20 Reasons for sell EURCHF

FX:EURCHF   Euro / Swiss Franc

✨ Eagle Eye: Looking at the 50-year historical trend, we observe a continuously low and extremely bearish pattern.
πŸ“† Monthly: Price has recently tapped the monthly FVG and has started a new bearish move.
πŸ“… Weekly: The weekly internal structure BOS suggests another strong bearish impulsive move.
πŸ•› Daily: A clean bearish formation has formed, and we need to seek short sell entries to participate in a long bearish run.
πŸ˜‡ 7 Dimension Analysis
🟒 Analysis Time Frame: Daily

1 Price Structure: Bearish
2 Pattern Candle Chart: Double top with internal BOS
3 Volume: The volume behavior is unusual. We need to wait for the breakout to confirm the market sentiment.
4 Momentum UNCONVENTIONAL RSI: Sideways momentum is observed at this point.
5 Volatility measure Bollinger bands: Double top formation is evident.
6 Strength ADX: The bearish DMI is currently in strength.
7 Sentiment ROC: CHF is stronger than EUR currently.
βœ”οΈ Entry Time Frame: H4
12. Entry TF Structure: Bearish

Entry Move: Impulsive
Support Resistance Base: Support breakout is necessary for entry.
FIB: Support breakout is required.
β˜‘οΈ Final Comments: We should sell at the breakout. Once the price gives a closing signal below the support level, we can enter a short sell position.
16. πŸ’‘Decision: Sell

πŸš€ Entry: 0.9845
βœ‹ Stop Loss: 0.9892
🎯 Take Profit: 0.9760
😊 Risk to Reward Ratio: 1:2
πŸ•› Expected Duration: 5 days


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