EURCHF: Classic Wyckoff Pattern 🇪🇺🇨🇭

13 ביוני 2023

Traders, I see a classic Wyckoff accumulation pattern on a daily time frame on EURCHF.
After a strong bearish wave, the market started to trade within a horizontal trading range.
Even though, the price set a new low, consolidating, the market managed to return to the upper boundary of the range.

Yesterday, a high momentum bullish candle was formed.
The market successfully broke and closed above the range's resistance.

It makes me think that the described consolidation was the accumulation stage and a bullish movement is coming.
Goals: 0.9813 / 0.9848


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