Eurchfbreakout
#EURCHF Time for some Bullish action?We can clearly see that FX:EURCHF is in the up-trend for 4 years.
Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback.
After a breakout price squeezed to fake out all early buyers.
Now we are in this triangle and, if we could get a push to up-side from this triangle then we should witness a nice bullish action
-plus, we have a nice bullish divergence.
Okay so summarizing
following analysis, I believe EURCHF have nice bullish potential, so I'm going to buy this pair in this week.
Let's go to work!
EURCHF ShortThe movement of eur prices has been corrected and followed by the trigger volume which causes the price to move according to the trigger related. Therefore, the anticipation of buy or buy limit can be applied to this pattern. If the price has passed the lower limit then the pattern will be invalid.
EUR/CHF Breakout Trade IdeaThis setup is very similar to our last EUR/CHF trade we entered below. I am trading the consolidation zone here. What I'm looking for is a breakout of the zone in either direction to enter a trade. This consolidation makes sense with all the upcoming news we will see this week. A push outside of this zone should hold and I'll look to enter whatever direction price takes. I don't have particular TP's in mind, instead I'll just adjust my stop loss as this pair moves.