This has continued to rise massively, I was expecting a retrace to come around the resistance level but it just continued straight through it like it was not there. This gives an opportunity though when this retraces it should go back to the resistance level and that will now act as support, I am looking for it to go anywhere between 0.382 and 0.5 Fibonacci for an...
Previous trade on this went brilliantly, I had marked out the support level on this previously and then it finally shot upwards just after my last post on the pair. It is now at the resistance level and I would fully expect this to retrace from here back to at least 0.382 Fibonacci before attempting to break through resistance again.
I do not feel there is a...
Posted on this a week ago, price has just been ranging over quite a tight area since then but it has held support and stayed above the SL which looks promising for the long trade. MACD is still just below 0 but I think a long can be entered now, you can wait if you want more confirmation. EMA's are very close to crossing for long as well.
Setting target at...
This is at support so looking for a rejection to long up to resistance and the top of the ascending triangle. EUR is quite weak at the moment so some risk to this, it is further protected though by the lower trendline which I have placed the SL just below. TP is at the previous high of 1.08680. To be on the safer side wait for price to reject this level and EMA's...
As you can see there is a trend line breakout with a strong candlestick, our targets are 1.0840 & 1.0870.
Don't forget to like and leave me any questions, comments or observations , thank you.
On this chart we see price has retested a bearish trendline on the weekly chart several times
I see divergence on the daily chart and the 4H which indicates that price could reverse of of this level again and head lower
We will wait for support to be broken and the trendline to be retested before entry
We will be selling to the second support level which is marked...
Over the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020).
It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips.
I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break.
We may see another bounce before that but I expect it...
Hello, Traders!
Monfex is at your service and today we overview EUR/CHF .
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14 .
But it is more inclined to think that there will be a...
Possible short position for EURCHF. Price is currently moving below both the 50 and 200 EMA , thus indicating a short bias. Price is currently in a huge downtrend spanning for the past few months as you can see with the trend line channel. I have put in a risky short position with a 35 pip stop loss to compensate for the already occurring downtrend so we can...
