EUR/CHF long Trade +Hello, Traders!
Monfex is at your service and today we overview EUR/CHF .
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14 .
But it is more inclined to think that there will be a downward rebound from the resistance line, since a strong trend movement and a good trading tone is sell from the main resistance levels.
Active Trade Signal by EUR/CHF
Buy near 1.1020
Take profit ~ 1.1158
Stop loss at 0.986
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Eurchflong
EURCHF approaching resistance, look out for potential reversal!
EURCHF is approaching its resistance at 1.09389 where it is could reverse down to its support at 1.08962.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF, Buy on H1**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.
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GWBFX
EURCHF LongHi,
This is a technical continuation coming from the bullishness we found yesterday. We just got some bearish Manufacturing PMI data in the CHF. This is a technical setup to get on the bullishness. A pullback to the 382 area and a break of the highs.
Entry: 108876
Stop loss: 108724
T1: 108977
T2: 109177
Trailing stops to break even at 108977. Taking 1% risk on this trade.
EURCHF (EURO / SWISS FRANC) - BUYYes there is buy opportunity in EURCHF.
EURCHF is in down trend and over bought situation. You can see it in stochastic indicator as well. This is gives us a one confirmation to go for buy option. And there is a strong support in 1.08369 and we can see that there is an inverted candle where end of the chart and that also in over sold area, and its on a real good support. so if you consider those all there is a buy opportunity in EURCHF.
Special note: We can call this trade as a countertrend trade, kind of a swing trading strategy. Coz trend will reverse from this place for certain period and keep continue the major trend. Trade at your own risk and this analysis not based on fundamentals.
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clear divergence in EURCHFwe can see a RSI divergence in H1 chart and the price is on a support zone in H4; price is under low Bollinger Band ancd could push up towards 1.09150 at least.
Good risk return trade; set your stop loss under 2019 lows of this pair.
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BUY EURCHF AFTER PULLBACKFX:EURCHF
Buyers are having a field day. We saw price impulse bullish and it's currently rejecting off a solid point of resistance. Price is showing potential to retrace at least 50% of that bullish move before the buyers come into play again. You can also see this as buyers taking profits.
Entry, stop loss and take profit have all been marked. Risk no more than 2%.
EURCHF outlook Bullish!As Explained in the Chart!
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
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