Hello Traders!
Price of EURCHF is currently on a descending trendline and and strong resistance area.
If the structure is able to hold the price which then could form a bearish double top, we can think of selling the pair.
If resistance is broken, then we can wait for the retest and open long position of the pair.
in either way, I am looking the movement of this pair to make decision of weather to buy it on its break of the resistance or
to sell it if price holds the structure.
What do you think Euro Swiss Franc could do after this?
Price of EURCHF is currently on a descending trendline and and strong resistance area.
If the structure is able to hold the price which then could form a bearish double top, we can think of selling the pair.
If resistance is broken, then we can wait for the retest and open long position of the pair.
in either way, I am looking the movement of this pair to make decision of weather to buy it on its break of the resistance or
to sell it if price holds the structure.
What do you think Euro Swiss Franc could do after this?