UPDATE ON EURCHF LONG TRADEHello traders, this is the update on the EURCHF trade that I forecast on Jul 13. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
Eurchflong
EUR/CHF BuyNow we have confirmation of the breakthrough of resistance we should now see the pair pushing up to the next resistance line.
Looking to go long on EURCHFLooking to get a good entry on the retest of one of the prior resistances. Should get a good entry if I can get a good bearish pattern at one of these levels on the 1hr. I will target the previous high and look for a RR of atleast 1-2 but looking for atleast a 1-3RR.
Let me know what you think below!!
Hope this was helpful!!!
EUR/CHF Technical Analysis.Currently, EUR/CHF is trading at 1.0685. The pair started a new up trend after breaking the resistance level at 1.0647. Previously, the pair was trading in down trend for a long time in the descending resistance and support wedges. As the pair has already started a new up trend after breaking the resistance level, its first target price is at 1.0729 and second target price will be at 1.0779.
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Rishikesh Lilawat
EURCHF H4 LONG PRICE ACTION FORECAST After the descending wedge pattern breakout, we could expect the retest of the descending trendline from the pattern for an uptrend continuation. The price structure allows the setup of a long entry with an excellent R:R.
The price action has got rejected from a strong support level from the weekly realm, allowing the confirmation of an uptrend momentum.
The order:
Type: sell-limit
S/L: 26 pips - R:R | 1:2 -
T/P: aiming towards a support trendline.
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EUR/CHF LONG SET UP TITLE-BUY LIMIT EUR/CHF
ASSET-FOREX
TYPE-BUY LIMIT ORDER
Time Frame-1D
ENTRY PRICE 1-1.06360 market
ENTRY 2-1.06030 pending
STOP LOSS-1.05760 (60 PIPS)
TAKE PROFIT 1-1.06860(60PIPS)
TAKE PROFIT 2-1.07360 (100 PIPS)
TAKE PROFIT 3-1.07860 (150 PIPS)
TP.4-1.08360 (200 pips)
Trail STOP LOSS AT TP.3
Tp.5 1.08860 (250 PIPs)
Tp.6 1.09860 (350 PIPs)
STATUS: entry 1 active
EURCHF Long Opportunity Swing TradeBuy at 1.06471
TP at 1.09878
About an 250 pip move to the upside.
EURCHF Long Trade PlanHello traders, here is the trade plan for EURCHF. For trade entry details please refer to the chart. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
long after break of descending channel Waiting for a break of the descending channel to the downside to look for potential longs to around 1.09
EUR/CHF - Swing trade from Falling wedge.Hey, another Forex idea, not for today, but for the next week.
EUR/CHF is in a Falling wedge which is a bullish formation.
This is a swing trade that can take a week.
Optimal entry area
1.06000 - 1.06160
Second entry area
Buy the breakout of the Falling wedge downtrend line.
Take profit area
1.07470 - 1.07600
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EURCHF long EURCHF running falling wedge so better to wait properly break the 50MA in chart and re testing the trending line
EURCHF FUNDAMENTAL AND TECHNICAL IDEAGood day everyone
Here's an idea on the EURCHF pair, The EURO has been strong against most major counterparts in the previous weeks in which global sentiments and the counter currency flow where the main drivers.
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> With the European Central Bank (ECB) we saw some short-term buying for the EURO on Thursday.
> As i had mentioned the EURO has had some strong gains as we saw it hit 3 months high on Friday against the dollar after the European Central Bank (ECB) expanded its stimulus programme
> INVEST.COM - Head Of Mizuho Bank Peter Chatwell " The EURO will keep rallying and more towards $1.20 ,adding that ECB ha " dramatically" supported the EURO by reducing tail risk
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EURCHF support for the EURO was bolsted on wed when Germany launched a 130 Billion EURO stimulus packaged after last months supporting a European union recovery fund that would bring the bloc closer to a fiscal union , EURCHF hit 5 months high while the European single currency rose to 13 month high against the EURJPY..
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We broke resistance level 1.08636 just above 1.618 fib ext level pushed down for a retest of this level now support in the pair possibly signalling continuation to the upside so i will be looking for long entries in the pair...
target 1 - 1.09175
target 2 - 1.09664
sl & entry - follow your rules
RISK-MANAGEMENT
period - swing
EURCHF - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish price action this week.
4 HOUR
Turned from previous lows, expecting more upside.
DAILY
Jumping on bullish train, good long entries!
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06470
SL @ 1.06170
TP @ 1.06890
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCHF Price at Weekly Setup Waiting for bounce here on This Support line if daily close Green than i am adding This one
Early Entry can be done on 12 Hr closing keep watching all the levels
here's the Daily Chart
EURCHF GREAT potential tradeWelcome to the EURCHF LONG POTENTIAL TRADE .
As we can see in the charts we have a strong support zone here which was previous daily resistance (green) below we have huge monthly support as above in red we have a weekly resistance which willbe our target.
According to the impulse move upwards, the .786 fib lines up perfectly with bottom of support so it might hit that area first before going upwards. I will be entering this trade upon break of the falling triangle structure or test of .786 fib for a low risk LONG position, with targets along the way upto the red resisance zone.
From a commitment of traders perspective, EUR has been getting stronger while CHF has been weakening hence a huge potential for upside and we see a slowening of the downward action.
Hope you guys like the analysis!
Your support is highly appreciated, and any feedback is more than welcome (positive or negative)
EURCHF Bullish Bounce Occurring!!! Long Opportunity!!!We can see that price level is currently very near the 50MA (Yellow Line) which I believe we will see a nice rejection off this level, heading for the upside. Yesterday's candle was rather interesting with a doji candle close signalling to us that a potential reversal can possibly take place. EURCHF trend line is also yet to be broken with yesterday's candle testing that price level, with a nice rejection. As of now, I see a nice BULLISH opportunity with price potentially making a breakout from 50.0 fib level which it tested several times. That is because we can see a strong resistance level there as well. I will be trading the bullish movement for now, taking note of price action when it reaches closer to 50.0 fib level.
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