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.