FX:EURCHF   Euro / Swiss Franc
Price is making one possible rising wedge pattern. Will be watching for a break of the bottom trendline & support for price to potentially reverse back lower..
Comment: H4: Price failed to break & close above 4 hour structure.
Comment: Possible head on shoulders pattern as well
Comment: Trendline break & retest, waiting for clean break of daily support & rejection for downside confirmation
Comment: ^ Wrong chart
Comment: **
Trade closed: target reached: forgot to update
A pullback and rejection ??
+1 Reply
@elfarouk, yeah daily candle close below 1.16150 & retest rejection showing that price will hold that level as resistance to push lower
elfarouk eazywayout
@eazywayout, thanks man
+1 Reply
@elfarouk, no prob!
could you also do an analysis on its brother EURJPY. They have similar harmonic plays for me .
i also have a similar bearish play . watching for a break of 20 ema for sell orders.
+1 Reply
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