EURCHF is consolidating in a fixed range for the last couple of weeks. It is forming a bearish Descending Triangle Pattern (Shown In Chart). According to Chart Pattern, We might see consolidation to the downside in EURCHF , as it is trading at a very strong support Zone . One can initiate the short position only after the breakout from the support zone , and if it bounces back from the support zone , we might see the price move towards the resistance of the triangle pattern .

Thank You.

Vivek_Samale
Vivek_Samale

have half a decade of experience as a trader and enthusiastically learning & developing new strategies and convert it into algorithm trading & also analyzing the companies with ESG method.