Extreme sentiment, expect pullback then break through support
EURCHF -
Weekly
Recently completed H/S with target ~1.1500 has been sideways to down and broke support last week.
Daily
Down trend : no clear pattern, broke support Thurs/Friday of last week. There is an untested pocket of buy orders
At 1.1160 around current price, from 7/25-7/26
Next level around 1.1092
ADX and RSI at extremes look on lower TF for pullback to resistance
8H
Setups
SZ: 1.1278 - 1.1297 20 pips
Target: 1.1092 180 pips
9:1
4H
SZ: 1.1286 - 1.1297 10 pips
Target: 1.1092 200
20:1
Confluence: Bear indicator on sentiment, strong Sell zone DBD, Great R:R, mid curve,
Weekly
Recently completed H/S with target ~1.1500 has been sideways to down and broke support last week.
Daily
Down trend : no clear pattern, broke support Thurs/Friday of last week. There is an untested pocket of buy orders
At 1.1160 around current price, from 7/25-7/26
Next level around 1.1092
ADX and RSI at extremes look on lower TF for pullback to resistance
8H
Setups
SZ: 1.1278 - 1.1297 20 pips
Target: 1.1092 180 pips
9:1
4H
SZ: 1.1286 - 1.1297 10 pips
Target: 1.1092 200
20:1
Confluence: Bear indicator on sentiment, strong Sell zone DBD, Great R:R, mid curve,
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