Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0626). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.0705
TP2= @ 1.0727
TP3= @ 1.0768
TP4= @ 1.0816
TP5= @ 1.0915
SL= Break below S3
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Eur-chf
4hs compression on EURCHF by ThinkingAntsOkMain Items we can see on the chart:
a) We have seen a reversal movement from a major support zone at 1.05
b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement
c) After the Breakout of the first descending trendline, we are observing a 4HS compression
d) If the Compression is broken, we expect a bullish movement towards 1.085
e) If you are interested in trading this movement, we would do it after the breakout and looking for small structures (ABC Patterns) on a lower timeframe like 30min or 15min
EURCHF: Trading Plan for Today
EURCHF is trading within a bearish flag pattern.
I am waiting for 1H violation of support of the descending triangle formation to confirm the breakout of the flag.
In case of the confirmed violation, the price will most likely drop.
target levels will be:
1.0665
1.065
if the price respects support and closes above current local high, setup will be invalid.
EURCHF - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Strong break and retest of our main sr level.
4 HOUR
Good pa and pressure, expecting further movement to the upside.
DAILY
Overall slowly dropping market about to change direction..
-
FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06870
SL @ 1.06430
TP @ 1.07530
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF Price is just now retesting our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURCHF Price has bounced in our bullish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURCHF - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Turning bullish right now, good entries!
4 HOUR
Following pa and pressure above main sr level.
DAILY
Overall bullish market, great entries and risk reward now.
-
FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07440
SL @ 1.06620
TP @ 1.08620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF WEEKLY OUTLOOK JUNE 15-19EURCHF is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1 of 3 things. A 4HR bullish closure above 1.07298. Whether that be a bullish engulfing candlestick, bullish inside bar pattern, or a bullish pin bar candlestick. This should take this pair to 1.07990, which would equate to about 70 or so pips. Patience is key.
Correction coming on EURCHF by ThinkingAntsOKMain items we can see on the chart:
a) The price found a Huge support zone, and a reversal happened(check the Weekly Chart)
b) Currently, the price is on our previous Bullish Weekly target
c) Now we can see the price against a descending trendline
d) Before any new bullish movement, we will expect a correction on the current level
e) If that happens, we can start thinking about taking long trades
WEEKLY CHART
EURCHF broke the down trendEURCHF has been on a downward trend in H4, since the beginning of the year.
This trend was broken last week very strongly.
We are already seeing higher peaks and higher bottoms.
This gives us reason to believe that the price may rise.
Resistance levels:
1.0735
1,0775
1,0835
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