Recently we spotted a bearish breakout of major horizontal structure support on EURCHF on a daily.
Being very bearish biased I was patiently watching the price action on intraday timeframes.
On 2H chart, the price is currently consolidating.
The market is perfectly stuck within a horizontal trading range.
To catch a bearish continuation with a confirmation,
wait for a bearish breakout of a support of the range (you need a candle close below).
It will be a solid trigger.
Next goal will be 0.705
In case of a bullish breakout of the range, the setup will be invalid
and I won't trade.
Being very bearish biased I was patiently watching the price action on intraday timeframes.
On 2H chart, the price is currently consolidating.
The market is perfectly stuck within a horizontal trading range.
To catch a bearish continuation with a confirmation,
wait for a bearish breakout of a support of the range (you need a candle close below).
It will be a solid trigger.
Next goal will be 0.705
In case of a bullish breakout of the range, the setup will be invalid
and I won't trade.
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