EURCHF Bottom of structure, watch for bullish reversal

18 ביולי 2021

Hi traders:

EURCHF is once again at the bottom of its current continuation flag correction,
and we can be on the look out for some bullish reversal in the lower time frame.

Latest price had a move down to the bottom of the HTF structure,
but is currently consolidating. Possible to form bullish reversal price action correction.

I will be patient and wait for confirmation from the price,
a strong LTF impulse up breaking above the current descending structure and LTF continuation correction to get in the buy.

Alternative price may continue its descending correction,
so no rush here until we see the breakout and continuation price action

Thank you