EURCHF 12/21/19 Daily Analysis
EURCHF Short Idea
Higher time-frame analysis shows that price action has been very bearish and seems to be continuing the bearish trend on the daily
Here we have seen a confirmed rejection of the 38.2% fib level and now lower highs are forming consistently.
We are now looking to enter short on this pair as it has dropped out of the pattern and looks to be heading south
Ideally a retracement to broken structure and a key lower time frame fib level would make for a great short opportunity
Higher time-frame analysis shows that price action has been very bearish and seems to be continuing the bearish trend on the daily
Here we have seen a confirmed rejection of the 38.2% fib level and now lower highs are forming consistently.
We are now looking to enter short on this pair as it has dropped out of the pattern and looks to be heading south
Ideally a retracement to broken structure and a key lower time frame fib level would make for a great short opportunity
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