EURCHF Short Trade Setup
Updated
Hello traders.
I like to take short trade in EURCHF 0.00% . You can see in the picture that we broken daily reversal structure (waves between green lines) and a correction is in the making after down impulse. I hope it will go up more in the first place and break previous top. So the correction will be regular flat (blue lines). It will give us a chance for better entry. But the correction can be contracting flat (yellow lines). Because of this possiblity I put an entry order below last deep with stoploss above previous top.
I like to take short trade in EURCHF 0.00% . You can see in the picture that we broken daily reversal structure (waves between green lines) and a correction is in the making after down impulse. I hope it will go up more in the first place and break previous top. So the correction will be regular flat (blue lines). It will give us a chance for better entry. But the correction can be contracting flat (yellow lines). Because of this possiblity I put an entry order below last deep with stoploss above previous top.
Note
Sorry for the wrong screen. This should be in the chart section:
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