EURCHF Ready to Roll Over?
It isnít the prettiest head and shoulders pattern Iíve seen, but it could be one nonetheless. Iím referring to the EURCHF price action since late last year. It isnít very clear from the daily time frame, but the weekly illustrates it quite well. As you can see from the chart below, we have a relatively aggressive uptrend that began in February of 2017. The bullish momentum started to falter in January 2018 which carved the left shoulder. But buyers didnít fall apart entirely until May of this year. Thatís when the head of this structure began to form. And last but not least, the right shoulder developed throughout July. ... (full story)
- Posted: Nov 8, 2018 6:33pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 438