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Eurchflong

EURCHF: Weekly Cupping PatternOur techno-fundamental trade in EURCHF still stands and now we have a weekly pattern forming with unique traits: Fundamentals: See previous notes Technicals: Positive points: (1) Weekly cup-with-handle pattern (2) Pullback to 38% of the move from the lows of April 2020. (3) Weekly volume is decreasing as the price is falling down, suggesting low interest (4) d3 pattern in VPA (5) Confirmed DQ volume (6) Horizontal price support (7) puHd (8) Confirmed RSI strength in the wave (9) Oversold stochastics Negative point: Below the 200 moving average; however, this is normal for a trend reversal or a first base of a continuation after a trend reversal.
Long
by Rocketman
2
⛰️ Mountains and Cheese! 🧀 Mountains and Cheese, Cheese-Mountains! The EUR/CHF is currently trading in our yellow target area. We expect a trend reversal to happen soon. This expectation is valid as long as we don’t cross below the 1.09441 CHF. Below this support, the bears are in charge, and we have to deal with further downside potential. Primary expectation are quotes at around 1.13500 CHF to complete the impulsive wave iii depicted in blue. Stops for Long trades can be placed below 1.09250 CHF. What do you think? Cheers.
Long
by MarketIntel
EURCHF Buy a break setup.EURCHF - Intraday - We look to Buy a break of 1.0992 (stop at 1.0976) Trading within a Bearish Channel formation. Price action has formed a bullish ascending triangle formation. Pivot resistance is at 1.0989. A break of bespoke resistance at 1.0990, and the move higher is already underway. The bias is to break to the upside. Trend line resistance is located at 1.1040. Our profit targets will be 1.1038 and 1.1058 Resistance: 1.0990 / 1.1010 / 1.1040 Support: 1.0970 / 1.0950 / 1.0940
Long
by Signal_Centre1
1