Hey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.985 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
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Hey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.991 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
EURCHF - Intraday - We look to Sell at 0.9882 (stop at 0.9903) Bespoke resistance is located at 0.9880. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Our short term bias remains negative. Our profit targets will be 0.9828 and 0.9818 ...
The market has formed a valid bullish setup in the lower time frame when it hits the higher time zone
EURCHF - Intraday - We look to Sell at 0.9943 (stop at 0.9964) Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. 0.9945 has been pivotal. Previous support at 0.9945 now becomes resistance. Our profit targets will be 0.9888 and 0.9878 Resistance: 0.9900 / 0.9920 / 0.9945 Support: 0.9870 / 0.9850...
Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters. There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel. Trade Idea: - Watch for break of the descending red trendline for confirmation - Once entered, SL below the lows (below...
The EURCHF pair has been on a strong sell sequence since the June 09 High, which in fact was a Double Top with the May 10 High. The strength of the sell-off is similar to the Feb 07 - March 07 sequence. Interestingly enough, today's low makes an ideal Lower Low if the pattern in the making is a Channel Down. With the 1D RSI making a short-term Double Bottom, this...
EURCHF - Intraday - We look to Sell at 1.0049 (stop at 1.0072) The weaker Euro has boosted performance. There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 1.0043. Previous support at 1.0050 now becomes resistance. Our profit targets will be 0.9992 and 0.9982 Resistance: 0.9980 / 1.0000 / 1.0050 Support: 0.9960 /...
This is for short term. It's created Wyckoff schematic. RSI shows Bull and Stochastic cross over above 50 line. This is risky Entry so use small size lot. Use Minimal stop loss to avoid huge loss. Before entering the trade do your own research.
EURCHF - Intraday - We look to Sell a break of 1.0397 (stop at 1.0421) We are trading at overbought levels. The medium term bias remains bearish. A higher correction is expected. A break of yesterdays low would confirm bearish momentum. Our profit targets will be 1.0342 and 1.0332 Resistance: 1.0420 / 1.0440 / 1.0460 Support: 1.0400 / 1.0380 / 1.0360
Hey traders, Here is my latest structure analysis for EURCHF pair. Resistance 1: 1.0188 - 1.026 area Resistance 2: 1.0477 - 1.0515 area Support 1: 1.0088 - 1.01 area Support 2: 0.997 - 1.003 area Consider these structure for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like,...
EURCHF is currently in wave 2, which is an ABC wave. Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave! Trade Idea: - Watch for price to come down...
EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level. The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance. How can I approach this scenario? I will wait for the EU market open and check for a possible break above to set a nice long order according to the...
On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our take profit at 1.04915 where the swing high resistance is from our buy entry at 1.03358 where the overlap support, 61.8% fibonacci retracement and 61.8% fibonacci projection are. Alternatively, price may break entry structure and head to our stop loss at...
Hey traders, in the coming week we are monitoring EURCHF for a buying opportunity around 1.036 zone, once we will receive any bullish confirmation the trade will be executed, Trade safe, Joe.