HERE WE HAVE A SETUP FOR EURCHF. PRICE IS COMING TO A KEY SUPPLY/DEMAND ZONE AND PRICE ACTION IS SUGGESTING MOMENTUM FROM A BEARISH BIAS IS SLOWING DOWN, I'D LIKE TO SEE STRONG PRICE ACTION ON A 4HR TIMEFRAME OR HIGHER TO CONFIRM THE BULLS COMING BACK INTO THE MARKET AND THUS TAKING THE LONG POSITION.
Candles have climbed into the bollinger bands, bands tightening, waiting for the PSARs to flip over, TP set at 50ma on the daily chart,
price is coming up on a resistance level and sound then begin the reversal,
any feedback is always great
EURCHF COMPLETED HEAD AND SHOULDERS PATTERN FORMED ON DAILY AND 4HR, PRICE ACTION SUGGESTS AREA IS RESPECTED AND A BRILLIANT 4HR INVERTED HAMMER IS DEVELOPING ON THE 4HR CANDLE ENDING AT 6PM. 4 TO 1 RETURN FOR RISK, ENTRY AND TP DISPLAYED ON CHART. GOOD LUCK!
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Projections may be subject to failure.