EURO SWISSY FLAG TIME ?

Good evening Dynamic Traders,

Last nights post defied all the confluences but did not trigger , so if you where at your computor when the support zone was breached you could have used your ESLT to trade to the downside and congatulations if you did this.

Tonights chart is the EURCHF , and on the daily chart below we have a possible bearish flag which has a doji as the extreme candle and is in proximity to a RN and could also be forming the right shoulder of a possible H&S pattern.

If you then go down to the hourly timeframe we have a possible 123886 with your divergences in evidence , together with an OB stochastic .

Remember to plan your entry as to be in keeping with your trading style , that is either aggressive , intermediate or conservative , stick to your plan , and as always please do your own analysis .

Good luck with your trading .

Charts courtesy of TradeStation.

Happy Trading.

Clayton Farnworth.