EURCHF after the test of the daily support at 1.07450 bounce and rertraced until the resistance structure at 1.07880. The market hit the 0.382 Fibonacci level and now looking for the next move. IF the price will break and close below the support structure we can set a nice short order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣...
I was in a short position on this trade, but closed in small profit last week. Right now looking at the price action we see some bulls joining the game. Since EUR didn't open really strong and it is just Monday if this trade confirms I will be entering a position with only 0.5% risk. Have a great week everyone!
EURCHF after the break of the major descending channel on the weekly chart is now moving inside an ascending channel. The price attempt to break a few times the monthly resistance structure at 1.08300 without success. On the daily chart after the last attempt to break above the structure the market got pushed back at the 0.618 fib retracement. IF the price will...
EURCHF after the recent highs started a bearish move until the 1.07400 area. The market bounces exactly over the support at the 0.618 and now testing the 0.5 level. IF the price will break and close above we can set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure...
* green support zone * support of red trend line * support level 0.618 fibonacci Ext & Ret *divergence of MACD & RSI in 1h * And more power of bullish waves tells us that is time to go up 🔼 After breaking the orange line 🟠 or after pullback to the green zone 🟢, we can open a buy position if my analysis was helpful to you , please like it or cheer me
After extremely strong move to the upside, EC started consolidating and finally broke the trendline with a nice formation to the downside and possible SHORT trade with a 3.66 RR Make sure to wait for the fat blue line to be broken with strong candle. If it barely breaks it or if you see a long wick, be careful with this trade.
The monthly trend line has been broken - following a previous drop and then rise in price to the previous consolidation. Price seems to be in an expansion phase however it is making HH's and HL's and price closed above the historic bearish trend line twice - creating a new high and then a slightly HH. However, considering CHF's strength - this could possibly be a...
good idea for long traders (EURCHF) ... i think we will have a break out from the trendline .. we have (Strong support line) & (Strong Support line).. i hope best for all ..
EURCHF is trading near to a monthly structure. The price attempt to break above but always pushed back. After the last bounce on the 0.382 the market started an uptrend over an ascending trendline. IF the price will break and close above the upper structure we will see a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣...
Main items we can see on the chart: a) The price has reached a major Support zone b) The previous bullish movement happened in the next sequence: -The price broke a descending structure -The price made a corrective pattern above the broken descending structure -New bullish movement came after the breakout. c) If we take the previous scenario as the...
EURCHF price forecast, buy/sell on breakout Share thoughts in the comments. Like and follow for more content
EURCHF on the daily chart broke the descending channel that and now testing a monthly resistance. The price on the 4h chart after the bullish move started a consolidation range between 1.07800 and 1.08200. IF the price will break below the support area we will check for a short position according to our strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
HELLO TRADERS - H4 Wedge pattern. - Divergence on RSI. - Price is on Daily resistance. - Entry can be taken after H4 rejection below 1.08380 for a good risk & Reward ratio.