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
Eurchfsignal
The #EURCHF is in an excellent potential areaStrong support in the 1.1185 area has already supported the eurchf price twice. It can be seen that every touch of the eurchf in the above support has led to an average price increase of 250 pips.
We can see that we have the exact same model in the Stochastic indicator that strengthens us the buying signal.
(In the case of breaking the support, of course, the signal will change from a buy signal to a sell signal)
Buy EURCHF:
Entry Price:1.1245
Stop loss: 1.1170
Take Profit: 1.1370
#EURCHF Long signal 100-150 pips potential We have been in a bullish channel for several days like you can see above, The ideal entry price in such a situation is that the price is close to the support of this channel like now. We are also taking advantage of the strength of the Euro in recent days
Buy EUR/CHF:
Entry Price: 1.1350
Stop Loss: 1.1310
Take Profit: 1.1427
EUR/CHF (BIG PICTURE) UP-TRENDLooking at EUR/CHF on the daily time frame it is pretty obvious we are on a uptrend. I see a nice respected support Zone highlighted. The Big picture is a nice retest towards highlighted resistance. Long term trade on this one.
Thanks for taking the time to see my idea!