Hey traders, hope everyone enjoyed their weekend. Coming up with a quick educational post about our market theory on a lower 1h timeframe. We are in a short on EURCHF since a few days. Looking at the lower time frame setups we can clearly see how a bullish run with two corrections (marked in yellow boxes) happened. On the other side this is a nice chart for price action education. Grey boxes mark prize zones where huge amount of positions are - on both sides. You see how these zones are touched from the top and the bottom ? Let that sink. Wishing everyone a great week!
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Falling down so far.
Trade closed manually
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Market is forming lows. Closing the trade with good profits.