EURCHF Ascending Broadening Wedge, Fanning of Moving Averages
Ascending Broading Wedge is low on probabilities of bullish reversal, but it does happen and has historically with this pair.
However, the price action typically moves down further as a false sell off before a reversal.
Bulkowski
The confluence of the fanning of the moving averages is also historical and a good indicator of a potential trend reversal.
The RSI is not totally clear.
MACD is rolling downward.
D1 is due for a retracement and already attempting, but daily pinbar shows heavy bearish.
Fundamentals might get in the way! (Brexit)
Be patient with this one. Look for a 4h candle close above the 50ma. Even then ...
Ascending Broading Wedge is low on probabilities of bullish reversal, but it does happen and has historically with this pair.
However, the price action typically moves down further as a false sell off before a reversal.
Bulkowski
The confluence of the fanning of the moving averages is also historical and a good indicator of a potential trend reversal.
The RSI is not totally clear.
MACD is rolling downward.
D1 is due for a retracement and already attempting, but daily pinbar shows heavy bearish.
Fundamentals might get in the way! (Brexit)
Be patient with this one. Look for a 4h candle close above the 50ma. Even then ...
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.