EUR/CHF(1HR)
The pair were moving to the upside and formed a key level when failing to push further. We can see various wicking near this area showing price is wanting to reverse, we then saw this happen. Our trendline got broken along with the EMA and new lows being formed. Due to the wicking on the current support level, to enter a short position i would like to see price push up for a retest of our resistance zone and show rejection from this area or break our current support level and retest.
The pair were moving to the upside and formed a key level when failing to push further. We can see various wicking near this area showing price is wanting to reverse, we then saw this happen. Our trendline got broken along with the EMA and new lows being formed. Due to the wicking on the current support level, to enter a short position i would like to see price push up for a retest of our resistance zone and show rejection from this area or break our current support level and retest.