EURCHF: Previous Structure & Valid Slope Show Shorts
Price clearly in a downtrend, has pulled back and it's now testing a level where we have previous structure along with a slide parallel of a valid slope median line which has acted as resistance several times. At that level we may start watching for a sell setup to complete based on our strategy.
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It looks like price is breaking above the slide parallel. Till it reaches the upper parallel of the pitchork we look for no shorts. No need to say that this idea is no longer active. Once again we have a good expample why we need a setup before getting involved in markets. No setup, we move on..!
