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Euro / Swiss Franc

EUR/CHF Monitoring structure. Currently long to short later...

By Jaye
Updated
I am currently long EUR/CHF. I will be shorting this pair in the future but its not the moment, I'll short around 1.1023 which is the same price at which I will close my current long trade
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The idea still holds and the structure still holds, especially on the daily.This is a perfect example of what "theory vs. reality" is in trading --> you expect one thing to happen and yes it will happen but not how you expect it to happen. good luck ..
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Extend that descending dashed line and you'll see the structure still holds. as long as we stay above that green support and are able to read price movements with a non-biased judgement, everything is good.
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Look at second analysis on my page which gives the daily time frame view. Here the parallel channel was broken but the support is still holding, will be interesting to see the weekly close and daily close at the end of the day.
Chart PatternsEURCHFflowtraderspriceactionTrend Analysis
Jaye

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