EURCHF on the daily chart after the test of the 1.05 level retraced at the 0.618 Fibonacci level. The market, after a few tests of the level started a new impulse and is now trading below a weekly resistance. How can I approach this scenario? I will wait for the EU market open and check for a possible break above. After that, I will move to the 4h chart to set a...
Hi fellow traders, EURCHF has reached the blue box area. Look for a buy from here and target the resistance levels. Goodluck!
EURCHF - Intraday - We look to Sell at 1.0327 (stop at 1.0351) Daily signals are mildly bearish. Price action continued to range between key support & resistance (1.0250 - 1.0330) although we expect a break of this range soon. The bias is to break to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance levels...
The EURCHF pair has been following the pattern published 2 months ago and has entered into a medium-term Channel Up, while still trading within a multi-year Channel Down: Right now the price is near the Higher Lows (bottom) trend-line of the Channel Up, rendering it an automatic buy on low risk towards the 1D MA200 (orange trend-line) and if a candle closes...
EURCHF - Intraday - We look to Sell a break of 1.0269 (stop at 1.0291) Short term momentum is bearish. Daily signals are bearish. Price action has formed a bearish ending wedge formation. The bias is to break to the downside. Our profit targets will be 1.0215 and 1.0205 Resistance: 1.0310 / 1.0330 / 1.0350 Support: 1.0290 / 1.0270 / 1.0250
From my point of view I think EURCHF made a reversal and started to form higher highs and lower highs, so I expect the price to go lower a little bit to take liquidity brlow PWL (previous weekly low) and to reject from bullish orderblock around price level 1.02000 to start new expansion. ❗We can see how the price made an aggressive retracement this is due to the...
Hawkish commentaries from ECB continue to devalue the European common currency, which provides a little support for the EUR. On the opposite attitude is SNB, which would prefer more stable and stronger CHF. EURCHF broke the support of the bearish flag formation, which might indicate a continuation of the bearish movement for the instrument. If this scenario...
Hello traders...lookout for this trade. Has a huge risk to reward...wait for the small move currently happening within the oval to end and take out the ORDER BLOCK before we move down to break 0.99732.
EURCHF - Intraday - We look to Sell a break of 1.0479 (stop at 1.0501) We are trading at overbought extremes. A lower correction is expected. A break of the recent low at 1.0480 should result in a further move lower. Our profit targets will be 1.0428 and 1.0418 Resistance: 1.0500 / 1.0520 / 1.0540 Support: 1.0480 / 1.0460 / 1.0430
Hey traders, in this week we are monitoring EURCHF for a buying opportunity around 1.039 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hello friends👋 A Symmetrical Triangle 📐 has formed on the 1D timeframe, the upper limit of which was broken 👊, we expect the price to fix📌 and retest the upper limit, then there will be a great point for a long 👍🙏 I will be grateful for the likes👍 and comments✍️.
EURCHF - Intraday - We look to Buy at 1.0261 (stop at 1.0241) Short term bias has turned positive. A Doji style candle has been posted from the high. We look to buy dips. 50 4hour EMA is at 1.0260. A lower correction is expected. Our profit targets will be 1.0313 and 1.0323 Resistance: 1.0310 / 1.0330 / 1.0350 Support: 1.0290 / 1.0270 / 1.0250
EURCHF - Intraday - We look to Sell a break of 1.0306 (stop at 1.0324) Daily signals are mildly bearish. A break of the recent low at 1.0307 should result in a further move lower. A higher correction is expected. Our profit targets will be 1.0255 and 1.0245 Resistance: 1.0330 / 1.0350 / 1.0370 Support: 1.0320 / 1.0290 / 1.0260
✅ Here the price accumulated all previous week and I expect the AMD Pattern, price to manipulate sell side liquidity below PDL (previous daily low) and distribute from the bullish orderblock + institutional figure 1.03000 to take the buy side liquidity.
Hey traders, in this week we are monitoring EURCHF for a buying opportunity around 1.033 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
EURCHF on the 4h chart is trading below a minor resistance area. The price after 2 test of the area retraced over the lower descending trendline and bounced for a new test of the structure. How can i approach this scenario? Being Friday is quite risky to trade in the late sessions but if the market will break above the resistance area i will consider a nice...
EURCHF - Intraday - We look to Sell a break of 1.0149 (stop at 1.0174) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our bespoke support of 1.0185 has been clearly broken. We look for losses to be extended today. A break of yesterdays low would confirm bearish momentum. Our profit targets will be 1.0082...
EURCHF - Intraday - We look to Sell a break of 1.0129 (stop at 1.0148) Daily signals are bearish. A break of the recent low at 1.0130 should result in a further move lower. There is no clear indication that the downward move is coming to an end. Our profit targets will be 1.0079 and 1.0069 Resistance: 1.0200 / 1.0240 / 1.0260 Support: 1.0150 / 1.0130 / 1.0100