Euro / Swiss FrancShort
EURCHF short idea: analysis and entry
Monthly:
- down trend
- rejection of previous support now resistance
- 0.618 fib confluence on retracement
Weekly:
- rejection of previous support now resistance
Daily:
- recent break out of accumulation pattern (pennant)
- retest and rejection
4hr (entry):
- bearish flag formed as price approached daily structure
- break out of flag pattern
- retest at previous structure low with 0.618 fib confluence
- down trend
- rejection of previous support now resistance
- 0.618 fib confluence on retracement
Weekly:
- rejection of previous support now resistance
Daily:
- recent break out of accumulation pattern (pennant)
- retest and rejection
4hr (entry):
- bearish flag formed as price approached daily structure
- break out of flag pattern
- retest at previous structure low with 0.618 fib confluence
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.