EURCHF pair in past week is in down trend. Formed bearish divergence on RSI coupled with Rising wedge pattern and we entrered the position at the breakdown of the wedge.
Now applying the harmonics it is forming a Bullish Harmonics ABCD Pattern with projection of PRZ (Potential Reversal Zone) at major key level where the pair had previous consolidated before the previous up move.
Trade Plan:
For time being we can carry our short on the pair and watch how the price action respond at PRZ.
Now applying the harmonics it is forming a Bullish Harmonics ABCD Pattern with projection of PRZ (Potential Reversal Zone) at major key level where the pair had previous consolidated before the previous up move.
Trade Plan:
For time being we can carry our short on the pair and watch how the price action respond at PRZ.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.