EurChf- Inverted H&S could be into play soonAt the beginning of July, EurChf has broken parity and made a low at the 0.94 zone.
After this low, the pair started to rise and at this moment an inverted H&S can become into play.
The price at this moment is exactly in the neck-line resistance and a break here would expose 1 important figure and technical resistance.
Going further, a break above parity could lead to further gains towards 1.02 which is the patterns measured target.
I'm bullish as long as the price is above 0.96
Eurchflong
EUR/CHF Made Inverted Head And Shoulders , Long Entry Valid ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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EURCHF Wedge and Double BottomEURCHF Broke out from beautiful previous falling wedge and rejected once back again on 50MA and Resistance area only to come back down to find support and to make a double bottom.
Still the pattern is not validated as it did not break the neckline yet.
But the price made another falling wedge pattern and broke out from it.
There is a major resistance at fundamental level 0.97. If the price managed to break it established above it we may see further appreciation. Might break the neckline as well.
EURCHF: Don't Miss this BUY 🚀This pair swept the monthly low and engaged the interest of buyers with the strong bullish candle close.
If you look at the daily time frame you will notice we also had a shift in market structure to once again lure in buyers.
Buyers now have two strong confirmations that price could reverse BUT they will take no notice of the vast liquidity that is building up below the demand and the low.
We will wait for buyers to be stopped out before we join buys with the market makers.
if we time this trade correctly, we could be holding onto a long-term swing with HUGE upside potential
EUR/CHF Trying To Take Previous Res , Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BUY EURCHF ???We have reached Monthly low from 2015 when the depegging event happened though I have seen data on MT4 platforms where the spike down was a lot lower see the support level below.
We can see price action getting very choppy around this level both on the weekly and daily charts and last weeks candle close looks very likely that we will get a move up from this level.
I will look to BUY the EURCHF at or below 0.96 and have a stop loss below 0.946 well under last weeks low as price could come down to test that before moving back up.
For profit target I will look to target the 0.997 area which is the last Weekly low that was taken out to create the current low I suspect price will target there and then sell off again before rallying back up towards the 1.04 area.
Markets are currently heavily driven by fundamentals so what should normally happen from a technical approach may not happen at all.