EURCHFlast day price make an significant downtrend channel and now price already broke the structure. We must waiting the price make an retest and confirmation for uptrend or just bounced off the resistance area and going back to downtrend. Remember to always waiting the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
Eurchfforecast
EURCHF About to Complete Short-Term Bear Formation - SellEuro Swiss franc looks ripe for a sell off. I have place stop and limit orders within the yellow box with a very tight SL of 20 Pips (200 points)
Use a unified SL @ 1.09347
Use a unified TP @ 1.08603
See you at the other side.
Profits : 54pips
Avg SL : 25 pips
RRR : 1:2.5
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end result if adapted by anyone. Trade cautiously as there are chance that you will loss your investment.
FX:EURCHF
EURCHF 15MIN TIMEFRAME ANALYSIS (SELL)We sell this pair because there is a strong resistance above. The entry and exit levels have been shown on the chart. We know what we are doing and we are doing what the market is doing. This is more than an institutional analysis. Invest wisely. Wish you more success. Enjoy the profit.
EURCHF within a rising channel
In the realm of daily candles, the price action has been clearly trading in a bullish pattern. The price reaching the ascending channel's support trendline opens clear opportunities for potential long entries above the 1.0932 handle, acting as a resistance level if the price manages to break above check into a smaller timeframe for entry confirmations.
--
*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
EURCHF holding above a strong supportThe price has reached strong support at 1.0932 handle, although under a sellers' control from a broader view, this level has kept the fort since May 11th preventing the price from visiting lower terrains.
Wait for confirmation by candle before placing any entry.
--
*** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***