EURCHF POTENTIAL SHORT OPPORTUNITY (1D AND 1W CHARTS)
Updated
EURCHF POTENTIAL SHORT
OKAY SO I DID ANALYSIS ON THIS PAIR A LITTLE OVER A WEEK AGO AND DECIDING NOW TO POST IT FOR YOU ALL! OKAY SO AFTER LOOKING AT EURCHF IF YOU TAKE A LOOK AT THE LEFT SIDE OF THE DATA CHART YOU CAN SEE THAT THERE WAS A VERY VERY STRONG SELLER MOMENTUM THAT MOVED PRICE FROM 1.200 TO .9700 MAKING IT A 20% DROP IN PRICE! VERY VERY RARE EVENT TO HAPPEN, BUT THEY DO HAPPEN. WHATEVER THE CAUSE BEHIND THIS WAS, REGARDLESS IT WAS A SIGNIFICANT MOVE FOR A SIGNIFICANT PURPOSE. WHEN A MOVE LIKE THAT HAPPENS IN THE MARKET INSTITUTIONS, BANKS, FUNDS, ETC. DO NOT FORGET THAT MOMENT. IT IS A VERY EMOTIONAL PRICE ZONE. IF YOU TAKE A LOOK BUYERS BROUGHT PRICE ALL THE WAY BACK UP TO TRY AND RECOVER THE DROP THAT HAD HAPPENED IN PRICE. THE MOMENTUM BY THE BUYERS WAS A LOT WEAKER THAN THE SELLER PUSH TO THE DOWNSIDE THAT HAD OCCURRED. WHEN PRICE RE-VISITED THIS ZONE AGAIN THERE WAS A STRONG SELLER REACTION AND NOW AS WE CAN SEE PRICE IS BREAKING STRUCTURE TO THE DOWNSIDE AND SELLERS ARE MOVING PRICE WITH HEALTHY MOMENTUM. KEEP AN EYE ON THIS PAIR TO COME INTO TARGET ZONES AND LETS CONTINUE TO LET THE MARKET DISPLAY TO US WHAT IT WANTS TO DO AND SEE WHO IS IN CONTROL. KEEP AN EYE ON THIS PAIR AND IF AN OPPORTUNITY LINES UP WITH THE MOMENTUM AS WELL AS GOOD RISK/REWARD THAN PUT IT ON WATCH FOR SURE! TOTALLY UP TO YOUR TRADING STYLE. KEEP AN EYE OUT!
CHEERS!
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE ANALYSIS !
OKAY SO I DID ANALYSIS ON THIS PAIR A LITTLE OVER A WEEK AGO AND DECIDING NOW TO POST IT FOR YOU ALL! OKAY SO AFTER LOOKING AT EURCHF IF YOU TAKE A LOOK AT THE LEFT SIDE OF THE DATA CHART YOU CAN SEE THAT THERE WAS A VERY VERY STRONG SELLER MOMENTUM THAT MOVED PRICE FROM 1.200 TO .9700 MAKING IT A 20% DROP IN PRICE! VERY VERY RARE EVENT TO HAPPEN, BUT THEY DO HAPPEN. WHATEVER THE CAUSE BEHIND THIS WAS, REGARDLESS IT WAS A SIGNIFICANT MOVE FOR A SIGNIFICANT PURPOSE. WHEN A MOVE LIKE THAT HAPPENS IN THE MARKET INSTITUTIONS, BANKS, FUNDS, ETC. DO NOT FORGET THAT MOMENT. IT IS A VERY EMOTIONAL PRICE ZONE. IF YOU TAKE A LOOK BUYERS BROUGHT PRICE ALL THE WAY BACK UP TO TRY AND RECOVER THE DROP THAT HAD HAPPENED IN PRICE. THE MOMENTUM BY THE BUYERS WAS A LOT WEAKER THAN THE SELLER PUSH TO THE DOWNSIDE THAT HAD OCCURRED. WHEN PRICE RE-VISITED THIS ZONE AGAIN THERE WAS A STRONG SELLER REACTION AND NOW AS WE CAN SEE PRICE IS BREAKING STRUCTURE TO THE DOWNSIDE AND SELLERS ARE MOVING PRICE WITH HEALTHY MOMENTUM. KEEP AN EYE ON THIS PAIR TO COME INTO TARGET ZONES AND LETS CONTINUE TO LET THE MARKET DISPLAY TO US WHAT IT WANTS TO DO AND SEE WHO IS IN CONTROL. KEEP AN EYE ON THIS PAIR AND IF AN OPPORTUNITY LINES UP WITH THE MOMENTUM AS WELL AS GOOD RISK/REWARD THAN PUT IT ON WATCH FOR SURE! TOTALLY UP TO YOUR TRADING STYLE. KEEP AN EYE OUT!
CHEERS!
PLEASE LIKE AND FOLLOW MY PAGE FOR MORE ANALYSIS !
Note
EURCHF COMING INTO TARGET 1 ZONE
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