Hello hello TradingView community! Hope you guys are doing fantastic! Just wanted to come on here and make a post for a potential opportunity I see for potential buying opportunities on EURCHF currency pair! So let's dive right in
OK so first things first. The reason I am looking at this currency pair as an opportunity to trade is the huge influx of buyer volume and interest that came in around 0.93500 price handle which sent prices over 300 pips to the upside. Which is a large move for the EURCHF pair. With that in mind and considering as retail traders we do not move the markets this displayed to me large player interest in buying the EURO vs the SWISS FRANC and put this on high alert for me.
So how do we get involved? Well for me I like to keep it simple...WAIT FOR A DISCOUNT. So for me I am waiting for prices to potentially pullback to the 0.94100-0.94200 price region before looking for buys.
Confluences I am seeing are a Fibonacci retracement alignment, demand zone, & potentially if we can get oversold conditions on the RSI as well that would be great.
OK guys hope this brings some value to you and to all my currency traders out there please boost this post and follow my page for more accurate analysis and setups!
Cheers!
OK so first things first. The reason I am looking at this currency pair as an opportunity to trade is the huge influx of buyer volume and interest that came in around 0.93500 price handle which sent prices over 300 pips to the upside. Which is a large move for the EURCHF pair. With that in mind and considering as retail traders we do not move the markets this displayed to me large player interest in buying the EURO vs the SWISS FRANC and put this on high alert for me.
So how do we get involved? Well for me I like to keep it simple...WAIT FOR A DISCOUNT. So for me I am waiting for prices to potentially pullback to the 0.94100-0.94200 price region before looking for buys.
Confluences I am seeing are a Fibonacci retracement alignment, demand zone, & potentially if we can get oversold conditions on the RSI as well that would be great.
OK guys hope this brings some value to you and to all my currency traders out there please boost this post and follow my page for more accurate analysis and setups!
Cheers!
Note
EURCHF moving closer to zone of demand
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.