EURCHF - FOREX - 01. OCTO. 2019Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish reaction to our support zone.
4 HOUR
In a small H4 Pullback, good short entries.
DAILY
Prices still bearish but price is rising, we need a drop shortly!
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FOREX SETUP
SELL EURCHF
1ST ENTRY @ 1.08930
2ND ENTRY @ 1.09080
SL @ 1.09380
TP @ 1.08440
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Eurchfsell
EURCHF ShortHi,
We got a break of the previous swing low 108630 and we are looking to short the EURCHF on the bearish momentum forming on the 15m chart. The idea here is safe heaven buying from the bad CB Consumer Confidence that came out of the US today. We saw strong buying of the CHF, JPY currencies.
Entry: 108630
Stop Loss: 108825
Target: 108163
On the brake of the 108492, I will be looking to trail my stop to Break Even. The first target comes in at 108374 which is where I will take off half the position. The risk on the account is 1%.
BUY EURCHF AFTER PULLBACKFX:EURCHF
Buyers are having a field day. We saw price impulse bullish and it's currently rejecting off a solid point of resistance. Price is showing potential to retrace at least 50% of that bullish move before the buyers come into play again. You can also see this as buyers taking profits.
Entry, stop loss and take profit have all been marked. Risk no more than 2%.
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.08717 where it could potentially react off and up to 1st resistance at 1.08881.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FREE ANALYSIS ON EURCHFFREE ANALYSIS ON #EURCHF
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Expecting some bullish momentum soon on this pair.
MACD already showing Bullish divergence. Keep an eye out for this pair