EURCHFECHF is in a key buy zone after a long downward trend. Indicators and price action signal a reverse. Wait for break of the 1hr 50EMA with a strong impulse and correction before entering. Looking for 200+ pips minimum. Happy Trading!!!
Eurchfsignal
A strong downward trend to where? #EURCHFThe EURCHF broke support and is on its way to below 200 moving averages, all of which continue to point to a weakening euro.
Entry price: 1.1150
Stop loss: 1.1200
Take profit: 1.1000
The last rise did not hold #EURCHFAbout two months ago the eurchf dropped and touched major support (200 Moving average line) and returned to the upside, but the rallies did not hold up and the market returned to the downside, the nearest target to which the eurchf is going is probably again the Moving average 200.
Take profit: 1.1160
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.
EURCHF SellIf we zoom out weekly and daily - we can see that we have that rejection from aug 21 of 2018 from 1.14500
Today if we look daily we can se that we had an aggresive move to the upside, we had some sort of retracement but could'nt
break that level, and that indicates a double top.
My target is 1.13100 which is a strong support for the pair - then if we break below - risk free
EUR/CHF: Sell After BreakDown !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Possible Short for EURCHFPossible short position for EURCHF. Price is currently moving below both the 50 and 200 EMA , thus indicating a short bias. Price is currently in a huge downtrend spanning for the past few months as you can see with the trend line channel. I have put in a risky short position with a 35 pip stop loss to compensate for the already occurring downtrend so we can survive the likely retrace to the upside. Take profit is at 60 pips. FX:EURCHF
EUR/CHF: Sell From Top !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
EURCHF - BREAKOUT ALERT!!!!dont say i did not tell you. this WILL drop soon. catch it before its too late.
See previous analysis
PLEASE SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
Selling EURCHF after recent's run | Short OpportunityTrade no.1005
Order Type: Market Sell
Sell at 1.1306
SL at 1.1336
TP near 1.1280 or 30pips+
EUR/CHF Could Be Setting Up For A Long TradeHello traders! This is my first video analysis for EUR/CHF and we are sitting at a strong support zone, after forming a triple bottom.
Intraday Sell EURCHF, Range Trading SystemTrade no.1003
Order Type: Market Execution Sell
Sell at 1.1202
SL at 1.1228
TP near 1.1175 or 23 pips++
