EURCHF SHORTS 📉📉📉Expect the price to start the selloff from this area, we are in a huge bearish market structure on a HTF premise. Price is being in a premium area market on fibonaci rejecting a h1 orderblock and taking out buy stops on its way.
I want to see another leg to the downside for the ECHF, retail heard are LONG there.
What do you think ? Comment below..
Eurchfbuy
EUR/CHF Looking For Longing Opportunity EURCHFEURCHF reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement.
The EUR is very weak at the moment as the covid-19 spread over Europe which weakening the euro, but since the new variant arrived the other currencies will be affected by it and it can cause a downtrend of these currencies as well which will cause a short term longing opportunity the EURCHF and other EUR pairs as the EUR is currently overextended to the downside.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURCHF SHORTS PENDING 📉📉📉Expect short opportunities around 1.04800 area, bearish market structure on a HTF orderblock h4 + imbalance fill, right now price took out liquidity from the retail trendline and should reverse. I will announce you when i will entry there !
What do you think ? Comment below..
EURCHF INTRA-DAY BUYS Sorry for the background noise I was recording this with a baby in one hand lol, I don't usually cover exotic pairs but just wanted to give an example of my trading style and hopefully give you guys a new perspective or idea when looking for trades. Make sure risk is always capped to a comfortable amount and you trade according to your plan, have a good week guys!!
eurchfWhy are we entering?
- Approaching major structure level
- Anticipating EUR strength and possible CHF weakness = EURCHF LONG
What is our confirmation?
- Bounce off the structure level
- 2H trendline hack (2H EMA is respecting price - will be using that for confirmation)
= WFB break
Entry
SAFE Entry: Bounce off structure and then WFB
Risk Entry 1: break of WFB without the bounce
Once entered, where will our Stoploss be?
- below the major structure level
Where do we take profits?
First TP: 1.07
Second TP: 1.093
Third TP: 1.3
EURCHF AnalysisPrice has bounced off a support zone that has proven to push the price up every time the price reaches the zone. This coming week, I will only be looking for opportunities to go long as shown.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk.
#TradeLikeMagnatrio
EurChf can be a good swing buy tradeEurChf has changed its long term trend from bearish to bullish in May 2020 and the pair has risen 600 pips from that low to March 2021 high and this is a lot for this quiet pair.
From that top, a correction has started and the pair fell 400 pips.
At this moment EurChf is trading near a very strong support zone and a reversal is very probable.
I'm looking to buy
EUR/CHF BEAUTIFUL MONTLY SITUATION This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction.
Confluences:
1.Price is currently testing a historical zone
Every time price action get to this zone makes a rejection.
2.Also we have a M pattern
After a M pattern we can expect a correction to the neckline.
3.Also price is over extended
When price is over extended we can expect a correction.
With this 3 confluences we get to the conclusion that the price is ready to make a retracement to the M pattern neckline
Be advised
This educational analysis is for price direction only, for entries you have to use your own strategy in lower time frames to minimize risk.
If you have any question please be free to ask me.
THANK YOU FOR YOUR SUPPORT
💡Don't miss the great buy opportunity in EURCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0833).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 1.0848
TP2= @ 1.0861
TP3= @ 1.0884
TP4= @ 1.0907
TP5= @ 1.0921
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.0833).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 69.
Take Profits:
TP1= @ 1.0848
TP2= @ 1.0861
TP3= @ 1.0884
TP4= @ 1.0907
TP5= @ 1.0921
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️