Highly Potential upward movement on EURCHF
Updated
Price has been moving inside a weekly falling wedge and recently reversed from the bottom of it by showing a strong weekly divergence. On hourly chart, it has made double bottom and broke its hourly structure with another divergence on hourly chart. Additionally the breakout has been retested and we are looking for more bullish movement to enter a long position on this pair.
We are waiting for breakout the current hourly corrective structure as the confirmation to enter the position.
Will update the idea in case of breakout.
We are waiting for breakout the current hourly corrective structure as the confirmation to enter the position.
Will update the idea in case of breakout.
Note
Price has been aggressively moved down to the support zone again with more strong divergence. This momentum has been made a triple bottom and expected to have a bullish movement again. Still waiting for breakout as our confirmation to enter the long position.Will update the idea again accordingly.
Order cancelled
Price has been moved downward and broke the strong support zone.We did not enter any position due to lack of confirmation and the idea is not valid any more.
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