As we can see eurchf is in strong resistance level so it is also showing price action i am expecting a sell with a good risk to reward ratio. Take profit and stop loss are in the picture . If you like my Analysis than follow me
Hello Traders, Could EurChf be making a low? I think so......I will update the idea if necessary. Ask any questions in the comment section. Thanks alot.
Weekly Levels just Tested Previous structure and saw a massive rejection down.On the H4 time frame we saw previous higher Low structure around 1.0861 - 1.0855 broken by Price.On 30 mins Time frame wait for a retest around previous broken level forming a Lower high to ride price down. FX:EURCHF WEEKLY DIRECTION H4 LEVELS
price is currently flirting with strong key area (blue box). monitor price action on lower time frames. 1. support will hold and price bounces to retest resistance (trend line) 2. if driving force is enough, price will easily break that area of value.
HI EUR/CHF broke the support line. And as far as the arrow shows, it will fall. HAVE A GOOD DAY.
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...
Broke and Retested. So, it's possible I'll enter this trade.
Trade no.1003 Order Type: Market Execution Sell Sell at 1.1202 SL at 1.1228 TP near 1.1175 or 23 pips++
From the previous two trading session, the Swiss Franc 0.39% descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss. When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc...
Our preference: sales position below 1.1045 with targets at 1,1015 & 1,0990 in extension. Alternative scenario: in excess of 1,1045, aim for a continuation of the rise with 1,1060 & 1,1075 in line of sight. Comment: the slip under the 1,1045 constitutes a negative signal which opened the way to 1,1015.
Volume indicates weakness in bullish trend. Enter upon 38.2% retracement.