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Eurchfsignal

EURCHF ____ BULLISH EXPANSION IS COMINGHello Traders, I've got a quick update for you. This is the daily timeframe and what we can see is that price is approaching the sell-side liquidity pool (equal lows) as marked on my chart. You will notice that in approaching this sell-side liquidity the bearish candles are beginning to lose momentum. This does not mean we can't see a strong bearish candle expand to takeout the sell-side liquidity. Just keep monitoring this pair. I will keep you guys updated. Cheers, David
Long
by jabariofafrica
20 Reasons for sell EURCHF🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ ✨ Eagle Eye: Looking at the 50-year historical trend, we observe a continuously low and extremely bearish pattern. 📆 Monthly: Price has recently tapped the monthly FVG and has started a new bearish move. 📅 Weekly: The weekly internal structure BOS suggests another strong bearish impulsive move. 🕛 Daily: A clean bearish formation has formed, and we need to seek short sell entries to participate in a long bearish run. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 1 Price Structure: Bearish 2 Pattern Candle Chart: Double top with internal BOS 3 Volume: The volume behavior is unusual. We need to wait for the breakout to confirm the market sentiment. 4 Momentum UNCONVENTIONAL RSI: Sideways momentum is observed at this point. 5 Volatility measure Bollinger bands: Double top formation is evident. 6 Strength ADX: The bearish DMI is currently in strength. 7 Sentiment ROC: CHF is stronger than EUR currently. ✔️ Entry Time Frame: H4 12. Entry TF Structure: Bearish Entry Move: Impulsive Support Resistance Base: Support breakout is necessary for entry. FIB: Support breakout is required. ☑️ Final Comments: We should sell at the breakout. Once the price gives a closing signal below the support level, we can enter a short sell position. 16. 💡Decision: Sell 🚀 Entry: 0.9845 ✋ Stop Loss: 0.9892 🎯 Take Profit: 0.9760 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 5 days
Short
by Optimum369