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Eurchfforecast

EURCHF H4 LONG PRICE ACTION FORECAST After the breakout of the descending wedge pattern, an incredible rally has been experienced by this pair. With explicit overextended price action and the most recent candle under the H4 timeframe signaling some exhaustion, a healthy correction should come into play. A correction to the FIB level for a new bullish impulse allows the following setup. The order: Type: buy-limit S/L: 30 pips - R:R | 1:3 - T/P: aiming towards the descending trendline from D1 -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCHF H4 LONG PRICE ACTION FORECAST After the descending wedge pattern breakout, we could expect the retest of the descending trendline from the pattern for an uptrend continuation. The price structure allows the setup of a long entry with an excellent R:R. The price action has got rejected from a strong support level from the weekly realm, allowing the confirmation of an uptrend momentum. The order: Type: sell-limit S/L: 26 pips - R:R | 1:2 - T/P: aiming towards a support trendline. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCHF H1 SHORT PRICE ACTION FORECAST With the EUR under a bearish tone, this pair is currently showing a nice setup for a short entry. With the exponential moving average sloping and moving below the 200 MA for an evident downward pressure. we can expect a small pullback to the previous support level to enter the market with the following setup The order: Type: sell-limit S/L: 10 pips - R:R | 1:2.5 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCHF GREAT potential tradeWelcome to the EURCHF LONG POTENTIAL TRADE . As we can see in the charts we have a strong support zone here which was previous daily resistance (green) below we have huge monthly support as above in red we have a weekly resistance which willbe our target. According to the impulse move upwards, the .786 fib lines up perfectly with bottom of support so it might hit that area first before going upwards. I will be entering this trade upon break of the falling triangle structure or test of .786 fib for a low risk LONG position, with targets along the way upto the red resisance zone. From a commitment of traders perspective, EUR has been getting stronger while CHF has been weakening hence a huge potential for upside and we see a slowening of the downward action. Hope you guys like the analysis! Your support is highly appreciated, and any feedback is more than welcome (positive or negative)
Long
by Leezz
EURCHF H4 LONG PRICE ACTION FORECAST -UPDATE-EURCHF was able to break the price compression in the descending wedge pattern formation. Breaking the resistance line with the further retest place the pair in a clear bullish bias. MACD under a clear divergence, and signaling a diminished bearish pressure for a long entry The order: Type: buy-limit. S/L: 23 pips - R:R | 1:2 - T/P: target next resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCHF H4 SHORT PRICE ACTION FORECAST Price action trading under a downtrend bias has just broken a support level, expecting the next candle to retest the previous support for a strong bearish continuation. MACD also shows a bearish momentum allows a short setup The order: Type: sell-limit S/L: 32 pips - R:R | 1:2 - T/P: aiming towards next demand zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EUR/CHF back inside of parallel channelGood morning traders, after very slow Wednesday, we can see the price has started to move in Asia session and hopefully it will do the same in London an US sessions. Let's take a look at EUR/CHF in 4H chart. We can see that there was aggressive move up that smashed resistance line that has been tested multiple times in past. However, it turns out it is just a fakeout and now price is back in the parallel channel looking to test support line in near future. RSI shows us the downside pressure is only starting and MACD shows the bear volume is getting higher. If you decide to go with this trade, put your Stop Loss right above resistance line and don't risk more than 1% of your capital in this trade. This idea is little bit riskier what we usually take. Let us know if you agree or disagree with us with this idea in comment section. And do us a favor and hit that follow and like button and help us grow our community :) Good luck !
Short
by UnknownUnicorn3249870
1
EUR/CHF Symmetrical Triangle about to completeLet's take a look at EUR/CHF on 1H chart. We can see that there is a nice Symmetrical Triangle emerging and we have discussed before what does Symmetrical Triangle signalize ? Well for those who have started to follow us recently we are going to explain one more time (and if you don't follow us then please do now as we would really appreciate that) Symmetrical Triangle signalize that the Breakout is about to come and nobody knows in which direction. So knowing that we are putting our Sell orders just outside the Triangle and putting our Stop Loss at the other side of the line. However as we can see there is still enough place to move for price in the Triangle so if the price now jumps up to test the Resistance line (and the eventually breaks the Resistance) we wouldn't be surprised so we have to be ready for both scenarios. Let us know what you think and don't forget to follow us for more ideas :) Good luck !
by UnknownUnicorn3249870
2