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UnknownUnicorn180388

EUR.CHF - Multiple Confluence Factors @ 1.1700

Long
Euro / Swiss Franc (FX:EURCHF)  
UnknownUnicorn180388 Updated   
FX:EURCHF   Euro / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators ukforexsignals EURCHF
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trendanalysis chartpattern indicator ukforexsignals eurchf
Currency Pair: EUR.CHF
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Long

Live EUR.CHF updates will be available in the comments section below
Comment:
Comment:
A textbook pullback has now started on the 15min and 1hr TF
Awaiting to see how price reacts as it approaches the 50EMA & 38.20%
Comment:
This chart setup is a prime example as to why multi-timeframe analysis is key.
Looking at the 4hr chart a pullback to the key levels is giving an indication that a setup could occur, however looking at the Daily it has formed a clear high test ( reversal candle )

The daily candle for me invalidates the setup.
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