Wait for double bottom confirmation, because we are coming from an head'n'shoulders
i see long on EURCHF as we have re-tested the broken resistance which has turned to support now we looking for a high resistance
- Short entry when price near resistance - RSI shows less upward momentum when formation of second peak indicate price no longer able to go higher - Volume shrink as formation of second peak as extra evidence that the price may no longer go higher - Price may break resistance when CHF news announcement.
I think that it will go down bc eur is getting weaker but i am not 100%. Maybe it will go up for some pips and that down
EUR/CHF - A BUY A CUP AND HANDLE FORMATION, PRICE ACTION POTENTIAL UPWARD MOVEMENT IF MAJOR RESISTANCE IS BREACHED. If you like my idea, please give a thump up. Please contact me to discuss further on this idea. Thank you GAROS TRENDS
Hi dear traders . Great job by UERCHF .we have capitalized multiple time on this pair cause we clearly knew what price action will give us and it did nicely . So the best part of the story is going to happen where recently the correction phase has just met 61.8% and nicely rejected by the level .we were waiting for this point couple of days before . we are...
The vertical line is the time when the analysis ends The analysis according to the theory of William Jean And also directional movement and price behavior Just the idea of the decision with your hand first and foremost Accept respect and appreciation from me to you
Hello Traders! After EURCHF hit a strong resistance along with some seasonal strength from CHF we should continue to see a bearish movement to the next support level. As we can see there is a possible head and shoulders formation forming as long as it rejects the current resistance level. Let's see how this plays out!
Inverted H&S has completed on the H1 time frame, where the head and right shoulder has also formed a textbook version of cup and handle (Round-shape cup & not-too-deep handle). Supporting with the piercing line pattern and just hitted 0.618 retracement on daily timeframe, I would enter the position as soon as the market opens. (Calculation of TP and SL...
Hello traders, hope you having a nice weekend here is a trading idea for London Session. Notice wave b as a triangle shape, i hope price breaks above triangle and head to wave c of B. this trade is very risky so i will risk 1% of my acccount. As trend moves on my direction ill move my stop loss to break even or ill set up a trailing stop
possible retest on H&S H1 chart, resistance EMA 200
LONG EURCHF Trade Trade engaged No confirm - just based on structure and fibonacci level