Corrective Structure and Two Scenarios on EURCHF
Main items we can see on the chart:
a) The price is currently on a small correction on the edge of a descending trendline
b) We think that a motive wave will come after the breakout of that structure
c) Long Scenario: The price will go towards the next Resistance Zone
d) Short Scenario: The price will go towards the base of the previous compression (yellow lines)
a) The price is currently on a small correction on the edge of a descending trendline
b) We think that a motive wave will come after the breakout of that structure
c) Long Scenario: The price will go towards the next Resistance Zone
d) Short Scenario: The price will go towards the base of the previous compression (yellow lines)