Eurchfanalysis
EURCHF Formed Trend Reversal Cup & handle pattern .EURCHF is trading in a falling wedge pattern, it has given a breakout from falling wedge on the upside for a very short time, but it could not able to sustain outside the falling wedge. Also, within the falling wedge, it has formed a trend reversal pattern, which is a cup and handles pattern, so we might see a trend on the upside in EURCHF if it breaks out from the falling wedge and sustain for some time.
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EURCHF short trade ideaPlan : wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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EURCHF Trading In Channel PatternEURCHF is trading in channel pattern, we might see some downside in EURCHF from the current price level and the target will be a support line for Channel pattern. On can trade on the short side with strict stop loss.
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EURCHF Trading in downside Channel Pattern.EURCHF seems to be unpredictable as I recommend to trade very cautiously. It is trading in a channel pattern, also now it is trading in the upper part of the channel. If it breaks out from the channel, we might see long term trends on the breakout side.
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EURCHF Trade Continuation In Channel Pattern.EURCHF is continuously trading in channel pattern since very long time as you can from the chart. This might continue to trade in channel pattern. One can take a trade for long term or short term with channel support and resistance line as stoploss for small pips.
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EURCHF Trading in Falling Wedge and range bound condition.EURCHF is trading in falling wedge one can trade according to resistance Line and support line as stoploss on either long side for short side respectively on breakout of the falling wedge on either side can signal for longer term trend
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EURCHF trading in Descending triangle pattern.EURCHF is trading in descending triangle pattern . it will stay in triangle for sometime on can trade with long or short with resistance and support as stoploss or with own risk management . as market is volatile one should long or short near resistance or support of descending triangle only. EURCHF can can trade for long term only after it breakout from triangle pattern on either side
- Educational - Stoploss hunt EURCHF before long explainededucational post:
We see here a classic stop-loss hunt from the level 1.06000. We saw earlier a lot of rejections at these levels with multiple rejections. With this price, it is quite normal that there will be an attack on the stop-losses placed below this level. In all my posts, I mention always to look for this kind of tricks from the Market Makers. I expect some small retracements during Asia and a powerful liftoff during the Euro-session.
eurchf in an accumulation zone before breaking outeurchf testing the double bottom and making some good horizontal movement before making a bullish outbreak. With eyes on the EXY, is the chance big that we can expect a bullish impulse for the EUR pairs. watching this pair closely for a good swing trade.
Eur/Chf Weekly Swing Trade Idea Right now ... You do not have any reason to be buying Eur/Chf other than the idea that Friday It bounced from a important support (Or Supply) Area!
With that being said .... I expect the Eur to continue to rise....
I think you should open BUY STOP ORDERS ONLY AND NOTHING ELSE ... until you see a daily candlestick buy confirmation!
With that being said ... Friday Closed with what looks like a "TWEEZER BOTTOM" candlestick reversal pattern that could be the bull reversal candlestick we need on the daily chart!
So You Should Be Bull On This Pair... And You should be looking to buy ... and If you decide to swing trade this... You can see the take profit areas on the chart!
I will have 3 positions open with 3 take profits... Stop loss needs to be below the support zone (Which is not that many Pips) giving you the best "Risk To Reward Ratio" that any trade can give you!
Fundamentally ... (Im still looking at Euro News for the week that could give us a reason to be buying) right now we only have technical reasons!
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.06262 where it could potentially react off and up to 1st resistance at 1.06607.
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