Previously we traded EURCHF because of a harmonic pattern on mother's day. It made a M pattern and now it is retesting the resistance. Down there, we have a trend line that was broken. Technically speaking, neither of them gave the proper retest, and neither of them has completed their target, so both of them are valid. Right now the M pattern is in the entry point. I'm going to wait for the price to give me bearish candlesticks patterns in order to enter. Right now I see the market bearish.
If everything goes as planned, we may expect the price to bounce at the trend line.
If everything goes as planned, we may expect the price to bounce at the trend line.