Although I don’t rely on patterns much, here is some clean SHS happening here.
EURCHF is moving inside 2 strong weekly structure since the 14th of July. Market created few false signals and quite a lot of noise withount taking a clear direction yet. The price on the monthly chart is close to a extremely strong descending trendline too. At the moment on the 4h timeframe we can notice that the market created a channel cross and broke over the...
Lower highs and higher lows so far. Lets see
I have a .01 swing trade at 1.07715 Expecting price to breakthrough and test previous high, to come down and test bearish trendline, bullish trendline, and this zone. Ideal entry is around 1.07410 Trying to set limit orders and reduce my time and overall risk in the markets. Lets see how this works out. I would love to see price come down and fill this wick...
EURCHF is now starting to rise, I expect the price to hit the resistance line above.
EURCHF on the daily chart looks still inside the big range between the 2 weekly structure around 1.08400 and 1.07300. The market is inside a major slightly uptrending channel (blue lines) and is creating also a minor descending channel (yellow lines). Price recently tested and broke the minor support around 1.07500 and we can expect another test of the daily...
Price back to my trend line resistance. Would it hold or would price turn it to a support?? Lets see
EURCHF on the daily chart respected the uptrending channel. Price attempts a break and tested the daily structure around 1.07300. For the one who likes a shorter therm trade, IF the price will break above the minor structure, we can set a nice long order. Anyway, for a longer term trade, we will wait for the break of the range which kept the price in for a few...
Taken 80% of this position's profit by closing and leaving the other 20% floating. The Euro is in a tuff spot and I am neutral on the bias of the Euro, however I am bearish on the SPX and this would correlate dependently in more downward price action after we get the next lower high. Overall this could be a multi week swing by looking at the daily and weekly...
EURCHF after hitting the top level of the weekly resistance range around 1.08500 area retraced back till the 1.07500 zone. Now price found support at that area and if the price will manage to break and close below the support structure we can set a nice short order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical...
EURCHF sell at 1.07500 rea aim for 1.06500 closes. Stops set at 1.08300 closes on daily timeframe.
I cannot enjoy these pips alone lol. I’m in already. Looking for continuation long after this pullback.
Uptrend till trend line breaks. lets see
One of the longest ranges at the moment is at EURCHF. We have already had the opportunity to look for returns from both levels several times. With each subsequent movement, however, the probability of a breakthrough increases! Now it seems much more likely to see a break up after the price has already come out once, but has returned sharply. We also have a...
EURCHF gain a bullish momentum. After the last attempt to break market got rejected to the 0.786 fib level before starting again the uptrending move. On the weekly chart we can notice that there will be another resistance zone around 1.08500. We will wait for the condition to trigger to set a nice long order acccording with our strategy. ––––– Follow the Shrimp...
Welcome to our weekly trade setup ( EURCHF )! - 1 HOUR Bullish fake-out and price action towards previous highs. 4 HOUR Very strong resistance area right now. DAILY Overall great short entries, price very high. - FOREX SWING SELL EURCHF ENTRY LEVEL @ 1.08260 SL @ 1.08710 TP @ 1.07620 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...