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ThinkingAntsOk
Aug 13, 2020 2:06 PM

Corrective Structure and Two Scenarios on EURCHF  

Euro Fx/Swiss FrancFXCM

Description

Main items we can see on the chart:

a) The price is currently on a small correction on the edge of a descending trendline

b) We think that a motive wave will come after the breakout of that structure

c) Long Scenario: The price will go towards the next Resistance Zone

d) Short Scenario: The price will go towards the base of the previous compression (yellow lines)
Comments
InkyGrip
Heavy resistance! Ranging market waiting for the break
ProjectSyndicate
premium info, thank you for sharing!
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