Get started
SynapseTrading

EUR/CHF (Daily Chart) - Confluence of Bearish Factors

Short
Euro / Swiss Franc (FX:EURCHF)  
SynapseTrading  
FX:EURCHF   Euro / Swiss Franc
Trend Analysis Chart Patterns Beyond Technical Analysis EURCHF eur-chf Forex forexsignals forextrading priceaction Technical Analysis synapsetrading
7
0
trendanalysis chartpattern beyondta eurchf eur-chf forex forexsignals forextrading priceaction technicalanalysis synapsetrading
This pair is probably one of the best shorts at the moment, with many bearish factors lining up.

Firstly, if you zoom out, you can see that it recently completed a bearish H&S reversal pattern, and after a successful breakdown, the price has now come back to test the breakout point.

Second, the breakout point is now a support turned resistance.

Lastly, prices are resisted by a minor bearish trendline and both the 20&50-day EMAs.

I am currently short the full size on this counter.

Good luck!
Free video tutorials: wp.me/P1riws-7uH
Free trading signals: wp.me/P1riws-7E8

FB group: bit.ly/2zfCGXy
Telegram: t.me/synapsetrading
Youtube: bit.ly/2AaUK4C
Twitter: bit.ly/2DLoV6X

Related Ideas

SynapseTrading
EUR/CHF (Daily Chart) - Bearish H&S Pattern
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.