Euro / Franc Swiss
Singkat

EUR/CHF (Daily Chart) - Confluence of Bearish Factors

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This pair is probably one of the best shorts at the moment, with many bearish factors lining up.

Firstly, if you zoom out, you can see that it recently completed a bearish H&S reversal pattern, and after a successful breakdown, the price has now come back to test the breakout point.

Second, the breakout point is now a support turned resistance.

Lastly, prices are resisted by a minor bearish trendline and both the 20&50-day EMAs.

I am currently short the full size on this counter.

Good luck!

Penafian

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