Eurchfbuy
HEAD and SHOULDER PATTERN on EURCHF (Crucial point)Hello guys. Here is our analysis on EURCHF. As we can see that the pair is forming a HEAD AND SHOULDER PATTERN. It has already formed its left shoulder and its head. The pair is also at its support point, so its very interesting to see what the pair does. If the pair bounces back it will make the right shoulder. If it breaks the support then it will fall till the next support.
Let us know your views guys. Follow for confirmation for TP and SL. thanks.
Ryan.R.Lopes
- 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.
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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Trading Pathways Analysis of EURCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
EURCHF Market Outlook | Daily Forex Market BreakdownEURCHF
Looking very good I believe we could be seeing a very since swing trade developing. We need to be very patient. Pushing a bit lower but looking like we might be slowing down soon. We need to wait and see if we can keep pushing lower or if the bulls are going to take control.
EURCHF LONG hello everyone and happy new year!! Back to trading again! so i have my eyes on eurchf to go long, wait for proper price action on lower time frame, bullish impulse, watch correction and go for it! if market break lower and still corrective just wait for the bullish impulse on lower time frame, if price break very strong the bottom then set up is invalid and i will keep everyone updated. good luck!