Hi all. Here we have the 4-hour EURCHF
chart with an analysis that signals further weakness in the pair. Let's cover them one by one: 1) Longer-term daily trendline
resistance, 2) Horizontal resistance, 3) Rising wedge
during downtrends ( bearish
), 4) 5-wave
pattern inside the wedge
completed. For a short entry, I would like to see a decisive close below the lower wedge
line (1.131x). Profit target: mid 1.12.