Euro / Franc SwissPenjualan
EURCHF short idea: analysis and entry
Monthly:
- down trend
- rejection of previous support now resistance
- 0.618 fib confluence on retracement
Weekly:
- rejection of previous support now resistance
Daily:
- recent break out of accumulation pattern (pennant)
- retest and rejection
4hr (entry):
- bearish flag formed as price approached daily structure
- break out of flag pattern
- retest at previous structure low with 0.618 fib confluence
- down trend
- rejection of previous support now resistance
- 0.618 fib confluence on retracement
Weekly:
- rejection of previous support now resistance
Daily:
- recent break out of accumulation pattern (pennant)
- retest and rejection
4hr (entry):
- bearish flag formed as price approached daily structure
- break out of flag pattern
- retest at previous structure low with 0.618 fib confluence
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