POTENTIAL TRADE: EUR/CHF Here we have bearish market structure very evidently present. This currency pair has been printing new lows and has failed to create new highs over the past 41 days. We expect this pattern to continue. Short positions look appealing with stops placed 30-40 pips above previous resistance structure.
Banks taking out retail traders previously with a massive bullish candle, however banks have not broke even with that manipulation spike yet, so we could expect price to come back and visit that area. Therefore, I am looking for longs on that pair.
Lagarde’s surprisingly dovish presser from the U.S. session spooked EUR bulls and this anti-EUR sentiment carried over to the Asian session. The pair looks like it could retrace above the previous area of interest or around daily pivots R2 or 50% of Fibonacci retracement as because the short term moving average may suggest bullish trend but actually the long term...
EURCHF might provide a nice short/mid term trade here. Moved a bit up today but at the moment already failing. Been watching it for a few weeks now, think we might be closing in on a nice setup. Assumption is, one more stop hunt as i am showing here on the right. To prevent guessing, i am going to wait for that yellow circle. So want to see a break of the low, see...
GBPCHF Forming Zigzag Correction Which Push It Downside
This pair has been on a downward trend. I am actually curious to see can it make the monthly or not. A pullback should appear before it continues further down. It's pretty much near rock bottom of the charts. So I'm looking for pullbacks and reversals for this pair. For the time being, trading with the trend is key for this pair until it shows otherwise. ...
FX:EURCHF After the breakout of the historic support of 1.1770, Euro suffered the strength of the Swiss Franc. Subsequently a Symmetrical Triangle / Head & Shoulders with dynamic neckline had formed, which brought this cross even more downward and now aims strong to reach the technical Take Profit.
CHF a clear winner in the G10 space has been a finding strong bid via smart money smelling the markets strength of conviction in the SNB ability to intervene decreasing. Positioning is far from stretched, meaning there is plenty of room left on the boat. For those tracking the USDCHF flows 0.970x remains the key level to track: The technical picture is...
EURCHF respected the support level @ 1.0789 Price retested broken major downtrendline Resistance zone at level 1.0833 In case price break this level, we expect for coming bullish wave to target HVN near level 1.0956
EURCHF Short Idea The monthly, weekly, daily & 4hour timeframes are all very bearish Current price action on this 4hour timeframe is retesting the 4hour 61.8% fib level where we will look for strong bearish setups to confirm this continuation Ideally rejection + a lower high formation + bearish setups in this area would be confirmation enough to short We are...
Hi All , If we risk a buy with entry from 1.07996 and sl @ 1.07734. i have marked the two important structure with a black circle , Price has tried to break this structure 4times and a strong push up and then back . so far we stay above .078 we should target 1.09427 first target with an extension of 1.10669.
Swing trade setup for EURCHF. Whats your take on it?
The chart pretty much explains exactly what we are preparing to do on EURCHF, go long! But... yeap, we focus on being professional and "following" the markets without making crazy price predictions as we are no guru's or wizards and we surely have no crystal ball to predict the moves. It is our duty and ongoing responsibility to be proactive and reactive at the...
All the details are listed in the video
As we can see we have hit major support and we can also notice the divergence near critical support, combined with the Bullish Butterfly Pattern we can see, the price has really high chance to bounce back up. Great trade with great risk-reward ratio!
EUR CHF AB=CD Pattern on 6H Chart. I'll take a long position from here. RR: 1.87
FX:EURCHF Possible long on EUR/CHF ENTRY: 1.08627 TP: 1.09333 SL: 1.08160 I am not a by any means a professional trader this account is only for my enjoyment. Any trades you take are not my responsibility and yours alone.
EURCHF touched Support as previous times... Let story make the rest Bullish moviment