EURCHF just tested major support zone. Can be go long.
I see a good reversal candle that is respecting my rules :) will hold it for at least a week or two
We can clearly see that FX:EURCHF is in the up-trend for 4 years. Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback. After a breakout price squeezed to fake out all early buyers. Now we are in this triangle and, if we could get a push to up-side from this triangle...
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
THIS COULD BE A GOOD ONE TO JUMP IN ON THIS COMING WEEK LIKE, COMMENT AND FOLLOW
EURCHF UPDATE THIS IS ANOTHER GREAT RISK TO REWARD RATIO. FOR THOSE THAT ENTERED THE LAST ONE WOULD HAVE SEEN HOW PROFITABLE IT WAS. ENJOY SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
TARGET: 29.5 PIPS TP1 1.1395 TP2 1.1381 STOP LOSS: 1.1450
EURCHF beautiful Wolfe Wave complete at 5th point with stochastic classic divergence confirmation. We can also see double pinbar form at the bottom. I expect to see strong upward movement. www.tradingview.com
THIS IS A GREAT RISK TO REWARD ONE JUMP IN. WE HIT OUR TARGET INNITIALY ITS REVERSED MORE THAN I THOUGHT BUT ITS GIVEN US ANOTHER CHANCE TO ENTER LIKE FOLLOW AND COMMENT FOR MORE SEE PREVIOUS ANALYSIS
THIS IS A GREAT RISK TO REWARD ONE JUMP IN LIKE FOLLOW AND COMMENT FOR MORE SEE PREVIOUS ANALYSIS BELOW
This would be invalidated by move below thin ichimoku to the downside. www.tradingview.com
Although not a big fan of CHF markets due to central bank intervention, but I spotted a nice opportunity for a swing. Looking to short around 1.1677 area for a target to 1.1265, stops above 1.1785.
Expecting EURCHF correction to continue a little more to then start of fresh falls towards my target 1.1365. Look below the link for my previous idea on EURCHF.