EURCHF OVERRVIEW

Tendency: Temporary Downtrend ( Bearish )
Structure: Descending Channel
Observation: i. Connecting the lower highs and lower lows of price action with parallel trendlines depicts and confirms our Descending channel illustrated on the chart.
ii. Descending channel crashing into Demand zone.
iii. Price below our Moving Averages.
Trading plan: SELL opportunity with a minimum potential profit of 450 pips.
Risk/Reward: 1/3
Potential Duration: 15 to 20 days

Watch this space or Telegram channel for updates on lower time frames as price action is been monitored.


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