EURCHF Best Buying opportunity
EURCHF Weekly analysis for Swing - Position Trader
It's been over a year since March 2021.
EURCHF has always had a bearish market structure.
with stability and consistency in movement
This indicates a future trend that could lead to a sudden reversal.
Let's look at the next plan. that might happen
I am looking for a medium to long-term buy point.
to enter a round of the beginning of a new trend that is emerging
Technical support reasons are as follows.
- The price has created a QM pattern on the Bullish side.
- The same area as the Qm pattern is a swing low that has been key support since 2020.
- This area is also a significant Demand Zone structure.
as well as having a Double Bottom in the past
- During a one-year downtrend, the price has formed a Bullish Harmonic AB=CD pattern, where point D overlaps with the Demand Zone.
It is technically significant.
The plan is to wait for the price to form a reversal signal in that area.
Whether it is Rejection / Chart pattern / QML
These signals can be detected at smaller time frames.
In case of a risky entry or aggressive entry
Able to buy at the moment by setting a stop loss point.
is below the Demand Zone support line.
Or in another case, if there is no confirmation signal, do not enter the trade.
If the price returns to create a New Lower Low, the plan will be canceled.
P.S. This is an educational analysis, not a signal.
Do not trade according to this analysis. The captain is not responsible
for damage that will occur or profits that will be received in the future
It's been over a year since March 2021.
EURCHF has always had a bearish market structure.
with stability and consistency in movement
This indicates a future trend that could lead to a sudden reversal.
Let's look at the next plan. that might happen
I am looking for a medium to long-term buy point.
to enter a round of the beginning of a new trend that is emerging
Technical support reasons are as follows.
- The price has created a QM pattern on the Bullish side.
- The same area as the Qm pattern is a swing low that has been key support since 2020.
- This area is also a significant Demand Zone structure.
as well as having a Double Bottom in the past
- During a one-year downtrend, the price has formed a Bullish Harmonic AB=CD pattern, where point D overlaps with the Demand Zone.
It is technically significant.
The plan is to wait for the price to form a reversal signal in that area.
Whether it is Rejection / Chart pattern / QML
These signals can be detected at smaller time frames.
In case of a risky entry or aggressive entry
Able to buy at the moment by setting a stop loss point.
is below the Demand Zone support line.
Or in another case, if there is no confirmation signal, do not enter the trade.
If the price returns to create a New Lower Low, the plan will be canceled.
P.S. This is an educational analysis, not a signal.
Do not trade according to this analysis. The captain is not responsible
for damage that will occur or profits that will be received in the future
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