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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
by TB305
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. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Long
by tradafx
1
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.
Long
by NCTrading