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Eurchflong

EUR/CHF BEAUTIFUL MONTLY SITUATION This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction. Confluences: 1.Price is currently testing a historical zone Every time price action get to this zone makes a rejection. 2.Also we have a M pattern After a M pattern we can expect a correction to the neckline. 3.Also price is over extended When price is over extended we can expect a correction. With this 3 confluences we get to the conclusion that the price is ready to make a retracement to the M pattern neckline Be advised This educational analysis is for price direction only, for entries you have to use your own strategy in lower time frames to minimize risk. If you have any question please be free to ask me. THANK YOU FOR YOUR SUPPORT
Long
by Wiiso
EURCHF LONG OPPORTUNITYHey, if you like this idea be sure to support with a like and a follow. Here is my analysis for EURCHF for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
Long
by bluesignalfx