EUR/CHF has been squeezed into a very narrow trading band between 1.0950 and 1.0900. A break either side could set the direction of this pair for some time. Interestingly the 200 day sma falls right in the middle of the wedge. As the price has been held under the 200 for several hours now, I favour a move to the downside.but we could move sideways for a while...
Hello everyone we have few patterns on this pair also a nice channel. On weekly time frame we a harmonic pattern lining up within the channel. Also on the smaller time frame I am waiting for a breakout to the upside potentially to the last leg and we can short from there. If the price manages to break to the downside then we have another pattern (I will post in...
I think there is High probability to go short. Any comments are welcome
Good day traders, I´m posting a unusual chart for FX newbies , as most of them are interested in selling high and buying low for a few pips, when the higher probabilities and the big profts are coming from buying on dips and selling on rallies, I entered long at 1.095 with SL 1.089 Good luck and have a great weekend Josep Pocalles
EURCHF Sell Idea On the H1 chart we can spot a bearish divergence and a potential double wave cycle. Bottom of range is also the neckline of a potential H&S pattern. As long as last high holds sell the break of the range support 1.0938 TP 1.07703 SL 2 pips + spread above last high.
Hi all, I was looking at the EURCHF and see 3 potential entry points that would make a good trade with a nice risk : reward ratio. Information on possibility 1 (long): Entry: 1.0815 Stop: 1.0721 Target 1: 1.0907 Target 2: 1.9635 Information on possibility 2 (short): Entry: 1.10535 Stop: 1.10762 Target 1:1.0958 Target 2:1.0868 Information on possibility 3...
Potential Cypher and Bat Completion at Previous Structure On 1 Hour
Good morning traders, A simple trend following setup, Long while above 200 MA , with SL below 1.087 You can subscribe to my mailing list for FX Alerts : eepurl.com 6 Trading Rules : 1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4....
After this double wave cycle completed we find a bullish convergence on histogram. Look for a double wave correction towards support in order to go long aiming T1 38.2% fibo of double wave cycle towards 1.0960. And T2 Daily TL.
After pair hit the first target, it will probably gives us another selling oportunitty,