Eurchfanalysis
EURCHF Price at Weekly Setup Waiting for bounce here on This Support line if daily close Green than i am adding This one
Early Entry can be done on 12 Hr closing keep watching all the levels
here's the Daily Chart
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 - SHORTprice still pretty high as shown by CCI. Looks like Alligator may be going back to a resting position before a sell breakout. Watching for SMA crossovers. Price could drive down to tap the previous low levels before (1.0613xx)
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, accurate place for Short entryEuro is further weakening. We are waiting for confirmation here with our members in order to take a nice sell with a nice risk to reward and probabilities for a massive push to the downside.
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 with target at 1.10100EUR pairs might have completed their consolidation as we have very high probability setups on EURJPY, CHFJPY & EURCHF.
Trendline broken - Retested - 4 hour bullish candlestick - renewed EUR strength.
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
EURCHFfollowing the trajectory as expected. Now waiting for it to show my a rejection, and then go long!
EUR/CHF staring into the abyssOver the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020).
It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips.
I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break.
We may see another bounce before that but I expect it to be short-lived.
Get these SELL STOPS placed when the markets open.
EURCHF price is currently flirting with strong key area (blue box). monitor price action on lower time frames.
1. support will hold and price bounces to retest resistance (trend line)
2. if driving force is enough, price will easily break that area of value.
