EURCHF inside long term support zone, one more dump

EURCHF might provide a nice short/mid term trade here. Moved a bit up today but at the moment already failing. Been watching it for a few weeks now, think we might be closing in on a nice setup. Assumption is, one more stop hunt as i am showing here on the right. To prevent guessing, i am going to wait for that yellow circle. So want to see a break of the low, see a decent drop but then seeing it hold. Hopefully seeing something what looks like a bear flag, but isn't one. That is what i will wait for.
A second version could be, if this theory plays out, is a V shape low as the red line is showing. That is usually a strong sign as well, would mean we miss the perfect entry, but rather miss perfect entry than gamble.

So something to watch for the coming days.