EURCHF moving in parallel channel waiting for breakout to trade. Manage your risk according to account size!
EURCHF moving in parallel channel waiting for breakout to trade. Manage your risk according to account size!
Patience is key when it comes to trading. waiting for market structure to form and to meet our confluences before entering.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Here is my idea for this pair. dont forget give thumbs up and comment below Thank you
Sorry for the background noise I was recording this with a baby in one hand lol, I don't usually cover exotic pairs but just wanted to give an example of my trading style and hopefully give you guys a new perspective or idea when looking for trades. Make sure risk is always capped to a comfortable amount and you trade according to your plan, have a good week guys!!
last day price makes a strong uptrend and now price already breakout the structure and price make a consolidation before fall down for downtrend.
last day price make an significant downtrend channel and now price already broke the structure. We must waiting the price make an retest and confirmation for uptrend or just bounced off the resistance area and going back to downtrend. Remember to always waiting the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
EURCHF SHORT SL: 1.09157 TP: 1.08486 RRR: 2.33 Price is showing clear indication of respect to the 4hr line of resistance, thus reflecting a potential fall in the market.
Here is my idea, with small SL 30 PIPS Lets looks some opportunity. My target maybe 2-3 month
... Keep fading any rallies here. A birds eye view -The Weekly
Hi Traders EUR/CHF Multi-Timeframe analysis H1 CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track Support & Resistances 1.08747 1.08920 1.08521 ...
Posted on this a week ago, price has just been ranging over quite a tight area since then but it has held support and stayed above the SL which looks promising for the long trade. MACD is still just below 0 but I think a long can be entered now, you can wait if you want more confirmation. EMA's are very close to crossing for long as well. Setting target at...
This is at support so looking for a rejection to long up to resistance and the top of the ascending triangle. EUR is quite weak at the moment so some risk to this, it is further protected though by the lower trendline which I have placed the SL just below. TP is at the previous high of 1.08680. To be on the safer side wait for price to reject this level and EMA's...
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I see everywhere possibilities that the EURCHF will continue to march higher in the coming week(s) as Buyers continue to hold strong at Demand level @ Fr1.07100/1.07400. Tendency: Downtrend ( Bearish ) Structure: Channel | Trendline | Supply & Demand Observation: i. The Descending channel guides price to Fr1.07400 followed by a sharp rejection of...
EURCHF, already Retested Strong Support, long