Potential Bullish Bias Developing
Looks like EURCHF has a recent double Equal Highs in place.
Today, it went below the last significant Low which may have been just a stophunt.
If there is some form of fractal change of character, I will be very confident that we will hit Equal Highs before breaching the Invalidation Level and continuing lower.
I marked "Nearest Structure". After we get above the level, I will anticipate the price to go slightly lower into premium and open a long. Before that happens, any entry could be considered "aggressive"!
Today, it went below the last significant Low which may have been just a stophunt.
If there is some form of fractal change of character, I will be very confident that we will hit Equal Highs before breaching the Invalidation Level and continuing lower.
I marked "Nearest Structure". After we get above the level, I will anticipate the price to go slightly lower into premium and open a long. Before that happens, any entry could be considered "aggressive"!
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