Eurchflong
EURCHF Long 170 pips!Here we have a FX:EURCHF Long. This BUY is on a structure level and a possible trendline touch.
Fist TP is in the first structure level at 107.4 area where i will secure 50% of my position and let the remainder run. With a Stop loss of 20 pips making the RISK:REWARD 1:8.63.
This is a high probability trade
EUR/CHF BEAUTIFUL MONTLY SITUATION This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction.
Confluences:
1.Price is currently testing a historical zone
Every time price action get to this zone makes a rejection.
2.Also we have a M pattern
After a M pattern we can expect a correction to the neckline.
3.Also price is over extended
When price is over extended we can expect a correction.
With this 3 confluences we get to the conclusion that the price is ready to make a retracement to the M pattern neckline
Be advised
This educational analysis is for price direction only, for entries you have to use your own strategy in lower time frames to minimize risk.
If you have any question please be free to ask me.
THANK YOU FOR YOUR SUPPORT
EURCHF Buy a break setup.EURCHF - Intraday - We look to Buy a break of 1.0817 (stop at 1.0801)
Prices have reacted from 1.0713.
Short term bias is bullish.
A break of bespoke resistance at 1.0817, and the move higher is already underway.
Trend line resistance is located at 1.0805.
Our profit targets will be 1.0865 and 1.0875
Resistance: 1.0817 / 1.0830 / 1.0840
Support: 1.0800 / 1.0790 / 1.0780
EURCHF Buy the support.EURCHF - Intraday - We look to Buy at 1.0741 (stop at 1.0725)
Prices have reacted from 1.0713.
Previous resistance, now becomes support at 1.0740.
A bullish reverse Head and Shoulders is forming.
We look for a temporary move lower.
Our profit targets will be 1.0789 and 1.0799
Resistance: 1.0770 / 1.0780 / 1.0800
Support: 1.0750 / 1.0740 / 1.0730
EURCHF As we have seen CHF Index which is ready to go for Short ride. So XXXCHF like Eurchf is gonna give us strong Bullish Impulse. Price has already started making structure levels which is great confluence for trend shift. The only hurdle is now Counter line which needs to be broken and retest for good Entry.
EURCHF Buy the downtrend break.EURCHF - Intraday - We look to Buy a break of 1.0741 (stop at 1.0726)
Trend line resistance is located at 1.1840.
Daily pivot is at 1.1840.
A break of bespoke resistance at 1.1840, and the move higher is already underway.
Bullish divergence is expected to support prices.
A lower correction is expected. ň
Our profit targets will be 1.0782 and 1.0792
Resistance: 1.0740 / 1.0750 / 1.0765
Support: 1.0830 / 1.0820 / 1.0800
EURCHF TO CONTINUE ITS DOWNTREND?As we have seen, this pair continues to trend to the downside with continuous lower highs and lower lows forming.
Now, we're waiting patiently for some decent pullback before jumping in on sells.
We want to see this set up and give us some more added confluence before a trade can be called.
EURCHF LONG OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCHF for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURCHF LONG OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCHF for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.