Eurchflong
Eur/Chf Weekly Swing Trade Idea Right now ... You do not have any reason to be buying Eur/Chf other than the idea that Friday It bounced from a important support (Or Supply) Area!
With that being said .... I expect the Eur to continue to rise....
I think you should open BUY STOP ORDERS ONLY AND NOTHING ELSE ... until you see a daily candlestick buy confirmation!
With that being said ... Friday Closed with what looks like a "TWEEZER BOTTOM" candlestick reversal pattern that could be the bull reversal candlestick we need on the daily chart!
So You Should Be Bull On This Pair... And You should be looking to buy ... and If you decide to swing trade this... You can see the take profit areas on the chart!
I will have 3 positions open with 3 take profits... Stop loss needs to be below the support zone (Which is not that many Pips) giving you the best "Risk To Reward Ratio" that any trade can give you!
Fundamentally ... (Im still looking at Euro News for the week that could give us a reason to be buying) right now we only have technical reasons!
EURCHF. Will the price reach a key level?Hello dear subscribers!
The euro is already at the support level,
this is a great time to buy this currency.
The price will rise,
but first it needs to reach a key level,
if this does not happen,
then the price is unlikely to reach the second target.
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This idea does not provide the financial advice.
EURCHF comes to the 1.06 level 1.06 level of eurchf plays as important support after the fatal crash.it will probably consolidate for a while between 1.0575 - 1.0625.
expect a downside wick to raise the liquidity
EURCHF Weekly OutlookHi Traders, here is the full Update Analysis / Breakdown for EURCHF.
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Updated Chart)
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
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5. Always Be reactive & Not Predictive !
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EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.06262 where it could potentially react off and up to 1st resistance at 1.06607.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF BUY - 4hrhere we have a breakout to the upside
followed by clear retest which has now touched our main support for the third time.
we have now had a clear completed retest back to our marked trendline and the bulls have started to take over.
EURCHFAfter this extension to the downside in this demand zone and now this inverted head & shoulders, expecting a wave to the upside!
Trading Pathways Analysis of EURCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
After virus......Hi, colleagues
SNB told us last that they won't set a range for CHF but we all know that they will intervene....Technically we have support for this trade (oversold badly)
Stops or additional buying(depends on markets) in 1.06
Good luck!
EURCHF - DAILY - LONG SETUPEurchf bouncing from a monthly and weekly demand and key support level.. upside targets 200-300 pips.
EURCHF BUY - 1 hrhere we have a clear double bottom.
followed by breakout by the upside.
we have now had a clear retest and the bulls have started to take over.
we should now see bulls continue to the upside.
eurchf testing the supporECH is testing the support of June 2016 and is probably develope a daily bullish engulfing candle.
with the swiss currency index at the top, this is a potential long trade for the Euro against the Franc
Blue Mind FX - EURCHF (1:20 Risk:Reward)1:20 Risk Reward, very resilient support, confirmation would trigger our long trade, looking for potential retracement to the 61.8% fib level.
We would look to take partial profits at the 31.8% and 50% Fib Levels.
A break of this key support and failed retest would nullify this trade.
EURCHF Cypher pattern setup. Weekly chartSo far everything is lining up..
1. Fib retrace X-A = 382 can't close above 618
2. Fib Extension X-A & back to X = 127 can't close below 1414
3. Fib retrace X-A = D (786)
Target
Fib extension C-D = 382
Stop
Below X
Long EURCHF Buy stop as shown on the idea. Risk 1%
If it goes as planned once it crosses last top set BE
I believe its an ABC for lower, but we could get this up move then see what the pair does
All the best
