EURCHF Continues Downward: Sell The Retest of Structure!
Here we have a great opportunity to short the Euro Swiss.
After a clear Double Top and bearish break of an Ascending Support with clear Oversold RSI + Divergence, we can expect the pair to continue its move downward.
I will look to sell the retest of the 1.142 level of structure--a level that has nice confluence with the . 382 retracement of the current impulse leg.
My initial target will be the 1.3575 level, which again shows strong confluence with the 1.272 extension of the current impulse leg.
After a clear Double Top and bearish break of an Ascending Support with clear Oversold RSI + Divergence, we can expect the pair to continue its move downward.
I will look to sell the retest of the 1.142 level of structure--a level that has nice confluence with the . 382 retracement of the current impulse leg.
My initial target will be the 1.3575 level, which again shows strong confluence with the 1.272 extension of the current impulse leg.