Interviews
EURCHF
Conventionally an ascending triangle breaks out on the upside. However, one that occurs within a downtrend should be approached with caution.
SUMMARY.
Patiently wait and follow the price in the direction of the breakout.
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.
EURCAD
Breakout on the upside of a descending channel within an uptrend is a good continuation indicator of the 11 month uptrend.
SUMMARY.
Zooming in to a lower timeframe will give you a better position to time the entry to the potential bull rally following price action confirmation.
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.
EURCHF
Evidence of a descending channel as price is breaking out of a rectangle pattern is testament to trading confluence.
SUMMARY.
Further price action confirmation to signal whether to join a bear market .
Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.