Eurchflong
EURCHF entry long RR1:10We have:
1- An Accumalation ongoing for more than a week.
2- Recent drop rejected the weekly and daily major resistance.
3- RSI 8H showing divergence.
-- > IF buyers step in before we reach the previous low, we will have a H&S patern.
--> Entry should be on the BREAK of H&S neckline and previous resistrance, then bulls should step in.
--> Some gains should be secured on TP1 (Head extrapolation + EMA 200) but expecting a new bull trend to start.
Invalidation:
In case we break the previous low (Head)
Side note: H&S might have two shoulders so dont jump in the trade unless we broke both neckline AND resistance.
Happy trading
EURCHF Buy the support.EURCHF - Intraday - We look to Buy at 1.0704 (stop at 1.0689)
Daily pivot is at 1.0696.
Pivot support is at 1.0702. Dips
continue to attract buyers.
Price action looks to be forming a bottom.
Our profit targets will be 1.0749 and 1.0759
Resistance: 1.0750 / 1.0760 / 1.0770
Support: 1.0720 / 1.0710 / 1.0700
EURCHF AnalysisPrice has bounced off a support zone that has proven to push the price up every time the price reaches the zone. This coming week, I will only be looking for opportunities to go long as shown.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk.
#TradeLikeMagnatrio
EurChf can be a good swing buy tradeEurChf has changed its long term trend from bearish to bullish in May 2020 and the pair has risen 600 pips from that low to March 2021 high and this is a lot for this quiet pair.
From that top, a correction has started and the pair fell 400 pips.
At this moment EurChf is trading near a very strong support zone and a reversal is very probable.
I'm looking to buy
EURCHF ANALYSISEURCHF is near a strong support and psychological level at 1.07. Since November 2020 this level has not been broken so it’s a really good buying zone. We will be looking for buy entries if this support holds, last test it was a buy rally until 1.09200 so a good chance for a long term trade. If a candle manages to close below this support we need to look for sell entries if the support is really broken, wait for a retest for a confirmation and enter on a sell.
EURCHF Strong Rise ComingWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
After a strong fall, we expect for price to rise from the weekly demand zone between 6610 - 6700. Reasonable TP would be right before 0785. SL is based on your personal risk management and trading plan.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
EURCHF
Bullish indicators:
1) Trading near Support at 1.07492
2) Fib retracement level 78.60%
3) Falling wedge
Bearish Indicators:
1) LL LH
2) Currently trading in downward trend
Plan A: On the bounce from the support area one can buy for the target 1.08320 first and then towards 1.80620.
Plan B: On the breaking of trendline one can sell for the target of 1.06983 where the major support lies.
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
EURCHF A1 Long C Grade (Idea)Another day, another reason to avoid low probability trades. Once again, day after day, the market continues to show me why I always follow my rules. Low probability trades can win or lose, but they tend to lose more often than they win, especially with the combination of an over extended candle inside the Asia range. These have been a loss after a loss and that's why I will alwasy skip these trades. I'd rather be out of a trade I want to be in, than be in a trade I want to be out of.