EURCHF: 2 Scenarios For This Week Explained ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡จ๐Ÿ‡ญ

์—…๋ฐ์ดํŠธ๋จ
์Šค๋ƒ…์ƒท

Update for EURCHF pair.
The market is nicely retracing from a key daily structure resistance.

Analyzing a price action on multiple time frames, I see 2 potential scenarios:
  • Bullish
    If the price breaks 0.979 - 0.982 daily supply area and closes above that
    I will expect a bullish continuation to 0.987 / 0.9915 levels.

  • Bearish
    The market is trading in a global bearish trend and may drop from the underlined blue resistance.
    To catch a trend-following trade from that, watch a triple top formation on 4H time frame.
    0.9755 - 0.9765 is its horizontal neckline. If the price breaks and closes below that on 4H,
    I will expect a bearish move to 0.9727 / 0.9711 levels.


Breakout will clarify the future direction of the pair, so be patient and wait.

What scenario do you expect?

โค๏ธIf you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!โค๏ธ
๋…ธํŠธ
Check my new idea on S&P500:
S&P500 Index (SPY) Your Trading Plan For This Week ๐Ÿ“ˆ
chfDouble Top or BottomEUREURCHFeuroforextraderfxtradingMultiple Time Frame AnalysisSupply and Demandswissfranctrading

โœ…Join My Telegram Channel: t.me/VasilyTrading

โ—๏ธYouTube Channel youtube.com/c/VasilyTrader

๐Ÿ’ฐInstagram: instagram.com/VasilyTrader/ ๐Ÿ’ฐ

โœ…Facebook: facebook.com/VasilyTrading/ โœ…
๋˜ํ•œ ๋‹ค์Œ์—์„œ๋„:

๊ด€๋ จ ๋ฐœํ–‰๋ฌผ

๋ฉด์ฑ…์‚ฌํ•ญ