Highly Potential upward movement on EURCHF

2020-02-09 19:00:40

Price has been moving inside a weekly falling wedge and recently reversed from the bottom of it by showing a strong weekly divergence. On hourly chart, it has made double bottom and broke its hourly structure with another divergence on hourly chart. Additionally the breakout has been retested and we are looking for more bullish movement to enter a long position on this pair.
We are waiting for breakout the current hourly corrective structure as the confirmation to enter the position.
Will update the idea in case of breakout.