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EricHeng

EURCHF Potential Downtrend

Short
Euro / Franc Suisse (FX:EURCHF)  
EricHeng  
FX:EURCHF   Euro / Franc Suisse
Trend Analysis Trend Lines nakedtrading nakedforex nakedchart nakedchartanalysis Descending Channel downtrend bearflags
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trendanalysis trendline nakedtrading nakedforex nakedchart nakedchartanalysis descendingchannel downtrend bearflags
From the analysis above, it shows a potential downtrend.
In the D1 timeframe, the market is in a descending channel.
The figure above in 1H timeframe, it has shown an impulsive move after it reverses when it touches the D1 Descending channel and it has formed a bear flag (price action within the context of a downtrend).
The TP point can be at the beginning of the descending channel.

Any comments are welcomed. Let me know your opinion.
Thank you.
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