Reasons for a possible sell opportunity 1. Overall long term bearish trend 2. Break and retest 3. Bearish confirmation candles around resistance 4. EURCHF already lead the way in falling (Correlated positively) 5. EMA (200) bearish confirmed 6. Bearish Flag breakout 7. Sentiment research mostly buys
Key Area broken and was tested. We are expectant of this level to be respected and price to rally to the upside. Overall we have a ascending triangle break which represents bullish continuation bias.
This pair has been respecting and playing around yellow area support/Resistance . I am hoping and expecting it will continue with this and start to fall back to lower trendline . Besides the support resistance area I have noticed a bearish flag pattern and is also around a key Fib level. Price is currently in the a fourth wave of the Elliot wave principle ...