MujkanovicFX

Further weakness in EURCHF? A few points signal so.

FX:EURCHF   Euro / Swiss Franc
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.
Trade active: Amazing breakout on the 4-hour chart. Hope you got into this trade. Other setups from this week are also performing nice.
Trade closed: target reached: Our TP has been reached.
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