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chiefcapitalfx

6th of May chf/eur bearish set up.

Corto
SWISS FRANC / EURO (FX_IDC:CHFEUR)  
chiefcapitalfx  
FX_IDC:CHFEUR   SWISS FRANC / EURO
Trend Analysis Chart Patterns CHFEUR Bearish Patterns Bullish Patterns shorttermbiasbearish longtermbiasbullish Support and Resistance support 1hr 4hr
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trendanalysis chartpattern chfeur bearish bullish shorttermbiasbearish longtermbiasbullish supportandresistance support 1hr 4hr
If you saw my previous analysis of this pair, I went short on this from the recent rejection of weekly resistance (purple). Price has now come to support (purple) and has tested this 4hr area (yellow). Waiting on price to drive lower towards weekly support so I can go long but the setup at the moment is bearish.

short term bias of trade is bearish but long term bias is 100% bullish if price drives lower from 4hr resistance zone (yellow).


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