EURCHF SWING TRADE UPDATE
MONTHLY:
We are stilll overall bearish in this market.
In January 2015 we hit an all time market low around .96 cents. April 2018 we hit a high of 1.20. Price has decreased since then and found support around 1.05. Since then we have found resistance at price around 1.08500. I suggest that price will break resistance, and continue bullish till arouns 1.10 before heading back down.
As you can see i spotted a potential head and shoulders pattern forming on this timeframe.
WEEKLY:
The weekly is considered Bullish and is seeking new highs with an increase in volume to the upside.
I found a GARTLEY pattern forming as well. Considering the market is bullish, there will be a break of next structure to reach the 1.272 extention from the A to B leg.
DAILY:
We are considered bullish on the daily as well, and after breaking previous 4HR resitance structure, we will most likely see a retest then continue up to complete GARTLEY pattern.
GOOD TRADING.
We are stilll overall bearish in this market.
In January 2015 we hit an all time market low around .96 cents. April 2018 we hit a high of 1.20. Price has decreased since then and found support around 1.05. Since then we have found resistance at price around 1.08500. I suggest that price will break resistance, and continue bullish till arouns 1.10 before heading back down.
As you can see i spotted a potential head and shoulders pattern forming on this timeframe.
WEEKLY:
The weekly is considered Bullish and is seeking new highs with an increase in volume to the upside.
I found a GARTLEY pattern forming as well. Considering the market is bullish, there will be a break of next structure to reach the 1.272 extention from the A to B leg.
DAILY:
We are considered bullish on the daily as well, and after breaking previous 4HR resitance structure, we will most likely see a retest then continue up to complete GARTLEY pattern.
GOOD TRADING.
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