Eurchflong
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.06262 where it could potentially react off and up to 1st resistance at 1.06607.
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EURCHF BUY - 4hrhere we have a breakout to the upside
followed by clear retest which has now touched our main support for the third time.
we have now had a clear completed retest back to our marked trendline and the bulls have started to take over.
EURCHFAfter this extension to the downside in this demand zone and now this inverted head & shoulders, expecting a wave to the upside!
Trading Pathways Analysis of EURCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
After virus......Hi, colleagues
SNB told us last that they won't set a range for CHF but we all know that they will intervene....Technically we have support for this trade (oversold badly)
Stops or additional buying(depends on markets) in 1.06
Good luck!
EURCHF - DAILY - LONG SETUPEurchf bouncing from a monthly and weekly demand and key support level.. upside targets 200-300 pips.
EURCHF BUY - 1 hrhere we have a clear double bottom.
followed by breakout by the upside.
we have now had a clear retest and the bulls have started to take over.
we should now see bulls continue to the upside.
eurchf testing the supporECH is testing the support of June 2016 and is probably develope a daily bullish engulfing candle.
with the swiss currency index at the top, this is a potential long trade for the Euro against the Franc
Blue Mind FX - EURCHF (1:20 Risk:Reward)1:20 Risk Reward, very resilient support, confirmation would trigger our long trade, looking for potential retracement to the 61.8% fib level.
We would look to take partial profits at the 31.8% and 50% Fib Levels.
A break of this key support and failed retest would nullify this trade.
EURCHF Cypher pattern setup. Weekly chartSo far everything is lining up..
1. Fib retrace X-A = 382 can't close above 618
2. Fib Extension X-A & back to X = 127 can't close below 1414
3. Fib retrace X-A = D (786)
Target
Fib extension C-D = 382
Stop
Below X
Long EURCHF Buy stop as shown on the idea. Risk 1%
If it goes as planned once it crosses last top set BE
I believe its an ABC for lower, but we could get this up move then see what the pair does
All the best
Brief analysis of future trends in EURCHFFirst of all, it is clear that the EURCHF decline has not ended. At present, the expected increase is only a rebound, so you can only try to buy more orders with minimal risk, and you can increase your position by confirming the increase. The rebound target needs to be continuously updated, and there is great uncertainty
BUY EURCHF ENTER:0.0680 SL1:1.0630 SL2:1.0560 TP1:1.0780 TP2:1.0830-1.0890 TP3:1.1050
Because EURCHF cannot obtain enough historical data, the falling target can only be calculated roughly. The first target is 1.0470. The second target is a large period calculation with a relatively large interval of 0.9950-0.9350. The starting point of the decline is gradually analyzed in the follow-up of the subsequent market
EURCHF buy on H1Plan : wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Reversal is ImminentI am expecting to see a bounce and reversal as indicated by the blue arrow. A move down to 1.0630 before the reversal is possible. I will keep averaging into my long position till that point.
Happy trading!
Linton White
JP Markets
South Africa
EURCHF Possible Inverted H & SHi Traders, here is the full Update Analysis / Breakdown for EURCHF .
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
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EURCHF - LongBelieve this pair is on its final bearish impulsive move. Waiting for price to move down a bit further and i believe we could see a massive reaction with a lot upside momentum.
Could be a nice long opportunity at that crucial level and a long position that could hold out for the rest of the year
Any questions feel free to ask
