Eurchfsell
EURCHF SELL down to 1.1000 The have been weak since last week early week rally, the and has rejected the 1.1200 level again making Past support turn into future resistance. There was a lovely evening star formation last week and it seem to be holding. This gives you an opportunity to SELL down to 1.100 with relatively no past points pf support until that level. If you want to confirm the trade more wait until the close of the daily candle if you are conservative.
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ELLIOT WAVE: EURCHF SET TO EXTEND HIGHER IN THE LARGER CYCLEHi Traders,
The rally on EURCHF from the major low at 1.11621 took the form of Elliot wave impulse structure, labelled (i)-(v). According to the Elliot Wave theory, a three wave retracement follows every impulse move, in the EURCHF's case, the decline from wave 1/A high unfolded as a three-wave (a)-(b)-(c) zigzag pattern in wave 2/B.
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The correction also finds support with a bullish pin bar at a key horizontal support level that lined up with 61.8% Fib of the impulsive move. If the count is correct, a 5-3 wave cycle is completed, and the price can be expected to resumes in the direction of the impulse according to the theory.
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What does this mean for the EURCHF? The price is expected to extend higher in a five-wave pattern in wave 3/C. A target above wave 1/A high is plausible in the mid-term.
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Do you like this Elliot Wave Analysis? Kindly leave a comment.
Thanks for reading!
Veejahbee.
ELLIOT WAVE: EURCHF SET TO EXTEND HIGHER IN THE LARGER CYCLEHi Traders,
The rally on EURCHF from the major low at 1.11621 took the form of Elliot wave impulse structure, labelled (i)-(v). According to the Elliot Wave theory, a three wave retracement follows every impulse move, in the EURCHF's case, the decline from wave 1/A high unfolded as a three-wave (a)-(b)-(c) zigzag pattern in wave 2/B.
.
The correction also finds support with a bullish pin bar at a key horizontal support level that lined up with 61.8% Fib of the impulsive move. If the count is correct, a 5-3 wave cycle is completed, and the price can be expected to resumes in the direction of the impulse according to the theory.
.
What does this mean for the EURCHF? The price is expected to extend higher in a five-wave pattern in wave 3/C. A target above wave 1/A high is plausible in the mid-term.
.
Do you like this Elliot Wave Analysis? Kindly leave a comment.
Thanks for reading!
Veejahbee.
EURCHF TO EXTEND HIGHER IN THE LARGER CYCLEHi Traders,
The rally on EURCHF from the major low at 1.11621 took the form of Elliot wave impulse structure, labelled (i)-(v). According to the Elliot Wave theory, a three wave retracement follows every impulse move, in the EURCHF's case, the decline from wave 1/A high unfolded as a three-wave (a)-(b)-(c) zigzag pattern in wave 2/B.
.
The correction also finds support with a bullish pin bar at a key horizontal support level that lined up with 61.8% Fib of the impulsive move. If the count is correct, a 5-3 wave cycle is completed, and the price can be expected to resumes in the direction of the impulse according to the theory.
.
What does this mean for the EURCHF? The price is expected to extend higher in a five-wave pattern in wave 3/C. A target above wave 1/A high is plausible in the mid-term.
.
Do you like this Elliot Wave Analysis? Kindly leave a comment.
Thanks for reading!
Veejahbee.
EUR/CHF: Day-Swing-Setup! Huge MOMENTUMHey tradomaniacs,
welcome to another free signal!
Important: The market is still news driven and very nervous due to tradewar-talks!
Tarrifs might come this midnight (german time). So be carefully and reduce your risk as good as possible!
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Type: Day-Swingtrade
Sell-Limit: 1,13916
Stop-Loss: 1,14088
Target 1: 1,13655
Target 2: 1,13461
Point of risk-reduction: 1,13793
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Euro / Swiss Franc EURCHF to SELLMarket getting ready to change trend for a sell.
RSI signalling overbought at 75 reading.
Get in on buy and enjoy your profits.
Market often forms a double top/bottom to signal trend reversal so look out for that.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.