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on DAILY: EURCHF is sitting around a strong resistance (in blue) and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: EURCHF formed a wedge pattern in red so we are waiting for a new swing low to form around our lower red trendline to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
on DAILY: EURCHF is sitting around a strong resistance (in blue) and brown trendline so we will be looking for sell setups on lower timeframes.
on H4: EURCHF formed a wedge pattern in red so we are waiting for a new swing low to form around our lower red trendline to consider it our trigger swing.
Trigger: Waiting for a momentum candle close below the gray area to sell.
and until the sell is activated, this one would be overall bullish and can still dive inside the blue zone.
As price approaches our lower brown trendline, we will be looking for buy setups.
Good luck!
This analysis is done using RichTL
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT