Scenario A : Bullish Case : If zone blue holds,theres honestly not much keeping this pair from testing 1,20 in the coming weeks/months as long as we can get hold and get past that clustered area.
Scenario B : If zone yellow breaks and invalidates the ascending channel which has been in place since it initially provided a floor for the CHF flash crash of 2015, this pair could literally bleed all the way back to that Macron 2017 gap and have some contact with trend red which initially provided the resistance which crashed the CHF in 2015.
Again this is just some insight that you guys can use as reference ingredients which you can add to your trading recipe.
Scenario B : If zone yellow breaks and invalidates the ascending channel which has been in place since it initially provided a floor for the CHF flash crash of 2015, this pair could literally bleed all the way back to that Macron 2017 gap and have some contact with trend red which initially provided the resistance which crashed the CHF in 2015.
Again this is just some insight that you guys can use as reference ingredients which you can add to your trading recipe.