EURCHF_Ascending Channel_Waiting for the Retest

This market has been in a solid up trending channel since August 2017. Recently price has broken out of the channel and closed the week below showing solid signs of weakness.

These formations almost always show confirmation before playing out. A push up here would serve to stop out all traders who shorted prematurely and allow us to get the best entry possible.

Since August 2017 we've been in an uptrend. Like EURUSD , we can assume EURCHF trades higher when DXY trades lower. Even though this formation looks strong I will need to see EURUSD pull away from the highs before I trade this short. If EURUSD is due for a pullback this opportunity will be superior .

I personally thing EURUSD could go just a little higher, which would push this market to our entries.

Waves aren't exact, just show our intentions. Also check out the monthly stochastics on the chart posted below in the comments. I will be posting entries exits and comments so stay in tune!

If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Oanda data shown. Material is educational only. Trade at your own risk!

ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出