Waiting for a correction on EURCHF by ThinkingAntsOk
Main items we can see on the chart:
a)The price made a reversal movement after reaching a major support zone (check the daily chart)
b)Currently, the price is facing a descending trendline, after two clear impulses and two clear corrections
c)Based on that we will expect a correction similar to the two previous ones (purple lines) on the current trendline
d)Our Bullish Target will be the next descending trendline.
DAILY CHART:
a)The price made a reversal movement after reaching a major support zone (check the daily chart)
b)Currently, the price is facing a descending trendline, after two clear impulses and two clear corrections
c)Based on that we will expect a correction similar to the two previous ones (purple lines) on the current trendline
d)Our Bullish Target will be the next descending trendline.
DAILY CHART:
