EURCHF might provide a nice short/mid term trade here. Moved a bit up today but at the moment already failing. Been watching it for a few weeks now, think we might be closing in on a nice setup. Assumption is, one more stop hunt as i am showing here on the right. To prevent guessing, i am going to wait for that yellow circle. So want to see a break of the low, see a decent drop but then seeing it hold. Hopefully seeing something what looks like a bear flag, but isn't one. That is what i will wait for.
A second version could be, if this theory plays out, is a V shape low as the red line is showing. That is usually a strong sign as well, would mean we miss the perfect entry, but rather miss perfect entry than gamble.
So something to watch for the coming days.
A second version could be, if this theory plays out, is a V shape low as the red line is showing. That is usually a strong sign as well, would mean we miss the perfect entry, but rather miss perfect entry than gamble.
So something to watch for the coming days.
Note
Playing out to the point so far, now waiting to hopefully see some kind of sign to be able to go long at the low. At the moment nothing yet, but should happen within a few hours up to a day or 2 i thinkNote
Bit meaningless so far, but maybe this small push is the start. Now we want to see one of these 2 blue lines. I am putting in 33% now with a stop level below the green. Going to wait some more for the next 33%. The third 33% i will add if we really start to move upNote
New EURCHF analysis, Update on previous one, taking some form now
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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.