Looking good for a short entry
Took this short a few nights ago. Just took off 1 position at 120 pips and now waiting to see how far the other one will run. Swing trading is a MUST have skill in my opinion, especially at a time like this with so much global uncertanty. If you want to learn how i trade, please drop me a message on here or on Instagram: saxonpooley! (I currently have a 50%...
Price for EURCHF is at the major support zone right now, a descending pattern (bullish) has been formed as well. Would be expecting the price to break out from the descending channel to the upside!
At the start of the week we seen a trend reversal which has been nicely declining throughout the week. An EMA crossover on the 4hr chart suggests we could see further declines for the pair towards 1.05800 where there has been previous support for the pair. A stop loss just above the fibs retracement may suggest a trend reversal or consolidation for the pair.
Hello Traders, Price has broken below ascending trendline and moving lower to test key support zone , We might see short term bounce of price from support level , look for long setup on retest of support . long continuation on break above descending trendline , Stop on close below support zone Follow us for more..
Wait for a breakout below the 1.06950 level. 50 pips possible gain, 20 pips risk.
As the current retracement reached 62% against the prior impulse, I adjust the count for the option to get an extended move up as show on the chart
Approaching sell region, a break above region invalidates set up
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EUR pairs might have completed their consolidation as we have very high probability setups on EURJPY, CHFJPY & EURCHF. Trendline broken - Retested - 4 hour bullish candlestick - renewed EUR strength.
Likes and comments if you want more trading setup. Thank you! Visit our channel! Head and shoulder is formed. The price was uptrend, but broke the support from the uptrend.
First made and upwars movement, continued to a head and shoulders pattern which then brock neckline and formed a retest
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...