Eurchfbuy
EURCHF, 4hr tf, buy after completion of wave-4Hello my friends,
Another setup coming to you.
I've already posted NZDCHF, NZDJPY, XAUUSD, and CADCHF.
The last trading plan for next week is EURCHF.
I am using 4hr time frame for this analysis.
As you can see the recent upwards movement could be labeled with Elliott Waves count and i think we're pretty much done with Wave-3.
This is now a corrective wave which gonna be Wave-4.
I think we could see Wave-4 correction end at 1.0810 area which is the 50% fibonacci of Wave-3.
I am gonna set a buy limit around that area.
For our protective stop loss it will be at 1.0785 slightly below 4hr support level.
I am not using Wave-1 end point as stop loss because in case the Elliott Wave count fails, we have a backup plan of that support level.
Buy EURCHF 1.0810
Stop loss 1.0785
Take profit 1.0870 (2.4R)
RR Ratio 1 : 2.4
Use only 1-2% risk
Good luck
EUR/CHF Technical Analysis
The counter has formed a dragon pattern.
In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
Further, it is on the verge of breaking out the trendline (a break validates it).
Hence, we advise traders to be long in the counter once it crosses 1.730.
EURCHF - SWING - 02. NOVE. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Very bullish price action and closure!
4 HOUR
Bullish market pressure with good long entries.
DAILY
Overall very strong market structure.
-
FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07000
SL @ 1.06740
TP @ 1.07390
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF - SWING - 05. OCTO. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Bullish pressure and price action.
4 HOUR
Price back in range, good long positions!
DAILY
Overall sideways market forming another high..
-
FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07890
SL @ 1.07660
TP @ 1.08220
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF - SWING - 10. AUGU. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Bullish price action and market open.
4 HOUR
Overall sideways waving market structure, good long entries!
DAILY
Expecting another push to previous lows, following midterm trend.
-
FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07780
SL @ 1.07440
TP @ 1.08270
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF - SWING - 03. AUGU. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Strong waving market structure.
4 HOUR
Expecting another push to the upside forming new highs or at least touching last ones.
DAILY
Following midterm trend, good long entries!
-
FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07670
SL @ 1.07270
TP @ 1.08240
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF and Buy Area (28/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
EURCHF and Buy Area (21/7/2020)Buy limit
1.07035
SL 1.06590
TP1 1.07550
TP2 1.07940
TP3 1.08405
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.