Looking to go long on EURCHFLooking to get a good entry on the retest of one of the prior resistances. Should get a good entry if I can get a good bearish pattern at one of these levels on the 1hr. I will target the previous high and look for a RR of atleast 1-2 but looking for atleast a 1-3RR.
Let me know what you think below!!
Hope this was helpful!!!
Eurchfanalysis
EUR/CHF Technical Analysis.Currently, EUR/CHF is trading at 1.0685. The pair started a new up trend after breaking the resistance level at 1.0647. Previously, the pair was trading in down trend for a long time in the descending resistance and support wedges. As the pair has already started a new up trend after breaking the resistance level, its first target price is at 1.0729 and second target price will be at 1.0779.
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EUR/CHF LONG SET UP TITLE-BUY LIMIT EUR/CHF
ASSET-FOREX
TYPE-BUY LIMIT ORDER
Time Frame-1D
ENTRY PRICE 1-1.06360 market
ENTRY 2-1.06030 pending
STOP LOSS-1.05760 (60 PIPS)
TAKE PROFIT 1-1.06860(60PIPS)
TAKE PROFIT 2-1.07360 (100 PIPS)
TAKE PROFIT 3-1.07860 (150 PIPS)
TP.4-1.08360 (200 pips)
Trail STOP LOSS AT TP.3
Tp.5 1.08860 (250 PIPs)
Tp.6 1.09860 (350 PIPs)
STATUS: entry 1 active
EURCHF GREAT potential tradeWelcome to the EURCHF LONG POTENTIAL TRADE .
As we can see in the charts we have a strong support zone here which was previous daily resistance (green) below we have huge monthly support as above in red we have a weekly resistance which willbe our target.
According to the impulse move upwards, the .786 fib lines up perfectly with bottom of support so it might hit that area first before going upwards. I will be entering this trade upon break of the falling triangle structure or test of .786 fib for a low risk LONG position, with targets along the way upto the red resisance zone.
From a commitment of traders perspective, EUR has been getting stronger while CHF has been weakening hence a huge potential for upside and we see a slowening of the downward action.
Hope you guys like the analysis!
Your support is highly appreciated, and any feedback is more than welcome (positive or negative)
EURCHF Bullish Bounce Occurring!!! Long Opportunity!!!We can see that price level is currently very near the 50MA (Yellow Line) which I believe we will see a nice rejection off this level, heading for the upside. Yesterday's candle was rather interesting with a doji candle close signalling to us that a potential reversal can possibly take place. EURCHF trend line is also yet to be broken with yesterday's candle testing that price level, with a nice rejection. As of now, I see a nice BULLISH opportunity with price potentially making a breakout from 50.0 fib level which it tested several times. That is because we can see a strong resistance level there as well. I will be trading the bullish movement for now, taking note of price action when it reaches closer to 50.0 fib level.
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EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EUR/CHF Technical Analysis
The counter made a steep after forming a head and shoulder pattern.
However, it found buyers at lower levels and pulled back only to be capped by neckline.
Further, the pullback has formed in a bearish bat structure.
Hence, we expect the pair to be bearish in the near-term.
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCHF Breakout From Head & Shoulder PatternEURCHF Form a head and shoulder pattern at top and following the pattern price level shown down trend. according to chart pattern analysis, we might see further downside towards the support level as shown in chart . one can initiate the short position with proper risk management and stop loss
Thanks
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURO / SWISS FRANC (EURCHF) SHORTWeekly Levels just Tested Previous structure and saw a massive rejection down.On the H4 time frame we saw previous higher Low structure around 1.0861 - 1.0855 broken by Price.On 30 mins Time frame wait for a retest around previous broken level forming a Lower high to ride price down. FX:EURCHF
WEEKLY DIRECTION
H4 LEVELS