Eurchf reversal pattern
right at the end of the parallel channel market is seen to be breaking out of a small consolidation inside the parallel channel and i would wait for a clear continuation and a reduced risk entry at the breakout of the higher time frame descending channel which has a much higher chance of profit because even though it broke out of the consolidation reversal market might still play around inside the channel . so breaking out of the whole channel with a clear continuation pattern so i would ride along the bullish structure .
impulse
correction ( parallel channel )
impulse ( breakout and entry )
impulse
correction ( parallel channel )
impulse ( breakout and entry )
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.