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YongLiang
18. Febr. 2017 14:37

EUR/CHF, DAY CHART, SHORT (18-FEB-2017) Short

EUR/CHFOANDA

Beschreibung

200-EMA is pointing downward and prices are below
200-EMA, it mean the long term trend is on the
bearish side.

20 & 50-EMA also trending downward.

Now there is descending triangle consolidation
pattern, trying to push the price down the
"Buyer's Stop Loss Position".
Once this level was broken, expected the price
will fall lower.

From price action, in the consolidation pattern,
the selling pressure is greater than buying pressure.

From COT report,
for CHF, more non-commercial positions added to
the long side
for EUR, more non-commerical positions added to
the short side.

Trend Following + Price Action + COT report
are confluence to short EUR/CHF pair.

Here are 2 trading pairs for you:
1. To short when price break the "Buyer's stop
loss position"
2. If price pull back to previous resistance level,
wait for bearish signal to short
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