EURCHF Market Outlook | Daily Forex Market BreakdownEURCHF
Looking very good I believe we could be seeing a very since swing trade developing. We need to be very patient. Pushing a bit lower but looking like we might be slowing down soon. We need to wait and see if we can keep pushing lower or if the bulls are going to take control.
Eurchfshort
EURCHF POSSIBLE SELL SET UPThis pair has an interesting set up. The price is on a downtrend, on his third structure, and making his third clean touch on the line, also in the old broken support (new resistance), and a .78 FIB level, with that three confirmations the prices has the strong enough to reach the support zone below (1.0796 and 1.0782) and then we will wait if the price make a bounce on any of the two support zones mentioned, or if the price manage to broke those support zones we will look for a bearish candle or chart pattern to enter a short trade.
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EURCHF: A solid buy setup is about to be valid!The chart pretty much explains exactly what we are preparing to do on EURCHF, go long!
But... yeap, we focus on being professional and "following" the markets without making crazy price predictions as we are no guru's or wizards and we surely have no crystal ball to predict the moves.
It is our duty and ongoing responsibility to be proactive and reactive at the same time to our charts and follow our basic analysis process of Past, Present, Future.
In short... we decide on Monday what we will do, but so far indications are we could be buying this one!
EURCHF ShortHi Traders,
The market has broken the structure and it has on retesting the broken support turning resistance, moreover, the pair is on downtrend and it should be fine to sell this from this level; bear in mind that it's on the last days of the year, maybe trend is changing and this could be a fake breakout and it is an indication that the market finished its downtrend; if this breakout works and goes downtrend then this analysis is valid, if not and the market closes above the resistance, we may cancel the trade and open a long position.
Here is the setup:
EURCHF Sell at 1.08631
Stop Loss at 1.09076
Target Profit at 1.09076
Good Luck and Happy New Year everybody!
EURCHF potential reversal!
EURCHF expected to rise up to 1st resistance at 1.09128 where it could potentially react off and drop down to 1st support at 1.08651.
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EURCHF Breakdown AnalysisHi Traders, here is the full analysis / Breakdown for EURCHF.
Keep this pair on your watch-list.
Conditions -
1. Wait for confirmation( Retest Of Counter Trend-line )
2.Use Risk Management( Risk 1% of your capital)
3. Do your Own analysis
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EURCHF sell on H4Plan : wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**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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GWBFX
EURCHF 1H SellEURCHF 1H Sell
**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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Thank you for your support!
Tradewithsam
EURCHF SELLThis pair tends to struggle from the level 1.4478 and above as previously seen it tends to either spike down when this level is reached or form a downtrend. Our situation, it seems that a downward channel may be forming hence why I am placing a short. I feel we may fall to 1.13779 and if we get a breakthrough this level we can move SL in profit and ride the trend to TP2 and TP3! However, as it is the first week of the month you may choose to keep a tighter stop-loss in caution of any reversals if you wish.