EURCHF Swing Trade Setup (Long)EURCHF Swing Trade Setup (Long)
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3rd/Last target specified.
Eurchfforecast
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 !
EUR/CHF staring into the abyssOver the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020).
It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips.
I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break.
We may see another bounce before that but I expect it to be short-lived.
Get these SELL STOPS placed when the markets open.
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 !
EURCHF POSSIBLE REVERSAL PATTERN (MULTI TIMEFRAME)OANDA:EURCHF rejecting the support a lot and it shows there will be a lot of rejection in that area while we patiently wait for the sellers to lose momentum.
EURCHF trade planconfirmed double top. first target of double top and prz of bullish deep crab are really close! I will modify the chart according to reversal price.
EURCHF Trading Plan SELL - Riks Reward 1:3EURCHF Trading Plan SELL - Riks Reward 1:3
H4 Trend Bearish
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.05536 where it could potentially rise further to 1.08209.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.05536 where it could potentially rise further to 1.08209.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.05536 where it could potentially rise further to 1.08209..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF BUY SETUP?I don't like over complicating things. This to me looks like a reversal falling wedge right? Looking to buy around my entry point. Looking to take extreme profits at 1.103 at least. Will be trailing my stop loss until i get to the top of the impulse.
- 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.
eurchf accumulating at 1.06 before long. 1.06110 is the opening for my trade for this pair. with an extreme undervalued EURO, the chance is big for a push where eurchf can see the benefits of it. we see multiple support on the blue box and the price started to move sideways. the real movement will show up in the upcoming weeks.
eurchf in an accumulation zone before breaking outeurchf testing the double bottom and making some good horizontal movement before making a bullish outbreak. With eyes on the EXY, is the chance big that we can expect a bullish impulse for the EUR pairs. watching this pair closely for a good swing trade.
