Eurchfbreakout
EURCHF FUTURE DIRECTIONAs we can see eurchf is in strong resistance level so it is also showing price action i am expecting a sell with a good risk to reward ratio.
Take profit and stop loss are in the picture .
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EUR/CHF Technical Analysis
The counter has been trapped in a triangle pattern.
It is currently trading around the resistive trendline.
We expect the pair to find resistance and move down to the lower trendline.
EURCHF SWING LONGEURCHF Finally has broken out of a 2 year descending trend line, which gives us a shift from a selling to buying BIAS, extra confluence is that it has just bounced off a demand zone and has successfully retested it on a 78.6 fib level. I'm already holding BUY Positions and I expect price to rally to my final TP around 1.1000
EUR/CHF Technical Analysis
The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
EURCHF POSSIBILITIES buy setup looking forward to a brake out of the symmetrical triangle and a restest of the brake out for an nice long trade
EUR/CHF Wave Analysis
The counter has completed a bear cycle and is due for a correction.
It formed an inverted head and shoulder pattern in the lower timeframes and has broken out.
Hence, we expect the counter to be bullish in the near-term.
EURCHF - Bullish Target after retest and breakout confirmation!!EURCHF - Bullish Target after retest and breakout confirmation!!
EUR/CHF LONG SET UP TITLE-BUY LIMIT EUR/CHF
ASSET-FOREX
TYPE-BUY LIMIT ORDER
Time Frame-1D
ENTRY PRICE 1-1.06360 market
ENTRY 2-1.06030 pending
STOP LOSS-1.05760 (60 PIPS)
TAKE PROFIT 1-1.06860(60PIPS)
TAKE PROFIT 2-1.07360 (100 PIPS)
TAKE PROFIT 3-1.07860 (150 PIPS)
TP.4-1.08360 (200 pips)
Trail STOP LOSS AT TP.3
Tp.5 1.08860 (250 PIPs)
Tp.6 1.09860 (350 PIPs)
STATUS: entry 1 active
EUR/CHF Technical Analysis
The counter made a steep after forming a head and shoulder pattern.
However, it found buyers at lower levels and pulled back only to be capped by neckline.
Further, the pullback has formed in a bearish bat structure.
Hence, we expect the pair to be bearish in the near-term.
EURCHF long with target at 1.10100EUR pairs might have completed their consolidation as we have very high probability setups on EURJPY, CHFJPY & EURCHF.
Trendline broken - Retested - 4 hour bullish candlestick - renewed EUR strength.
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.05536 where it could potentially rise further to 1.08209.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.05536 where it could potentially rise further to 1.08209..
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF BUY SETUP?I don't like over complicating things. This to me looks like a reversal falling wedge right? Looking to buy around my entry point. Looking to take extreme profits at 1.103 at least. Will be trailing my stop loss until i get to the top of the impulse.
EURCHF - DAILY - LONG SETUPEurchf bouncing from a monthly and weekly demand and key support level.. upside targets 200-300 pips.
EURCHF EURCHF is trading withing a weekly Gap demand zone and approaching the market threshold (MTH).
Two scenarios can happen, Price could react on the MTH of the weekly Demand zone to retest the Daily DBD Supply zone which has a Quasimodo.
pattern.
Two entries are possible for a buy,
1. Buy at the MTH or,
2. Buy stop at the break of the H4 trendline
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.08391 where it could potentially rise further to 1.09124.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF bounced from support, potential for a further rise!
EURCHF bounced off 1.08391 where it could potentially rise further to 1.09124.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF approaching support, potential for a further rise!
EURCHF approaching support at 1.08391 where it could potentially rise further to 1.09124.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF potential reversal!
EURCHF expected to rise up to 1st resistance at 1.09128 where it could potentially react off and drop down to 1st support at 1.08651.
*Disclaimer.*
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EURO/SWISS UPDATE - DOWNANALYSIS ON EURCHF
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the EURCHFpair.
- Price above 200 day EMA.
- look for sell opportunities.
- Expecting more downward momentum.
- Watch 1.09406 for take profit.
- MACD showing bearish divergence
Stay Tuned
