After two touches of my trendline, price broke down of my trendline buh its currently above my trendline. I'd love price to give me a proper retest with my usual confirmation so that i could long. Probabilities
Price respected my trendline thrice and is back there for a fourth time. I could short with my usual confirmation/trigger. Another probabilities. lets see
Price has now broken down and retested my long term resistance trendline which i represented with this structures. I look forward to a price decline. Another probabilities
EURCHF is trading in a falling wedge pattern, it has given a breakout from falling wedge on the upside for a very short time, but it could not able to sustain outside the falling wedge. Also, within the falling wedge, it has formed a trend reversal pattern, which is a cup and handles pattern, so we might see a trend on the upside in EURCHF if it breaks out from...
EURCHF is trading in channel pattern. Also, it is forming a descending triangle pattern within the channel pattern as the descending channel pattern suggests a downtrend may be continued. Our first target on the downside for eurchf, if it breaks on down-side it will be a channel pattern support line.
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