EUR/CHF BEAUTIFUL MONTLY SITUATION This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction.
Confluences:
1.Price is currently testing a historical zone
Every time price action get to this zone makes a rejection.
2.Also we have a M pattern
After a M pattern we can expect a correction to the neckline.
3.Also price is over extended
When price is over extended we can expect a correction.
With this 3 confluences we get to the conclusion that the price is ready to make a retracement to the M pattern neckline
Be advised
This educational analysis is for price direction only, for entries you have to use your own strategy in lower time frames to minimize risk.
If you have any question please be free to ask me.
THANK YOU FOR YOUR SUPPORT
Eurchfanalysis
EUR/CHF:FUNDAMENTAL+PRICE ACTION|NEW OPPORTUNITY|SHORT SETUP 🔔Previous 2 ideas reached the Take profits...
The Swiss Unemployment Rate for July was reported at 2.8%, and the Seasonally Adjusted Unemployment Rate at 3.0%. Economists predicted a rate of 2.8% and 3.0%. Forex traders can compare this to the Swiss Unemployment Rate for June, reported at 2.8%, and the Seasonally Adjusted Unemployment Rate, reported at 3.1%.
The German Trade Balance for June was reported at €13.6B. Economists predicted a figure of €13.4B. Forex traders can compare this to German Trade Balance for May, reported at €12.8B. Exports for June increased 1.3% monthly, and Imports increased 0.6% monthly. Economists predicted an increase of 0.4% and 0.5%. Forex traders can compare this to Exports for May, which increased 0.4% monthly, and to Imports which increased 3.4% monthly. The German Current Account Balance for June was reported at €22.5B. Forex traders can compare this to the German Current Account Balance for May, reported at €13.1B.
Eurozone Sentix Investor Confidence for August is predicted at 29.0. Forex traders can compare this to Eurozone Sentix Investor Confidence for July, reported at 29.8.
The forecast for the EUR/CHF remains bullish, but traders should exercise patience as volatility is likely to increase. This currency pair may temporarily rise before restarting its contraction. With the Tenkan-sen, the Kijun-sen, and the Ichimoku Kinko Hyo Cloud descending, bears control price action.
Will bears force the EUR/CHF into its next horizontal support area?
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EURCHF As we have seen CHF Index which is ready to go for Short ride. So XXXCHF like Eurchf is gonna give us strong Bullish Impulse. Price has already started making structure levels which is great confluence for trend shift. The only hurdle is now Counter line which needs to be broken and retest for good Entry.
EURCHF TO CONTINUE ITS DOWNTREND?As we have seen, this pair continues to trend to the downside with continuous lower highs and lower lows forming.
Now, we're waiting patiently for some decent pullback before jumping in on sells.
We want to see this set up and give us some more added confluence before a trade can be called.
EURCHF LONG OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCHF for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURCHF LONG OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCHF for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURCHFello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURCHF buy chance details are in the graph
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
EURCHF Long As we can see, The pair has reached the bottom Level of the descending channel on the 4 Hour Time Frame, and also on the daily time frame, we expecting an uptrend re test the top level of the channel.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a break down of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 14,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURCHF W1 July 2021EURCHF
Long Setup
Continuation trade:
👉🏻 Price made a reversal of a ending diagonal in the lower timeframe. An expected movement after an impulse from 1.08750 area. Would see further corrective move down to find either the 61.8% or 78.6%, which will also respect the H4 order block.
Main trade setup