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ThinkingAntsOk
Nov 30, 2020 11:36 AM

Bullish Expectations on EURCHF  

Euro Fx/Swiss FrancFXCM

Description

Main items we can see on the chart:

a) The price has reached a major Support zone

b) The previous bullish movement happened in the next sequence:

-The price broke a descending structure
-The price made a corrective pattern above the broken descending structure
-New bullish movement came after the breakout.

c) If we take the previous scenario as the chain of events before a bullish movement. Then, the price has fulfilled all of them

d) We have a broken descending structure + Corrective pattern

e) Based on all those items we expect a bullish movement with a target on 1.12
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