List of confluences:
1: Rising Wedge Breakout
2: Trendline Breakout
3:Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that EURCHF remains in a strong down trend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 3 reasons as to why we will be looking to short/ sell the pair. We are expecting a potential return of between 6.35% to 12.7% at 1 - 2 % risk per trade.
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