EURCHF has broken and retested the neckline of a head and shoulders pattern. Target is based on the confluence zone between support and the projection of the head range from the neckline.
SUPPORT + TRENDLINE BROKE + RETEST = SELL TO THE NEXT SUPPORT
EURCHF uptrend if uptrend support if fails to break => buy Leave a like if you enjoy and follow for more info into the market!
Hi all, set some pending orders and get ready to make some pips! Have fun all! We have a great pattern and I believe we should have a breakout soon!
Main items we can see on the 4hs Chart: 1)Price is on a Flag pattern formation that found support on a major Daily Zone 2)Flag Patterns are considered continuation structures 3)Currently, the main form is a descending channel in which the Flag pattern is on it. Based on that if The price breaks out from the Flag pattern, we expect a continuation of the...
Here we have an opportunity to sell the EURCHF after the neckline or ascending support is broken. Initial target is based on daily support levels looking left, and secondary target is based on the price range of the head projected from the neckline. This area also finds confluence with support looking left. Goodluck!
Have a look at the attached link below for the full analysis behind this trade setup: INSTANT ENTRY: AT AROUND 1.13200 LEVEL STOP LOSS: 1.14700 TAKE PROFIT: 1.11700 RR: 1:1 shall there be any updates i will update them here below.
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). 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 above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). 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 above the 21-Day WEMA which acts as a dynamic support....
The EURCHF pair has reached once again an important support level which can be seen on the weekly chart. The support is formed by a confluence of the 61.8% Fib level and a strong horizontal support - the lower levels of the recent range. Shorter-term charts shows a symmetrical triangle pattern which may soon break out to the upside. The pair may retest the upper...
Clearly and simple watch for a lower timeframe for any bullish engulfing a breaking trend for an uptrend good luck
FX:EURCHF OANDA:EURCHF technical analysis of EURCHF;BAY on 4H/1D
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Price is in important zone , going to buy next week Good luck to all
The Tidal Shift Strategy has just bought EURCHF at 1.12409. The system recommends entering this trade at any price between 1.12314 and 1.12504. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.07259, which suggests that the EURCHF could be trending upwards.The 14-period...