price rejected from structure resistance, created double top and break the wedge.
find pullback to 61.8 level or neckline area to complete 2618 trade setup.
1st target previous low. SL above double top
Price try to retesting resistance level.
2 bearish patterns potentially created on that level.
prepare sell position when price come to that level, find transition on smaller timeframe for entry strategy
In a 2hr time-frame, EURCHF laying a new trend setup to pull the price range to the down. A declining trend reversal dropping the price range in favour of Seller'. In the hourly closings, continuous price drop might easily fetch the 1.11815.
Keep an eye on the chart.
Overall in the bigger timeframe this pair is still on bearish movement.
So i will look for another sell opportunity.
price potentially retesting previous structure resistant, 50% pullback and complete bearish crab.
find transition on smaller timeframe to short.
price break consolidation on the triangle, find pullback to previous structure or trendline retest to short.
1st target : previous low
2nd target : daily support
final target : weekly support
SL on red line
After impulse up, price consolidating inside the wedge.
And now price break the wedge and pullback to neckline.
Buy now or wait until 61.8 level to complete 2618 trade setup. target on chart.
SL below double bottom