EURCHF set a new higher high higher close on a daily last week. Then the price retraced to strong horizontal structure support. From that, I am looking for a confirmation to buy.
On 4H time frame, I spotted a double bottom formation. I will buy the pair after the breakout of a neckline. We need a 4H candle close above 1.0425 - 1.0445 zone to confirm the breakout.
Then a bullish continuation will be expected. Initial target will be 1.05
If the price sets a new lower low on 4H, the setup will be invalid.
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