Short on the EUR CHF pair. EURCHF looks like it will be turning from the resistance line and head down towards the gap. We've also shown rejection at the resistance with a lower high, so I will aim for a lower low around .1618 of the first wave. Nice crossover on the daily stoch. If it hits the stop loss, then everything will be invalid. Good RR ratio.
Short at 1,1071 yearly R1 and quarterly R1, first target 1,1032 month R2 then month R1 1,0991
Short EURCHF @ 1.10497; TP @ 1.08287; SL your choice
On the daily time frame we can see the trendline which broke to the upside. Looking at the impulse on the left of the daily chart, we can see that there is potential for a big move to the upside on the second impulse. I then need a smaller structure formation on a lower timeframe in order to gain an entry point. On the 4hr we can see a 3 wave structure which...
reason; -rising volume (at support level 1.0837 with double bottom) -rsi divergence -bullish Gartley completion -Fibonacci levels respected 1.086 (fib confluence)
Price passed through the kumo. ADX line rises to 20 and it can be a beginning of new upward movement. We have long opportunity. Buy-stop orders can be placed above 1.09000 level. Stop orders must be below 1.08500 level. Profit target is at the resistance levels. P.S. If you think this information can be useful, please, like it and share. Also I will be glad to...
D leg complate on 1.0814. For trade with this pattern we can be long on 1.0814 and locate the stoploss level below 1.0790. Target 1 will be 1.0883 and the target 2 is 1.0908. Good Luck!
looking for a short here .. Price hit daily resistance and is forming a top pattern ...we also have a very nice fib sequence with retracment to 61% and expansion to 161 % ... all i wanna see is a break of the support to get in short .
The blue box is consolidation and Friday candle is the false break rejected the resistance area. Sell below the Friday's candle.
EURCHF Long soon I believe... Been bouncing off of support past few days... Looking for a opputunity to go long. I will comment when I enter!
We are in a downtrend technically and fundamentally.
EU just came out with new economic figures. Expected Consumer Price Index stats were delivered without shaking this short setup, I have been looking at this week. CHF came out with unchanged interest rate, also following consensus. I've a floating SL around the 200ema and expect it to hit around 1.06400, which is a previous tested psychological level.
This is just begging for a breakdown really. Although this pair can be quite choppy much of the time, that is to be taken into consideration. Lets see
The setup is happened on the support line of a masive rejection on 24/06/2016. Also MACD is showing divergence. Wait for the break up to go long.
Wait for the neck line to break.