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Dannicada

EURCHF short idea: analysis and entry

Short
Euro / Swiss Franc (FX:EURCHF)  
Dannicada  
FX:EURCHF   Euro / Swiss Franc
Support and Resistance Pennant Flag
5
2
supportandresistance pennant flagpattern
Monthly:
- down trend
- rejection of previous support now resistance
- 0.618 fib confluence on retracement
snapshot

Weekly:
- rejection of previous support now resistance
snapshot

Daily:
- recent break out of accumulation pattern (pennant)
- retest and rejection
snapshot

4hr (entry):
- bearish flag formed as price approached daily structure
- break out of flag pattern
- retest at previous structure low with 0.618 fib confluence
snapshot
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