Euro / Swiss FrancShort
POTENTIAL SHORT TRADE SET UP FOR EURCHF
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), forming a reversal head-and-shoulders (HS) pattern at the peak of the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern.
Expectation: A downward move is anticipated, targeting the previous swing low area.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), forming a reversal head-and-shoulders (HS) pattern at the peak of the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern.
Expectation: A downward move is anticipated, targeting the previous swing low area.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
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.
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.