Thoughts on EURCHF (Bearish possibility)

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Thoughts on EURCHF (Bearish possibility)

Thoughts on EURCHF (Bearish possibility)

Euro Fx/Swiss Franc FX:EURCHF

pinoso

Last week we found a bearish Gartley pattern that hasn’t gotten to the TP1 yet. Since that day, the market has been showed a bearish market on daily time frame. Now on 1H time frame there’s a chance to sell when the price completes the AB=CD pattern or the harmonic pattern which is the bat pattern . The PRZ is located between 1.0445 and 1.04625. I’m expecting a reacting on that zone and an entry when the market shows candlesticks pattern or bounce and then started its rally to the TP. Expected TP would be 1.038 and the other TP would be 1.03518 (which is the gartley pattern frist target).

anyway, I still consider this market bearish at the moment. Just wait for the price to get to the zone and tell us to entry.

Do you have any other ideas? Let me know on the comments.

Source: Thoughts on EURCHF (Bearish possibility)