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EURCHF forming a bearish crab reversal, keep an eye on this idea

Short
Euro / Swiss Franc (FX:EURCHF)  
Tickmill Broker  
FX:EURCHF   Euro / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns EURCHF EUR chf eurchfshort eurchflong eurchfsell eurchfbreakout eurchfsignal eurchfforecast
140
4
trendanalysis harmonicpatterns chartpattern eurchf eur chf eurchfshort eurchflong eurchfsell eurchfbreakout eurchfsignal eurchfforecast

EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support).

Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.

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