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Eurchfanalysis

EURCHF testing major resistance - the week of 25/04/22 This set up is similar to my trade idea on GBPNZD. The level of 1.0330 and the area around has acted initially as support and now is resistance. The overall trend is bearish and I am looking for a continuation. An short entry at resistance or below the low of Friday are both good locations. Stop above the recent high at 1.0403 and the target above the next major support at 1.0010 – there is a potential +3R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
Bearish continuation EURCHF for the week of 28 Mar 2022 This pair has been bearish for a whole year now and I don’t see any reason for this to change soon. As the daily chart shows, price broke below a major support (1.0325) and I am looking for a pullback to this area and the bearish PA to resume. If this happens, we can have a nice 2.8R trade down to the next support in the 1.001 area. A word of caution though – we cannot rule out the possibility of a trend reversal in progress. Wait for bearish evidence before committing to a trade. Also bear in mind the Russia/Ukraine crisis and the possibility of sudden spikes in case of any major events in that arena. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista