ThinkingAntsOk

4hs compression on EURCHF by ThinkingAntsOk

FX:EURCHF   Euro / Swiss Franc
Main Items we can see on the chart:

a) We have seen a reversal movement from a major support zone at 1.05

b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement

c) After the Breakout of the first descending trendline , we are observing a 4HS compression

d) If the Compression is broken, we expect a bullish movement towards 1.085

e) If you are interested in trading this movement, we would do it after the breakout and looking for small structures ( ABC Patterns) on a lower timeframe like 30min or 15min
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https://www.thinkingants.com/

Comments

good deal, I like that.
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