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Eurchfidea

EURCHF Trading Plan - 03/May/2023Hello Traders, Hope you all are doing good!! I expect EURCHF to go Up after finishing the correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
20 Reasons for sell EURCHF🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️ ✨ Eagle Eye: Looking at the 50-year historical trend, we observe a continuously low and extremely bearish pattern. 📆 Monthly: Price has recently tapped the monthly FVG and has started a new bearish move. 📅 Weekly: The weekly internal structure BOS suggests another strong bearish impulsive move. 🕛 Daily: A clean bearish formation has formed, and we need to seek short sell entries to participate in a long bearish run. 😇 7 Dimension Analysis 🟢 Analysis Time Frame: Daily 1 Price Structure: Bearish 2 Pattern Candle Chart: Double top with internal BOS 3 Volume: The volume behavior is unusual. We need to wait for the breakout to confirm the market sentiment. 4 Momentum UNCONVENTIONAL RSI: Sideways momentum is observed at this point. 5 Volatility measure Bollinger bands: Double top formation is evident. 6 Strength ADX: The bearish DMI is currently in strength. 7 Sentiment ROC: CHF is stronger than EUR currently. ✔️ Entry Time Frame: H4 12. Entry TF Structure: Bearish Entry Move: Impulsive Support Resistance Base: Support breakout is necessary for entry. FIB: Support breakout is required. ☑️ Final Comments: We should sell at the breakout. Once the price gives a closing signal below the support level, we can enter a short sell position. 16. 💡Decision: Sell 🚀 Entry: 0.9845 ✋ Stop Loss: 0.9892 🎯 Take Profit: 0.9760 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 5 days
Short
by Optimum369