Recently we spotted a bearish breakout of major horizontal structure support on EURCHF on a daily.
Being very bearish biased I was patiently watching the price action on intraday timeframes.
On 2H chart, the price is currently consolidating.
The market is perfectly stuck within a horizontal trading range.
To catch a bearish continuation with a confirmation,
wait for a bearish breakout of a support of the range (you need a candle close below).
It will be a solid trigger.
Next goal will be 0.705
In case of a bullish breakout of the range, the setup will be invalid
and I won't trade.
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
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.