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EURCHF

EURCHF - How To Trade This BreakoutEURCHF is within a descending channel of an ascending channel... pretty confusing I know but have a look at the chart and you can see which way price will be heading. What we need to do now is find the best entry which is safe and clean. From the diagram in the chart, you can see that our entry will only be after the break of the descending channel and after a bullish correction such as a bull flag. We need to make sure that price has the momentum to move up so we will be waiting for a breakout of the bullflag before entering with stops below the correction. Goodluck and trade safe!
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by WicktatorFX
2
EURCHF - How To Trade This BreakoutEURCHF is within a descending channel of an ascending channel... pretty confusing I know but have a look at the chart and you can see which way price will be heading. What we need to do now is find the best entry which is safe and clean. From the diagram in the chart, you can see that our entry will only be after the break of the descending channel and after a bullish correction such as a bull flag. We need to make sure that price has the momentum to move up so we will be waiting for a breakout of the bullflag before entering with stops below the correction. Goodluck and trade safe!
Education
by WicktatorFX
1
EURCHF– Sellers are still dominantWelcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. EURCHF– Sellers are still dominant Trend: Strong Sell Support/Resistance: R3: 1.08318 R2: 1.07959 R1: 1.07824 S1: 1.07324 S2: 1.06813 S3: 1.06342 Price action: In this case overall flow of EURCHF currency pair is sellers trending way. If we compare buyers and sellers in this case, we can say that buyers tried to break resistance level at 1.07824. They got slaped because of overall selling power, which tells us continuation of this trending idea to potencial targets, if the price broke below 1.07324 support level. On the way up, we can still expect bulls trial, but overall bullish idea will be after breaking their first target. Until then we can be focus on bearish trade idea. Potencial trade idea: Bulls targets: T1: 1.07959 Bears targets: T1: 1.06813 T2: 1.06342 NOTE – We are trading EURCHF via the preferred trading setups Disclaimer : Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
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by EliteFxAcademy
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign Trend: Sell/neutral Support/Resistance: R1: 1.10259 S1: 1.09775 S2: 1.08999 S3: 1.08375 Price action: Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position. Potencial trade idea: Bears targets: T1: 1.08999 T2: 1.08375 NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
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by EliteFxAcademy
EURCHF – this pair is at risky level, where we have to wait for EURCHF – this pair is at risky level, where we have to wait for sell if we get sign Trend: Sell/neutral Support/Resistance: R1: 1.10259 S1: 1.09775 S2: 1.08999 S3: 1.08375 Price action: Buyers were keep going to break resistance level at ,but sellers showed first push few days ago very strong. If they will push again, then we know the answer, but if the buyers keep going and hold above first resistance level, then buyers will have open position. Potencial trade idea: Bears targets: T1: 1.08999 T2: 1.08375 NOTE – We are trading EURCHF via the preferred trading setups by EliteFxAcademy
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by MP4
1
Majors, Minors & Exotic Currency Pairs |Ben WrightSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Majors, Minors & Exotic Currency Pairs | BEN WRIGHT Currency Pairs a) Popularity A currency pair is the structure of the currencies, which are traded in the forex market. According to the latest report of United Nations, there are 180 currencies around the world and the illustrated currencies are the top 8 traded bills in Forex. The currency pairs are popular as they are used for the diversification of the as multiple currencies are involved in it. It can also work as a hedging tool to avoid the risk in the forex, which is generated due to the presence of several transactions. b) Groups There are three types of currency pair groups present, which are major groups, minor groups and exotic groups. Major groups Major currency pairs are those groups, which have US dollar on in its pair. They are also the most traded currency pair in the FOREX. Some examples of major currency pairs are EUR/USD, USD/JPY, and GBP/USD etc. Minor Groups Minor currency pairs are those, which do not contain the US dollar as the major currency. The mostly traded minor currencies are UK pound, Euro and Japanese Yen. EUR/GBP, EUR/CHF and EUR/CAD are some examples of minority groups. Exotic Group Exotic currency pairs are those, which have one major currency and one emerging currency. These pairs are not traded frequently due to the presence of low liquidity in these markets. So me popular exotic currency pairs are EUR/TRY, USD/SEK and USD/NOK. c) Volatility Volatility can be defined as the rapid change in the liability due to the presence of economic conditions of the country. For example, the GBP/AUD is the highly volatile currency pair as the economy of UK is a bit unstable after the Brexit. The least volatile currency pair is EUR/GBP as the after effects of Brexit will take time to reach the International market. HAPPY TRADING :) "The best traders have no ego.You have to swallow your pride and get out of the losses" Tom Baldwin
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by SMPTrader