Eurchfanalysis
EURCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCHF Bullish Indicators:
1) Support zone 1.06807
2) Hammer candlestick on daily
Bearish Indicators:
1) Resistance zone 1.08602 Fib level 38.20%
2) Upward descending trendline
3) Downward trend
Plan A: After forming hammer on daily its looks like the pair will move upward from here and can test the upward trendline and the resistance zone of 1.08602.
Plan B: On the downside if the the pair broke the support zone of 1.06807 the pair can move further downside towards support zone of 1.06000.
EURCHF AnalysisPrice has bounced off a support zone that has proven to push the price up every time the price reaches the zone. This coming week, I will only be looking for opportunities to go long as shown.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk.
#TradeLikeMagnatrio
EURCHF consolidating in a falling channel. Sell opportunity.Hello traders how are you ? Hope all are good.
So here is my simple H4 analysis of EURCHF.
We have two channels one is the D1 timeframe channel. And the second one is H1 and H4 channel which is being created to test the support of the D1 channel. Price is still consolidating in a small channel to hit its target of the major support. Hope you all understands what i am saying.
Have a good day traders.
Peace out.
EurChf can be a good swing buy tradeEurChf has changed its long term trend from bearish to bullish in May 2020 and the pair has risen 600 pips from that low to March 2021 high and this is a lot for this quiet pair.
From that top, a correction has started and the pair fell 400 pips.
At this moment EurChf is trading near a very strong support zone and a reversal is very probable.
I'm looking to buy
EURCHF ANALYSISEURCHF is near a strong support and psychological level at 1.07. Since November 2020 this level has not been broken so it’s a really good buying zone. We will be looking for buy entries if this support holds, last test it was a buy rally until 1.09200 so a good chance for a long term trade. If a candle manages to close below this support we need to look for sell entries if the support is really broken, wait for a retest for a confirmation and enter on a sell.
Wait for a sell signal with EURCHFH4 time frame.
Structure: Downtrend at Daily time frame.
The uptrend was broken when the price broke the Key level at 1.08400.
Wait for the price to return to the 1.08800 area to form a lower peak and appear a sell signal, then you can enter an order with EURCHF.
The profit target is the zone 1.07800 and 1.07000.
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Wish you all have a good trading day!