We have a descending triangle that has been broken with a Bearish impulse, would be expecting a pull back to the baseline for a continuation to the downside
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Faileld trade, The correction was a bullish correction for price to continue to the upside to meet the upper trendline
I agree with your bearish view on EURCHF. Our trading signal idea is also of the same bias. It broke past its horizontal swing low support turned resistance line that was at a 61.8% Fibonacci extension, this concludes our bearish bias. It seemed to have retraced back to our sell entry and we look to see a further move down.
fxmchenry
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@FXCM-EDU, Good analysis. It seems to be playing out well so far.