Eurchfshort
EURCHF - Bearish flagEURCHF H4
Bearish flag formation
Expecting a decline
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2. The setups given are my own perspective of the forex market and by no means require action!
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@PipsOfPersia
t.me
EURCHF approaching resistance, look out for potential reversal!
EURCHF is approaching its resistance at 1.11463 where it is could reverse down to its support at 1.10905.
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EURCHF ShortWEEKLY:
Last weeks bullish momentum was quashed with a week of bearish pressure failing to make a new high
DAILY:
We’ve seen a break and retest of the bottom of the rising wedge and MACD is starting to turn, indicating lower prices may form.
4HR:
Moving down to the 4hr, we can see a clearer picture of the re-test and rejections below the 200, 50 and 20 ema zones.
1hr:
Further bearish confirmation of a smaller trend line connecting the swing highs. Taking a 38.2% fib entry.