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EURCHF is sitting around a daily support zone so we will be looking for buy setups on lower timeframes.
on H4 / H1: EURCHF formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to take over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, EURCHF would be overall bearish can still trade lower inside the green support.
In this case, we will be looking for new buy setups to form as long as price doesn't break the zone downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF is sitting around a daily support zone so we will be looking for buy setups on lower timeframes.
on H4 / H1: EURCHF formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to take over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, EURCHF would be overall bearish can still trade lower inside the green support.
In this case, we will be looking for new buy setups to form as long as price doesn't break the zone downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT