Eurchfidea
EUR/CHF Technical Analysis
The counter has formed a dragon pattern.
In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
Further, it is on the verge of breaking out the trendline (a break validates it).
Hence, we advise traders to be long in the counter once it crosses 1.730.
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CHF SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we need to wait for a confirmation.
EUR/CHF: Day-Swingtrade-Preparation
Market-Sell: 1,07440
Stop-Loss: 1,07600
Target 1: 1,07290
Target 2: 1,07200
Target 3: 1,07075
Stop-Loss: 16 pips
Risk: 0,5-1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURCHF long trade ideacurrently, we are seeing price respected the trendline resistance, we need to wait for the price to breakout resistance level 1 before placing any buy order. use resistance level 2 or resistance level 3 as the target price.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CHF Technical Analysis
The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCHF / SHORT IDEAOn this chart we see price has retested a bearish trendline on the weekly chart several times
I see divergence on the daily chart and the 4H which indicates that price could reverse of of this level again and head lower
We will wait for support to be broken and the trendline to be retested before entry
We will be selling to the second support level which is marked on the chart
EURCHF CORRECTING FOR MORE UPSIDE?!**ENG**
- Price breaking and retesting our ex-resistance zone/38,6% FIB level, if price closes above this same level with a big candle leg, we could see the bullish move starting.
- Right now we are only looking, wait for a candle pattern to confirm the entry.
**PT**
- Preço a quebrar e a efetuar o retest na nossa ex zona de resistência / 38,6% nível do FIB, se o preço quebrar acima deste mesmo nível com uma perna longa, poderemos ver então a continuação do nosso movimento bullish.
- Neste momento estamos apenas à procura de longs, um padrão de candle (morning star, bullish engulfing, etc), será o suficiente para efetuar uma entrada!
EURCHF long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CHF Technical Analysis.Currently, EUR/CHF is trading at 1.0754. The pair started a new up trend after breaking the resistance level at 1.0642. Previously, the pair was trading in down trend by making lower low higher high pattern in the resistance and support wedges. As the pair has already started a new up trend by breaking the resistance level, so its first target price was at 1.0719 and second target price was at 1.07663.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat