EURCHF Clean Bullish Price Action To Buy

6 мая 2021 г.

Hello traders:

EURCHF is at the bottom of its current continuation flag correction, and there is good probability we will get this upside move.

We can see since mid February this year, price had a strong bullish impulse phase, pushing to price way up.

Naturally after a strong impulse, price will need to form correction, and we get this larger flag correction in the making.

Latest price had a move down, but failed to continue after breaking previous lows. A descending channel formed on the LTF also.

I will wait for one last confirmation from the price, a strong LTF impulse up breaking above the descending channel, and continuation correction to get in the buy.

Thank you