See callout bubbles. I believe that the CHF is the stronger currency in the pair, so we will look to join the downward movement within the red-highlighted zone.
Always measure your risk and be okay with being wrong ; )
If you see the chart today, i believe that it has formed a head and shoulders pattern? What do you think? Thank you.
Simple_Renko
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@donzeeshan.dz, Hey Don, thank you for commenting ; ) I can see what you're saying. It's not the *clearest* head and shoulders pattern, but it's there, yes!
donzeeshan.dz
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@Chris.cellura, No problem dude! So there is potential for a break further down, correct ? Too 0.965?
Thanks.
Simple_Renko
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@donzeeshan.dz, There's your break down! I hope you did well on this one!
donzeeshan.dz
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@Chris.cellura, ahah indeed looking at it rn very well so far, perhaps it will reach 0.944 now eh? what you think major support there
thanks bro
Simple_Renko
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@donzeeshan.dz, If you're still short this pair, I think the chances of hitting that major support below around 0.9440 are pretty good. You may even consider adding to your position if the price wants to take a little rally. Don't expect big buyers until that support area below and get the most out of your trade!
Good job mate!
donzeeshan.dz
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@Chris.cellura, bro it is range bound it seems, what happened