EURCHF is about to break out of the wedge pattern, hit the first local resistance, retrace to the 0.382 fib level, and then rise up to the second resistance level. On top of this, currently EUR is much stronger than CHF making it more likely for the pair to rise. Entry @ 1.06621 SL @ 1.06387 TP @ 1.06928
EURCHF, 1H Chart, Harmonic Bearish Shark Pattern RR:5.86
Hey, another Forex idea, not for today, but for the next week. EUR/CHF is in a Falling wedge which is a bullish formation. This is a swing trade that can take a week. Optimal entry area 1.06000 - 1.06160 Second entry area Buy the breakout of the Falling wedge downtrend line. Take profit area 1.07470 - 1.07600 Make sure to follow me in order to not miss out on...
Price action and structure analysis. Thoughts/potential scenarios/trading plan explained.
Welcome to our weekly trade setup ( EURCHF )! - 1 HOUR Bullish price action this week. 4 HOUR Turned from previous lows, expecting more upside. DAILY Jumping on bullish train, good long entries! - FOREX SWING BUY EURCHF ENTRY LEVEL @ 1.06470 SL @ 1.06170 TP @ 1.06890 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave...
Same triangle formation on EUR/CHF hour chart. The breakout hasn't happened jet. The price is open for both direction.The trendline crush is more likely because of the RSI divergence,but we can trade both with an OCO buy stop-sell stop order.
1.06163 - 1.06342 Add to Watch List Signal ID: 72376 Time Issued: Friday, 03 July 2020 00:00:15 GMT Status: open Entry: 1.06163 - 1.06342 Limit: N/A Stop Loss: 1.06611 The Tidal Shift Strategy has just sold EURCHF at 1.06253. The system recommends entering this trade at any price between 1.06163 and 1.06342. The signal was issued because our Speculative...
Waiting for bounce here on This Support line if daily close Green than i am adding This one Early Entry can be done on 12 Hr closing keep watching all the levels here's the Daily Chart
EURCHF Short Direction: - PFH (Peak Formation High) established 3 days ago which started a Bearish Cycle. - Bearish Momentum is seen on the H4 as lower lows and lower highs are being formed. Entry: - Price point was held for multiple hours over two days, and no candle closed above this point. Multiple candles pinned this point, indicating the high was going to...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.0626). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
The title was totally a joke. I have been waiting this structure to be completed for 4months. Finally it gives me proper structure to follow and trade. I'd recommend you to take Kong-Term trade on this pair with ag good risk and reward ratio.
Looks like price is making its way to a squeeze in a sensitive price point where price can very well fly or drown. I have planned out 2 entries incase price decides to drop below our price pattern both aiming for 3:1 RR or higher.
Am also expecting to see a strong EUR against the Swiss Franc in the coming weeks. We have a nicely formed rhombus which as well retesting. Entry is best around Tuesday after observing what Monday presents.
Main Items we can see on the chart: a) We have seen a reversal movement from a major support zone at 1.05 b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement c) After the Breakout of the first descending trendline, we are observing a 4HS compression d) If the Compression is broken, we...
EURCHF is trading within a bearish flag pattern. I am waiting for 1H violation of support of the descending triangle formation to confirm the breakout of the flag. In case of the confirmed violation, the price will most likely drop. target levels will be: 1.0665 1.065 if the price respects support and closes above current local high, setup will be invalid.