a.b

EURCHF - Consolidation opportunity

FX:EURCHF   Euro / Franc Swiss
After a significant downtrend from 1.20 down to below 1.00, the EURCHF pair is now consolidating on the daily timeframe.
Similarly, the Sentiment Index at the bottom is consolidating.

Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation).

The opportunity now is to trade the pair within the consolidation considering it's very large and clearly identifiable.

Remember to stay patient and always look for confirmation from the indicators!

🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻

📈 MINIMALIST TRADING INDICATORS

💚 1-Week FREE Trial: minimalisttrading.com
❤️ Trading videos (YouTube): bit.ly/MT-Channel

🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺🔺
Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.