Price broke its previous highs and printed a nice pinbar on H1.
Price is also above the KUMO on H1/H4/D.
While above the daily pivot I am bullish and will target the next fib level, around 1.32180.
Hello everyone, here is the top-down analysis for EURCHF, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Kiwi, it's been tricky to trade for sure! Let's see what we can get out of Kiwi....!
Technical aspect:
- A break to either direction -
- Could be put as a bear flag
- Channel going up until broken to down side then could confirm to be a - Bear flag - Remember Confirmation is key!
Bulls are in control as long as it's above: 0.66580
Bears come into control as...
It's a pair that some traders are finding difficult to trade but let me break it down for you:
Technical:
- Bull Flag - Resistance area: 1.31400 areas and that's where the target of the Bull flag would end. (Patterns don't always work out - that's another thing to keep in mind that's why looking at the levels will help).
If we were to decline the areas that...
For the past week during the London into New York overlap price has been dipping down for a daily entry finding your close at or just after the close of the New York session. I marked the entries and exits with a red rectangle on each day this pattern has been currently appearing.
