SoxKeepYouWarm
Short

EURCHF 2618 nice structure

FX:EURCHF   Euro Fx/Swiss Franc
100 5 0
EURCHF             made a double top, broke out, and looks like it may be coming back up to the .618

This lines up with the .236 retracement of the ascending triangle breakout from a month ago, and recent structural resistance.

Could take at profits at old low, but price may fall further to the bottom of the ascending triangle .
butterliesel
2 years ago
looks good, thanks for sharing

do you think the ec will go further down, or is this a good zone to place buy orders?
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SoxKeepYouWarm butterliesel
2 years ago
It's stopped at the last two major lows of the previous wedge. I'd say the next oppertunity would be playing a retracement off of 1.2103 back to around 1.2121

The wedge was preceded by a pretty darn long impulse leg though, so it's probably going to break below wedge structure eventually.
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butterliesel SoxKeepYouWarm
2 years ago
Thanks David,
if it will break below the last wedge structure, this would be around 1.21 is this correct?
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SoxKeepYouWarm butterliesel
2 years ago
1.210, yea, as far as I can see it has the potential to drop considerably lower, there really isn't much structure since 2013 and the market is bearish.
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butterliesel SoxKeepYouWarm
2 years ago
Thanks Dave for your view to the EC.. :-)
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