EURCHF has recently completed a massive deep bullish crab pattern. TP set at 61.8% fibonacci retracement level. SL set below previous lows.
It may go down in the next days, but in the next weeks and months it could be rising.
EURCHF is currently trending inside the Motive Wave 3 of the applied Elliott Wave Theory after it was confirmed by the retracement of Fib Level 0.618 on the Motive Wave 1 and the EMA 20 & 50 Crossover. It is most likely to continue the bearish trend until around 1.06050 where the trend will reverse to create the Corrective Wave 4. It is good to sell in the...
possible head and shoulders forming on the 1 hr
Looking for a break below the 1.07538 support level for short positions. Alternatively if major downtrend resistance breaks look for long possitions above the 1.10259
Hey guys, Just spotted this trade. Thought it would be a nice setup... Seeing a nice divergence on M15. Idea: Buy @ 1.0810 (above fib), TP @ around 1.0845 (blue arrow) SL: 1.08 (red line)
Here we have a bullish bat forming as price approaches the bottom leg of a rising channel on the weekly chart. Looking for a reversal around the 1.0828 mark and taking profit at the 0.618 fib level from A to D. Bat ratios: AB: 0.382-0.5 BC: 01.382-0.886 CD: 1.682-2.618 XD: 0.886
Here we have a bullish bat forming as price approaches the bottom leg of a rising channel on the weekly chart. Looking for a reversal around the 1.0828 mark and taking profit at the 0.618 fib level from A to D. Bat ratios: AB: 0.382 - 0.5 BC: 01.382 - 0.886 CD: 1.682 - 2.618 XD: 0.886
this is what i think is going to happen. i will wait and see what happens later on to decide on what to do.
Bearish gartley pattern in action. Looking to catch the second wave to the upside in this CD leg that recently broke resistance zone at 1.0950.
EUR/CHF formed a nice Symetrical Triangle and broke to the upside. Now i wait for a pullback to the top of the Symetrical Triangle and enter based on a breakout on a lower Timeframe. The height of the Triangle is copied to the upside for the Profit. Trade safe, Daniel Likes and comments are appreciated and would keep me motivated