FX:EURCHF   Euro Fx/Swiss Franc
41 0 4
4 months ago
eurchf             formed a double top and is about to pullback into the .618 where structure lies. move up has been rather corrective on eurchf             . we can look into a breakout some time next week. i had posted a daily chart for the eurchf             sell off a few weeks ago, i am expecting this 1 hour structure to give us the trade. tp 4 is my daily chart trade setup analysis you can get the link in the related ideas.

short eurchf            
-2.618 setup
- overbought RSI approaching 61.8%
-RSI divergence
-correctional pattern (continuation)

entry: 1.08800
sl:1.09055 (78.6)
tp1:1.07890 (100%)
tp2:1.07487 (1.27 ext)
tp3:1.06975 (1.618 ext)
tp4:1.03975 ( daily chart tp)

risk: 25 pips
potencial gain: aprox. 480 pips
i will short the 61.8 and will add positions if the lower tf counter trend line breaks
4 months ago
Comment: RSI is showing major bearish divergence
p.s. i apologize for the published chart looking so bad. you can scale the chart to see the idea better.
snapshot
4 months ago
Comment: price action is starting to show bearish
snapshot
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