Tickmill
Short

EURCHF forming a bearish crab reversal, keep an eye on this idea

FX:EURCHF   Euro / Swiss Franc

EURCHF             is forming a really nice bearish crab formation with first major resistance at 1.1818 ( Fibonacci extension , bearish crab harmonic formation , bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support ( Fibonacci retracement , horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.

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This analysis is provided as general market commentary and does not constitute investment advice.
what about longer term views on this pair, like daily chart?
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I trade it too
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Hello, I have the same view. But do you see more going down? My TP are 1.1770 and 1.1734.
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pinfkloyd oneseth
@oneseth, Support is support
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