EURCHF breaks multi channel
Chart says it all, if you have questions feel free to ask in the comments.
Ascending Triangle forming to break out from the multi year descending channel. We hit the resistance zone and the turned right around to confirm the channel break. We have confirmed the channel as support on the lower time frames. What we are looking for now is a weekly close on or outside the channel.
Bullish target indicated by the grey box which lines up with the Ascending Triangle Target, the weekly 200 sma, and the fibs.... I love confluence.
Ascending Triangle forming to break out from the multi year descending channel. We hit the resistance zone and the turned right around to confirm the channel break. We have confirmed the channel as support on the lower time frames. What we are looking for now is a weekly close on or outside the channel.
Bullish target indicated by the grey box which lines up with the Ascending Triangle Target, the weekly 200 sma, and the fibs.... I love confluence.
Nota
Absolutely massive breakout over the past week. We're now targeting the next area highlighted in greyNota
A Touch and perfect rejection at our grey supply zone
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Like it if you like it, and comment if you have a question. I'm happy to answer!
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
***This is a reflection of my own educated opinion and should not be viewed as financial advise, please use this for educational purposes only.***
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.