Here we have looked at the supporting and resisting levels of support. Both are shown on the chart clearly to support the movement in which the formation is taken within the chart pattern. We predict an bearish turnout taking a downwards turn in the asian session and continuing this throughout the European and London session.
Bearish Market understood using 'The Fibonacci Sequenced Tool' used to understand the full potential of the distance measured within the market. In this chart we use trend lines wedges and supply/demand regions when supporting specific/respected key levels found in the above. Please feel free to support through messages, comments and LIKES - There are more...
EURCHF - Overview on the 4 hour time frame for EURCHF using the Fibonacci indicator and trend lines as wedged. The trend lines are used to support the formation of the chart and trend direction. They also produce data for false breakouts finding sell entries when the price pivots as represented. (1st publish)