We were in a minor uptrend on the 4h chart before an impulse bearish wave came out.Now i'm looking forward for the break of this trendline to confirm that we're going bearish for some time, and Ill look to sell any corrective structure to the downside. Trade your plan, plan your trade.
Hello Traders,
Here is a nice set up for a short trade. I will be looking at the 0.886 level of the cd in the ab=cd pattern for a short entry. This is a trade that I will take with caution as there could be potential to hit 5".
As of right now, I have my eyes set on Geo's Off-Set rule at point 4 as an exit. Updates to come further in the trade.
Best,
Chartistry
Yesterday’s buy signal on EURCHF is running good at the moment. The pair is in quite upside trend now. I first gave it a try last week when it broke the bullish flag upper wedge. D1 charts 1.1038-1.1047 is strong support so we’ve bought again at the retest. I am working only with price action here, no other supporting tools. Franc is losing ground against all of...
The EURCHF pair is a turtle but there is another reason for us to look for a short around last week's high. In fact the previous week's high is around the same area which proves to be a strong resistance. I am looking a the 1.1015 level for a short.
This pair's downside movement has come to a halt during Asia today at around 1.09655. This region is in line with historical support and resistance, as well as the upwards trend line. Bullish price action is what we're after in the next few hours before we engage long on this.
The pair is going up inside a corrective structure after the Swiss bank impulse and now broke the weekly downtrend to the upside, it looks good to buy the pair now up towards the structure top as shown in the chart
Another wedge has formed with the EUR/CHF. The breakout has happened but I believe it has some room to go. Im long from 1.0917 and hoping to hit the 1.11 area. Keep it simple!!!
Risk management is the most important factor in trading. With the right method you don't always need to be correct.
Please send me any questions you have... Thanks!!
