Eurchflong
EURCHF H4 LONG PRICE ACTION FORECAST -UPDATE-EURCHF was able to break the price compression in the descending wedge pattern formation. Breaking the resistance line with the further retest place the pair in a clear bullish bias. MACD under a clear divergence, and signaling a diminished bearish pressure for a long entry
The order:
Type: buy-limit.
S/L: 23 pips - R:R | 1:2 -
T/P: target next resistance level
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EURCHF - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Strong break and retest of our main sr level.
4 HOUR
Good pa and pressure, expecting further movement to the upside.
DAILY
Overall slowly dropping market about to change direction..
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06870
SL @ 1.06430
TP @ 1.07530
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF long trade ideaPlan: 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 investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCHF - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Turning bullish right now, good entries!
4 HOUR
Following pa and pressure above main sr level.
DAILY
Overall bullish market, great entries and risk reward now.
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07440
SL @ 1.06620
TP @ 1.08620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCHF long trade ideaPlan: 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 investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCHF: a persistent bullish divergenceShort-term, the negative momentum has gained further traction which has pushed the pair below 1.06, the low reached twice in 2016 and 2017.
The RSI indicator has been forming a bullish divergence, suggesting the negative momentum is fading and that a rebound could occur. The past support at 1.0620 has become a resistance .A daily close below this level may trigger
further decline towards 1.08. On the other hand, the next support holds at 1.05.