEAR CYPHER PICK YOUR PICK EURCHF

FX:EURCHF   Euro / Swiss Franc
As we progress this week the EURCHF is literally side ways giving pattern traders the upper hand. If the market continues lower, we could look to buy the EURCHF back into support structure at 1.0615 which lines up with the bull butterfly . Slightly above we have an AB=CD harmonic move which further gives me confidence about the direction of the market. However if the market shoots up, we could look to sell at the bear Cypher as counter trend traders. Well with this we are pretty much 3 steps ahead of the market and it is clear as day light on what we must do if Price Action reaches or target zones.

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