Eurchfanalysis
The #EURCHF is in an excellent potential areaStrong support in the 1.1185 area has already supported the eurchf price twice. It can be seen that every touch of the eurchf in the above support has led to an average price increase of 250 pips.
We can see that we have the exact same model in the Stochastic indicator that strengthens us the buying signal.
(In the case of breaking the support, of course, the signal will change from a buy signal to a sell signal)
Buy EURCHF:
Entry Price:1.1245
Stop loss: 1.1170
Take Profit: 1.1370
EUR/CHF (BIG PICTURE) UP-TRENDLooking at EUR/CHF on the daily time frame it is pretty obvious we are on a uptrend. I see a nice respected support Zone highlighted. The Big picture is a nice retest towards highlighted resistance. Long term trade on this one.
Thanks for taking the time to see my idea!
Short EURCHF.EURCHF to go lower.
The pair is confined within a range since Nov-18.
The range is more or less about 270 pips in between.
Within this range created a descending resistance line and each time it tested the line if failed with a bearish key reversal.
Expecting the pair to go lower and eventually break the support line towards 1.1080.
fb.com
EUR CHF Analysis: 4 hour Timeframe Bullish Move Not Yet Over..September 10, 2018 to current date presents a sideways market action in the EURCHF, with November 27,2018 to January 24, 2019 forming a bottom reversal pattern known as the inverted Head and shoulders pattern or head and shoulders bottom.
Confirmation of the pattern occurred on January 29, 2019 at ~1.13435 and projection of the minimum target for the EURCHF is the distance from the head to neckline projected on top of the 1.13435 price level.
Retracement of price action after hitting a price high of 1.14438 on February 05, 2019 is not anticipated to terminate the current trend from January 03, 2019. Potential support level or region for the EURCHF is 1.13435 prior to the resumption of the bullish trend.
EURCHF (1D): EUR Event PlayEURCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candles formation
- Price rejected Resistance Trendline (since May 18)
- Horizontal Resistance Trendline (38% Fibo level) strong
- Price broke the Short Term Trendline (since Sept 18)
- Stochastic Overbought momentum
- Fundamentally, Italy supposed to provide EU with a revised budget this coming Tuesday but from the likes of it, unlikely there would be any revision. The continuation of this budget issue will only make Italy's budget deficit worse with the Italian bond yields spiking higher.
Suggested Trade:
Entry @ Area of Interest 1.1370 - 1.1430
SL: 1.1497
TP: 1.1191
RR: Approx. 2.00 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
EURCHF long for 5th wave after 4th wave corrective pullbackAnalysis:
I've seen EURCHF in the process of completing its 3rd wave of wave 5
Hypothesis:
I am looking for a wave 4 pullback to the purple reversal zone where I have indicated by the blue arrows.
The wave 4 pullback should show itself as a corrective fall (abc pattern or abcde pattern into our buy zone)
If it is too sharp of a fall, then I will not participate in the long side.
A bounce at our level after a a corrective fall should produce a impulsive wave higher from our area and create its wave 5.
Risk Management:
Take off half at 1:1, and move stops to Break even. Let rest ride to Target.
EURCHF, D, Mutliple Rejections, Bollinger Spikes - Reversal!Hi traders,
I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest, however, I see a lot of potential downside. The uptrend was beautiful, not it is the time for a downtrend.
(This is not a trade recommendation. Please trade with care!)