EURCHF Bearish Butterfly
A few days ago I published an Idea "EURCHF Bearish Butterfly Pattern OR Descending Triangle".
I now have more and more reason to believe we're at the top of a bearish butterfly :
- Stochastic overbought
- Slight bearish divergence
With all the announcement expected tomorrow for the Euro zone, I'll follow the news and if it's bearish I'll sell on the breakout of my trendline.
PS : Once again I'm playing around with Fibonacci time zone. In this case, the 8th retracement (or whatever it's called) roughly coincide with the Euro zone stats anouncement, pretty sure we'll see big price movement.
I now have more and more reason to believe we're at the top of a bearish butterfly :
- Stochastic overbought
- Slight bearish divergence
With all the announcement expected tomorrow for the Euro zone, I'll follow the news and if it's bearish I'll sell on the breakout of my trendline.
PS : Once again I'm playing around with Fibonacci time zone. In this case, the 8th retracement (or whatever it's called) roughly coincide with the Euro zone stats anouncement, pretty sure we'll see big price movement.
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