EURCHFfollowing the trajectory as expected. Now waiting for it to show my a rejection, and then go long!
Eufchf
EURCHF ShortWEEKLY:
Last weeks bullish momentum was quashed with a week of bearish pressure failing to make a new high
DAILY:
We’ve seen a break and retest of the bottom of the rising wedge and MACD is starting to turn, indicating lower prices may form.
4HR:
Moving down to the 4hr, we can see a clearer picture of the re-test and rejections below the 200, 50 and 20 ema zones.
1hr:
Further bearish confirmation of a smaller trend line connecting the swing highs. Taking a 38.2% fib entry.
EURCHF H4 LongEUFCHF: After a relatively long consolidation period of 2 months, an ascending channel has recently been confirmed, starting Sept 2018 with 3rd touch of lower parallel this week. After initial break-out & retest, I am waiting on breakout of counter-trend TL to confirm long entry. Target at Nov 18 / Feb 19 swing high.
