looking for a small consolidation plus a breakout to the upside here. lets see how it unholds. Enjoy
Simple ABCD Trade + 0.618 fibo retracement on bigger move
Long EURCHF: 1. Having watched the 1.08 level closely post-brexit it certainly looks as if there is some FX intervention going on at the 1.08 handle - suspicions enforced even more as SNB President Jordan says FX intervention is on the cards should CHF move even higher/ Rate cut possible another 50bps. 2. Plus EUR vs CHF september rate expectations are skewed...
The CHF hit a seven-week high against the EUR today, as investors flocked towards safe havens on worries that Britain will vote to leave the European Union at a referendum in two weeks' time. Though odds offered by betting websites and bookmakers point towards a vote for Britain to remain in the EU, polls have not offered a clear picture of what the outcome of the...
38.2 HIT AND BOUNCED BROKE TINY TRENDLINE IM LOOKING FOR UPSIDE TARGET
Solid Bearish Bat forming on EURCHF, look for the sell off at around 1.11500, the perfect bat entry would be around 1.11927 though. I won't be trading this pair because, it is too slow, just wanted to throw it out there for those of you that like it.
We were in a minor uptrend on the 4h chart before an impulse bearish wave came out.Now i'm looking forward for the break of this trendline to confirm that we're going bearish for some time, and Ill look to sell any corrective structure to the downside. Trade your plan, plan your trade.
Hello Traders, Here is a nice set up for a short trade. I will be looking at the 0.886 level of the cd in the ab=cd pattern for a short entry. This is a trade that I will take with caution as there could be potential to hit 5". As of right now, I have my eyes set on Geo's Off-Set rule at point 4 as an exit. Updates to come further in the trade. Best, Chartistry
The pair is going up inside a corrective structure after the Swiss bank impulse and now broke the weekly downtrend to the upside, it looks good to buy the pair now up towards the structure top as shown in the chart
One type of signals which could be provided by Bollinger Bands, it's expansion. DMI confirmed breakout and gave the signal for opening Long trades. Stop Level is below MA20 and Profit Level is near 1.1150. Weekly chart confirms Long trades.
EURCHF has broken out of the prolonged and boring corrective structure which has lasted for more than 120 days, now we are presented with a strategic buy entry from here up to the trend line of the larger structure as the initial target.