EURCHF breaks multi channel
Chart says it all, if you have questions feel free to ask in the comments.
Ascending Triangle forming to break out from the multi year descending channel. We hit the resistance zone and the turned right around to confirm the channel break. We have confirmed the channel as support on the lower time frames. What we are looking for now is a weekly close on or outside the channel.
Bullish target indicated by the grey box which lines up with the Ascending Triangle Target, the weekly 200 sma, and the fibs.... I love confluence.
Ascending Triangle forming to break out from the multi year descending channel. We hit the resistance zone and the turned right around to confirm the channel break. We have confirmed the channel as support on the lower time frames. What we are looking for now is a weekly close on or outside the channel.
Bullish target indicated by the grey box which lines up with the Ascending Triangle Target, the weekly 200 sma, and the fibs.... I love confluence.
Note
Absolutely massive breakout over the past week. We're now targeting the next area highlighted in greyNote
A Touch and perfect rejection at our grey supply zone
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.