I must admit that EURCHF is my Achilles's heel since starting TV. However this pair looks like it is ready to come down.
I like the fact that Week 18 has a high and week 19 has a slightly higher high. This shows that we have a head and shoulders potential for a big move downwards.
I am waiting for the slightly warped shark pattern to complete. Stops MUST go above Week 19 high.
I also see a similar setup in GBPCHF. EURCHF is a very slow pair, so maybe GBPCHF could be a better R:R.
I like the fact that Week 18 has a high and week 19 has a slightly higher high. This shows that we have a head and shoulders potential for a big move downwards.
I am waiting for the slightly warped shark pattern to complete. Stops MUST go above Week 19 high.
I also see a similar setup in GBPCHF. EURCHF is a very slow pair, so maybe GBPCHF could be a better R:R.
Comment:
I am still watching this trade. There is no move down on HSI so this is still a watch for me. I will let the weekly high form and evaluate early next week.
