Eurchfanalysis
EURCHF ANALYSISEURCHF is near a strong support and psychological level at 1.07. Since November 2020 this level has not been broken so it’s a really good buying zone. We will be looking for buy entries if this support holds, last test it was a buy rally until 1.09200 so a good chance for a long term trade. If a candle manages to close below this support we need to look for sell entries if the support is really broken, wait for a retest for a confirmation and enter on a sell.
Wait for a sell signal with EURCHFH4 time frame.
Structure: Downtrend at Daily time frame.
The uptrend was broken when the price broke the Key level at 1.08400.
Wait for the price to return to the 1.08800 area to form a lower peak and appear a sell signal, then you can enter an order with EURCHF.
The profit target is the zone 1.07800 and 1.07000.
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Wish you all have a good trading day!
EURCHFlast day price make an significant downtrend channel and now price already broke the structure. We must waiting the price make an retest and confirmation for uptrend or just bounced off the resistance area and going back to downtrend. Remember to always waiting the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
EURCHF About to Complete Short-Term Bear Formation - SellEuro Swiss franc looks ripe for a sell off. I have place stop and limit orders within the yellow box with a very tight SL of 20 Pips (200 points)
Use a unified SL @ 1.09347
Use a unified TP @ 1.08603
See you at the other side.
Profits : 54pips
Avg SL : 25 pips
RRR : 1:2.5
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end result if adapted by anyone. Trade cautiously as there are chance that you will loss your investment.
FX:EURCHF
EURCHF SHORTAs we can see, EURCHF bounced from the upper trendline of a descending channel on the H4, we expecting the market to retest the support level listed on the chart,
We taking this trade based on Candlestick patterns and price action. (This not a long term trade)
(1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL
(2) USE YOUR STOP LOSS
(3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS
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 146,26
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) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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