eurchf dropped ~ 950 pips between 4-Jul and 18-Jul.
last week's high at 11890 marked the completion of a 50 % retrace of that fall. from there we see a resumption of the down move.
staying with the downward direction, a bearish flag formed across today's open, S1 and 11675.
entry: 11673 (upon breakout)
exit : 11628 (near mS2 and 11625 upon consolidation)
last week's high at 11890 marked the completion of a 50 % retrace of that fall. from there we see a resumption of the down move.
staying with the downward direction, a bearish flag formed across today's open, S1 and 11675.
entry: 11673 (upon breakout)
exit : 11628 (near mS2 and 11625 upon consolidation)