Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on H4: Left Chart EURCHF is overall bearish trading below the red trendline so we will be looking for trend-following sell setups on lower timeframes.
on M30: Right Chart EURCHF is forming a potential head and shoulders pattern but it is not ready to go yet.
For the bears to take over, we need a new swing high to form to complete the head and shoulders and then a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, EURCHF would be overall bullish and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
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