EURCHF Daily 12/15/19
EURCHF Short Idea
This pair is still very bearish on higher time-frames. Price action rejected the daily 38.2% fib level and has been forming lower highs.
Last week we saw a surge in volume from the bulls after news followed by quick rejection leaving a giant daily wick, this clearly shows huge bearish volume is present
Ideally we would like to see a break and retest of this pattern and the lower trendline before we can target lower
Upon a break and retest we will look to target toward the 0% daily fib level which is around 100-110 pips lower
If price action continues to push down we are looking to target our major weekly support level around 1.06750 which is about 240-250 pips lower
This pair is still very bearish on higher time-frames. Price action rejected the daily 38.2% fib level and has been forming lower highs.
Last week we saw a surge in volume from the bulls after news followed by quick rejection leaving a giant daily wick, this clearly shows huge bearish volume is present
Ideally we would like to see a break and retest of this pattern and the lower trendline before we can target lower
Upon a break and retest we will look to target toward the 0% daily fib level which is around 100-110 pips lower
If price action continues to push down we are looking to target our major weekly support level around 1.06750 which is about 240-250 pips lower
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.