Euro / Swiss Franc EURCHF

D1: - Structure: Downtrend - SHS pattern, broken neckline - Tendency: Downward --> pullback to Resistance ---> Waiting signal--> Sell

EUR CHF will be go up to Fibo 38.2 % lable...

What do you think?

Too much sell orders created this move down and we should get some bounce when price will get back there

That is how I see it, more or less. Price should pull back before it will rise again. 38 FIB is pretty safe target. Once price hits 38 FIb there will be a reaction. Price is forming a sort of bullish falling wedge. Once wedge is formed there should be breakout to 0.23 Fib.

Edited Update

on lower time frame , it miss one more downside to come at low of pattern . at this point i will observe if break with correction for sell , or reverse with impulse and correction for buy

eurchf waiting for one more down for look at bottom if break the pattern for more downside or going to reverse

tell us if anybody has another idea

Move prices like arrows

Basically no argue in this count due to impulsive price action. OANDA:EURCHF

Price coming to support level potentially rebound. price also on bullish shark territory and RSI oversold. best entry on smaller timeframe.

SELL eur chf patterns BAT sell

Looking at EURCHF, I hope this pair falls to my Buy Limit order to get long on the 1D shark pattern for this pair.

As described in the chart

small trade active

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SELL