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Eurchflong

EURCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from 1st support which is in line with horizontal swing low support, 100% Fibonacci extension, and 78.6% Fibonacci retracement. If prices push up further, prices might face resistance from 1st resistance which is horizontal swing high resistance in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. If prices fall through 1st support, prices might take support from horizontal swing low support, in line with 161.8% Fibonacci extension and 127.2% Fibonacci retracement. EMA is also below prices, showing a bullish pressure for prices.
Long
by TradeGATEHub
** EURCHF ** long trade currently open.Morning all, here's a current open trade, lets see if reaches TP.. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Long
by AL-1-
EURCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from horizontal pullback support, which coincides with 50% Fibonacci extension and 38.2% Fibonacci retracement. Prices might push up to 1st resistance which is in line with horizontal swing high resistance, 50% Fibonacci extension and 61.8% Fibonacci retracement. If prices push down further, prices might take support from horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. EMA is also below prices, showing bullish pressure for prices.
Long
by TradeGATEHub
1
EURCHF Targeting New Level!!! Trend Continuation...Current price movement has shown us a perfect 61.8% fib retracement with a nice rejection off that level. This could signal to us that BULLISH strength has yet to come to a stop. EURCHF managed to reject off our EMA as well as the ichi cloud. Therefore, if EURCHF was to break this level it could signal a huge downward movement. As of now, we have not reached that stage and I am leaning towards a BULLISH opportunity instead. Having said that, we should see a breakout of 1.1160 resistance level. I will anticipating some BEARISH pressure if price head towards 161.8% fib level, also a weak resistance level near that level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
2
EURCHF - Bullish BiasEUR - BULLISH 1️⃣ Reports that the EU may hit vaccination target earlier than projected boosted the euro. CHF - BEARISH 1️⃣ Expectations of a huge US economic rebound and high Treasury yields while the outlook in Europe remains more vulnerable due to rising Covid-19 cases. ===== Technical ===== We are buying the EURCHF above support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
EURCHF facing bullish pressure, potential for further rise!Price is facing bullish pressure as it continues to hold above both the Ichimoku cloud and ascending trendline support, in line with our bullish bias. We could potentially see a bounce at 1st support, in line with our 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback support, and a further rise up towards our 1st resistance, which is in line with our 61.8% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURCHF - SWING - 23. MAR. 2021Welcome to our weekly trade setup ( EURCHF )! - 1 HOUR Strong bullish reaction. 4 HOUR Overall bullish market scenario, looking for more upside pressure. DAILY Clean market structure.. - FOREX SWING BUY EURCHF ENTRY LEVEL @ 1.10420 SL @ 1.10060 TP @ 1.10950 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
29