EUR.CHF - Multiple Confluence Factors @ 1.1700

Currency Pair: EUR.CHF
Time Frame: Daily, 4hr & 1hr
Predicted Direction: Long

Live EUR.CHF updates will be available in the comments section below

Kommentar:

Kommentar:

A textbook pullback has now started on the 15min and 1hr TF
Awaiting to see how price reacts as it approaches the 50EMA & 38.20%

Kommentar:

This chart setup is a prime example as to why multi-timeframe analysis is key.
Looking at the 4hr chart a pullback to the key levels is giving an indication that a setup could occur, however looking at the Daily it has formed a clear high test ( reversal candle )

The daily candle for me invalidates the setup.