Euro / Swiss FrancShort
Extreme sentiment, expect pullback then break through support
EURCHF -
Weekly
Recently completed H/S with target ~1.1500 has been sideways to down and broke support last week.
Daily
Down trend : no clear pattern, broke support Thurs/Friday of last week. There is an untested pocket of buy orders
At 1.1160 around current price, from 7/25-7/26
Next level around 1.1092
ADX and RSI at extremes look on lower TF for pullback to resistance
8H
Setups
SZ: 1.1278 - 1.1297 20 pips
Target: 1.1092 180 pips
9:1
4H
SZ: 1.1286 - 1.1297 10 pips
Target: 1.1092 200
20:1
Confluence: Bear indicator on sentiment, strong Sell zone DBD, Great R:R, mid curve,
Weekly
Recently completed H/S with target ~1.1500 has been sideways to down and broke support last week.
Daily
Down trend : no clear pattern, broke support Thurs/Friday of last week. There is an untested pocket of buy orders
At 1.1160 around current price, from 7/25-7/26
Next level around 1.1092
ADX and RSI at extremes look on lower TF for pullback to resistance
8H
Setups
SZ: 1.1278 - 1.1297 20 pips
Target: 1.1092 180 pips
9:1
4H
SZ: 1.1286 - 1.1297 10 pips
Target: 1.1092 200
20:1
Confluence: Bear indicator on sentiment, strong Sell zone DBD, Great R:R, mid curve,
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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.
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.