Petersons Trading journals . Vist and get enough annaylisis
The market of the EUR against the Chf pair is trying to move higher and bullish movement should take place but as the major trend in the D1 chart is looking at indeed ion pressure and the price will follow that major trend and bearish movement will take place strongly on the major pair EURCHF so i am making selling idea for this pair and i am agree with you analysis made for this pair.
Mt5rocks Trading journal
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Higher timeframe analysis shows strong bearish movement in this pair as well as good structure formation as price action has rejected the daily 38.2% fib level
Taking a closer look on the 4 hour timeframe we have seen higher lowers being broken and lower highs forming which suggests more bearish volume is coming
Based on 4hour fibs we’re looking for price action to keep pushing lower from the current level and/or retest the 4hour 38.2% fib level around 1.09640
From this area we’re looking for bearish setups to then target toward the -27.2% fib level around 1.09000 and potentially even lower toward our next major support levels