The price for the EUR/CHF
currency pair is currently moving in a shallow dowtrend, making a series of impulses and corrections. If history repeats itself, we shall enter a short position around the 1.14000 area and target the 1.13600 area, being close enough to the beginning of the correction move ( bear flag
). At the 14400, this trade will be invalidated. The bear flag
being formed are quite steep, and this may test the emotions of most breakout traders, as it would be easy to assume the price is rallying and not considering the possibility of a plunge. Hooray for my 100th idea.
May the bears be with you!