EUR.CHF - Multiple Confluence Factors @ 1.1700

FX:EURCHF   Euro Fx/Swiss Franc
Currency Pair: EUR.CHF
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Long

Live EUR.CHF updates will be available in the comments section below
Komen: A textbook pullback has now started on the 15min and 1hr TF
Awaiting to see how price reacts as it approaches the 50EMA & 38.20%
Komen: This chart setup is a prime example as to why multi-timeframe analysis is key.
Looking at the 4hr chart a pullback to the key levels is giving an indication that a setup could occur, however looking at the Daily it has formed a clear high test ( reversal candle )

The daily candle for me invalidates the setup.
Hi Tom, that´s awesome, where are u looking ema 50 bounce and break TL ? in 15m? or 4h?...I don´t understand, so it seems you just wait retest 38 fib and 50EMA in 4H, and then TL and then break once have a support on 4H ema right?. Thanks a lot!, awesome work
TomHall Danidiaz1977
@Danidiaz1977, Hi,

On the surface that is correct yes, the entry is discretionary and not robotic as i use many more indicators that are not visible on the screen.
Take the info your wrote above and do some research to see what works for you and your trading style.
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