Strong support in the 1.1185 area has already supported the eurchf price twice. It can be seen that every touch of the eurchf in the above support has led to an average price increase of 250 pips. We can see that we have the exact same model in the Stochastic indicator that strengthens us the buying signal. (In the case of breaking the support, of course, the...
Looking at EUR/CHF on the daily time frame it is pretty obvious we are on a uptrend. I see a nice respected support Zone highlighted. The Big picture is a nice retest towards highlighted resistance. Long term trade on this one. Thanks for taking the time to see my idea!
EURCHF to go lower. The pair is confined within a range since Nov-18. The range is more or less about 270 pips in between. Within this range created a descending resistance line and each time it tested the line if failed with a bearish key reversal. Expecting the pair to go lower and eventually break the support line towards 1.1080. fb.com
RSI is nearing oversold territory, respected upwards trend line. Looking for a push upwards on the 4 hour chart.
Bearish Cypher pattern has been spotted on EURCHF 1D, we expect the bears to be in control to the 1.119 level (blue marked zone)... A VERY LONG TERM SETUP for the bears... pls like and comment
September 10, 2018 to current date presents a sideways market action in the EURCHF, with November 27,2018 to January 24, 2019 forming a bottom reversal pattern known as the inverted Head and shoulders pattern or head and shoulders bottom. Confirmation of the pattern occurred on January 29, 2019 at ~1.13435 and projection of the minimum target for the EURCHF is...
EUR/CHF has found a new support level on the H4 timeframe between 1.13051 & 1.13302 - Giving me a buy opportunity, so took the trade and went into profits :)
EURCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candles formation - Price rejected Resistance Trendline (since May 18) - Horizontal Resistance Trendline (38% Fibo level) strong - Price broke the Short Term Trendline (since Sept 18) - Stochastic Overbought momentum - Fundamentally, Italy supposed to provide EU with a revised budget...
A bearish signal on EUR-CHF with the target in the area 1.1215/1.1220 and the stop loss at 1.1480/1.1485.
TARGET: 29.5 PIPS TP1 1.1395 TP2 1.1381 STOP LOSS: 1.1450
EURCHF is at a prime position for a short, hope you catch it Like, follow and Comment :)
Analysis: I've seen EURCHF in the process of completing its 3rd wave of wave 5 Hypothesis: I am looking for a wave 4 pullback to the purple reversal zone where I have indicated by the blue arrows. The wave 4 pullback should show itself as a corrective fall (abc pattern or abcde pattern into our buy zone) If it is too sharp of a fall, then I will not...