EURCHF 4HR PRICE-ACTION LONG!
Two zones have setup Long Entry opportunities:
1st zone:
1.03921 | 1.04204 | 1.04191 zone for targets 1.04748 | 1.05554 | 1.06262
2nd Zone:
1.02934 | 1.02399 zone for targets 1.03966 and potentially 1.05554 | 1.06262.
Both zones are inline with Major Monthly Price Levels.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you. Happy Trading.
Eurchflong
SHORT AND LONG ON EUR/CHFOn the Weekly timeframe we have a perfect (EVENING STAR) candle pattern that has formed.
On the lower timeframes Daily or 4hr price is bouncing off of a small support zone and because of this price could go up a few pips.
I am looking to catch this pair going in either direction but my bias is (SELL) because of the evening start pattern.
Here are the plays I will be making on this pair:
PAIR = EUR/CHF
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03026
STOP LOSS = 1.03642 - 61 PIPS
TAKE PROFIT = 1.01441 - 158 PIPS
PAIR = EUR/CHF
ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.03881
STOP LOSS = 1.03243 - 63 PIPS
TAKE PROFIT = 1.04881 - 100 PIPS
Wait for a buy signal with EURCHFH4 time frame.
Structure: The downtrend ended when the price broke the Key Level at 1.04600.
Currently, the price is moving to retest and there is a possibility of forming a bullish pattern here.
Wait for the bullish pattern to appear, then you can look for buying opportunities.
Profit target is 1.05600 price zone.
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Wish you all have a good trading day!
Divergence and key level breakout with EURCHFH4 time frame.
Structure: The downtrend ended when the price broke the Key Level at 1.04500.
Wait for the price to return to retest and appear a buy signal, then you can enter an order with EURCHF.
Profit target is 1.06500 price zone.
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Wish you all have a good trading day!
Bullish outlook on EURCHFOn the H1 time frame, we are seeing possible bullish rise at 1.04140, which is an area of Fibonacci confluence in line with the 38.2% Fibonacci retracement and 78.6% Fibonacci extension. This presents an intraday opportunity to play the bounce towards the next resistance zone at 1.04348 as price holds above the Ichimoku cloud.
EURCHF SHORTS 📉📉📉Expect the price to start the selloff from this area, we are in a huge bearish market structure on a HTF premise. Price is being in a premium area market on fibonaci rejecting a h1 orderblock and taking out buy stops on its way.
I want to see another leg to the downside for the ECHF, retail heard are LONG there.
What do you think ? Comment below..
EUR/CHF Looking For Longing Opportunity EURCHFEURCHF reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement.
The EUR is very weak at the moment as the covid-19 spread over Europe which weakening the euro, but since the new variant arrived the other currencies will be affected by it and it can cause a downtrend of these currencies as well which will cause a short term longing opportunity the EURCHF and other EUR pairs as the EUR is currently overextended to the downside.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EUR/CHF breakout opportunity to catch 200 pipsHere we can see an opportunity in EUR/CHF, if you notice there is a clear divergence and we can know that by opening awesome oscillator. Also we can see that price is in a descending channel so it's a continuation sign. Also! we can see that price made a double bottom for the lowest low. So Here we can put a long setup with a very small SL.
EURCHF long on the third testHi traders, let me know your thoughts on this EURCHF. I think if this second try to the low there might be an opportunity to long the pair.
it already tested ones after it made the first low which reached the year 2015 level. Market maker are possibly short and will book profit after this second test |
(or maybe theres another third test)
But i think there might be an opportunity to get into a long position against the herd.
Let me know your thoughts.
EURCHF Bullish ideaAs per linked Daily chart, we can see an ABC correction coming to an end with divergence. The 4 hour chart is also demonstrating multiple false breaks and divergences around the strong support zone. The above hourly chart shows a clear false break and buyer pushing back with divergence and convergence principle. Risk reward is good so I am not waiting for any pull back here.