EURCHF - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish price action this week.
4 HOUR
Turned from previous lows, expecting more upside.
DAILY
Jumping on bullish train, good long entries!
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06470
SL @ 1.06170
TP @ 1.06890
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
Eurchflong
EURCHF GREAT potential tradeWelcome to the EURCHF LONG POTENTIAL TRADE .
As we can see in the charts we have a strong support zone here which was previous daily resistance (green) below we have huge monthly support as above in red we have a weekly resistance which willbe our target.
According to the impulse move upwards, the .786 fib lines up perfectly with bottom of support so it might hit that area first before going upwards. I will be entering this trade upon break of the falling triangle structure or test of .786 fib for a low risk LONG position, with targets along the way upto the red resisance zone.
From a commitment of traders perspective, EUR has been getting stronger while CHF has been weakening hence a huge potential for upside and we see a slowening of the downward action.
Hope you guys like the analysis!
Your support is highly appreciated, and any feedback is more than welcome (positive or negative)
EURCHF Bullish Bounce Occurring!!! Long Opportunity!!!We can see that price level is currently very near the 50MA (Yellow Line) which I believe we will see a nice rejection off this level, heading for the upside. Yesterday's candle was rather interesting with a doji candle close signalling to us that a potential reversal can possibly take place. EURCHF trend line is also yet to be broken with yesterday's candle testing that price level, with a nice rejection. As of now, I see a nice BULLISH opportunity with price potentially making a breakout from 50.0 fib level which it tested several times. That is because we can see a strong resistance level there as well. I will be trading the bullish movement for now, taking note of price action when it reaches closer to 50.0 fib level.
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EURCHF H4 LONG PRICE ACTION FORECAST -UPDATE-EURCHF was able to break the price compression in the descending wedge pattern formation. Breaking the resistance line with the further retest place the pair in a clear bullish bias. MACD under a clear divergence, and signaling a diminished bearish pressure for a long entry
The order:
Type: buy-limit.
S/L: 23 pips - R:R | 1:2 -
T/P: target next resistance level
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EURCHF - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Strong break and retest of our main sr level.
4 HOUR
Good pa and pressure, expecting further movement to the upside.
DAILY
Overall slowly dropping market about to change direction..
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06870
SL @ 1.06430
TP @ 1.07530
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 long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
EURCHF - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Turning bullish right now, good entries!
4 HOUR
Following pa and pressure above main sr level.
DAILY
Overall bullish market, great entries and risk reward now.
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07440
SL @ 1.06620
TP @ 1.08620
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