Hi guys,
today we have two advanced patterns on the 1hr chart on EURCHF. The analysis starts from higher timeframes.
As you can see in the 4hr and daily chart, we recently broke and closed below a daily resistance level.
Now that we're retesting that zone we expect a bearish trend continuation; in order to catch that move we search for shorting oportunities in lower timeframes as 1hr chart.
Here we found two bearish harmonic patterns that fits in our rules. Keep an eye on that!
Stops would go above x, target with 0,382 and 0,618 retracement of AD (for Gartley) or CD (for Cypher)
I'll let you know if i get involved.
If you want to ask questions, don't hesitate!
Good trading!
today we have two advanced patterns on the 1hr chart on EURCHF. The analysis starts from higher timeframes.
As you can see in the 4hr and daily chart, we recently broke and closed below a daily resistance level.
Now that we're retesting that zone we expect a bearish trend continuation; in order to catch that move we search for shorting oportunities in lower timeframes as 1hr chart.
Here we found two bearish harmonic patterns that fits in our rules. Keep an eye on that!
Stops would go above x, target with 0,382 and 0,618 retracement of AD (for Gartley) or CD (for Cypher)
I'll let you know if i get involved.
If you want to ask questions, don't hesitate!
Good trading!