If we look at the EURCHF pair, we can see the pair have just broken out of the wedge pattern, and could now be targeting the previous high. It seems the pair has just finished a 1.2.3 pattern after breaking out of the wedge. I would wait to see if the pair break above & close above before buying.
Note
Although the EURCHF pair pulled back a little deeper than I thought it would, it is now nearing the top with Bearish Divergence. I think if we do get a move lower, we could try to close the gap.
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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.