After price broke 4h structure with not so great momentum, it quickly retraced has has now retested recent supply zone. But this supply zone is weak as price has a huge imbalance above that it could try to fill, which means that this supply zone is less likely to hold and thus price could only use it just for a momentary retest before breaking it and reaching the...
eurchf analysis, the trend is down, focus more on selling than a friend of the trend, good luck
EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High. We approach Support (1) which is a level that has held since July 27th. Trading Plan: 1. Buy as long as a (1d) candle doesn't close under Support (1). 2. Sell if it closes under it. Targets: 1. 0.96500 (top of Channel Down). 2. 0.93800 (-3.30% decline from the top,...
EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A). That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st. Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg). Previous chart: Follow us, like the...
Hey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance area. Trade safe, Joe.
seems like eurchf going to break multi year downtrend formed descending broadening wedge in 2 days tf and approaching towards trend line expecting massive breakout soon incase of breakout expecting 500 to 600 pips bullish wave in coming weeks
Hey Traders, in the coming week we are monitoring EURCHF for a selling opportunity around 0.96800 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96800 support and resistance area. Trade safe, Joe.
The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have...
EURCHF - 24h expiry 0.9600 continues to hold back the bulls. Risk/reward is ample to call a sell trade. The primary trend remains bearish. The preferred trade is to sell into rallies. 0.9599 has been pivotal. We look to Sell at 0.9597 (stop at 0.9617) Our profit targets will be 0.9547 and 0.9537 Resistance: 0.9595 / 0.9603 / 0.9620 Support: 0.9580 /...
EURCHF broke and closed above a major falling trend line on a daily. The market is currently retesting that. I anticipate a growth to 0.9595 resistance. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in tomorrow’s trading session we are monitoring EURCHF for a selling opportunity around 0.95700 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.95700 support and resistance zone. Trade safe, Joe.
currently the situation oversold.we can see it on the RSI.but EURCHF had broken the trend line 4H so in that point .this pair will do a short term buy correction and it will fall again.
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Hey Traders, in today’s trading session we are monitoring EURCHF for a selling opportunity around 0.95600 zone, EURCHF was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.95900 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.95900 support and resistance zone. Trade safe, Joe.
-SL @ 1.0100 🚫 (conservative) -SL @ 1.0080 🚫 (aggressive) SLO @ 1.0025 ⏳ TP5 @ 1.0000 (closing ALL Buy Positions) TP4 @ 0.9950 (shaving) TP3 @ 0.9830 (shaving) TP2 @ 0.9755 (shaving) TP1 @ 0.9640 (shaving) BLO1 @ 0.9490 ⏳ BLO2 @ 0.9465 ⏳ -SL @ 0.9430 🚫(aggressive) -SL @ 0.9400 🚫 (conservative) CURVE ANALYSIS Based on the 1-day timeframe, the EURCHF curve...
EURCHF is trading in a long-term bearish trend. After a consolidation, the price violated a key horizontal support and closed below that. The broken structure and a major falling trend line now compose the contracting zone of supply. I will expect a bearish movement from that at least to 0.953 support. ❤️Please, support my work with like, thank you!❤️
The EURCHF pair eventually hit our 0.95555 bearish target as set by our sell signal in June (see chart below): The price is now past a 1D MACD Bullish Cross and on the bullish wave of the 7 month Channel Down. We therefore go long again targeting Resistance 1 at 0.96510 on the short-term and if a 1D candle closes above it, we will extend it towards the 1D...