EURCHF | Strong Reason for Downtrend to Continue
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Initiate Short.
Entry - 1.06000
TP1 - 1.03126
TP2 - 0.99561
TP3 - 0.96515
SL - 1.06841
Reason: Strong Bearish Candle formed strong resistance zone for the price and we see this zone was not beaten. The price can continue declining and lost the whole range of this Bearish candle. Also the price broke out of the range and broke the ichi cloud. If price break S1 we can go short.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Short.
Entry - 1.06000
TP1 - 1.03126
TP2 - 0.99561
TP3 - 0.96515
SL - 1.06841
Reason: Strong Bearish Candle formed strong resistance zone for the price and we see this zone was not beaten. The price can continue declining and lost the whole range of this Bearish candle. Also the price broke out of the range and broke the ichi cloud. If price break S1 we can go short.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
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