Eurchflong
EURCHF D1 (Monitoring game)Price has been in the downwards trend since beginning of March 2021, creating lower highs and lower lows.
However, it has brought to my attention of the price reached support at 1.087 (76.4 fibo) and it has since rose to 1.093.
If the support is significant, we could see the reversal and long positions could be considered.
EURCHF Buy the pivot.EURCHF - Intraday - We look to Buy at 1.0934 (stop at 1.0919)
Pivot support is at 1.0931.
20 4hour EMA is at 1.0936.
Dips continue to attract buyers.
We look to buy dips.
Trend line resistance is located at 1.0990.
Our profit targets will be 1.0979 and 1.0989
Resistance: 1.0950 / 1.0960 / 1.0980
Support: 1.0940 / 1.0930 / 1.0915
💡Don't miss the great buy opportunity in EURCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.09296).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1.09765
TP2= @ 1.10081
TP3= @ 1.10645
TP4= @ 1.11127
TP5= @ 1.11519
SL= Break below S2
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💡Don't miss the great buy opportunity in EURCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.09296).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 72.
Take Profits:
TP1= @ 1.09765
TP2= @ 1.10081
TP3= @ 1.10645
TP4= @ 1.11127
TP5= @ 1.11519
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EUR/CHF Potential Upward Movement 🚀 Technical Analysis:
The price is bouncing inside a bearish channel formation to the downside before it posted an inverse head and shoulders which led to a breakout to the upside. A lower correction might be seen to the highlighted zone before a move to the upside in the opposite direction of the main trend.
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Trade Idea:
Buy Market Order @ 1.08997
Take Profit @ 1.09266
Stop Loss @ 1.08892
Trade Safely 🙂
EURCHF: Weekly Cupping PatternOur techno-fundamental trade in EURCHF still stands and now we have a weekly pattern forming with unique traits:
Fundamentals:
See previous notes
Technicals:
Positive points:
(1) Weekly cup-with-handle pattern
(2) Pullback to 38% of the move from the lows of April 2020.
(3) Weekly volume is decreasing as the price is falling down, suggesting low interest
(4) d3 pattern in VPA
(5) Confirmed DQ volume
(6) Horizontal price support
(7) puHd
(8) Confirmed RSI strength in the wave
(9) Oversold stochastics
Negative point:
Below the 200 moving average; however, this is normal for a trend reversal or a first base of a continuation after a trend reversal.
EURCHF LONGSPosted this analysis yesterday. Today we had the break out above the asian range that means were going down. Tomorrow in london session I want to see a break below the asian range to 4H bullish orderblock. If something happens like drawn out I will long this pair. First profits will be taken at the highs of wednesday , tuesday and monday to hit stop losses and buy stop orders.
EURCHF W2 June 2021EURCHF
Long Setup
❗️AGGRESSIVE ENTRY❗️
Continuation trade:
👉🏻 As discussed earlier, was expecting another wave down. Now price has tagged the 50.0% retracement. Lower timeframe also exhibits a divergence on the RSI and TDI. Aggressive entry is because there is no uptrend yet! but my validation makes sense as per Elliot Wave Theory.