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Eurchflong

EURCHF 1.06693 - 0.09% LONG IDEAGOOD DAY TRADERS > HERE'S A LONG IDEA ON THE EURCHF PAIR, THE EURO HAD A GOOD WEEK IN THIS PASSING WEEK WITH ANNOUNCEMENTS OF A NEW RECOVERY FUND BY THE EUROPEAN COMMISSION. > SWISS TOOK A HIT IN THE PREVIOUS WEEK THIS ON A COMBINATION OF EARLY RISK SENTIMENT AND WEAK SWISS ECONOMIC UPDATES > EURCHF IS IN AN UPTREND AS WE SAW THE PAIR BREAKOUT OF THE DESCENDING TRIANGLE THE PAIR JUST BOUNCED AT 50% FIBONACCI RETRACEMENT AT SUPPORT LEVEL 1.06693. SHOULD WE TRADE ABOVE THIS LEVEL WILL BE LOOKING FOR LONGS IN THE PAIR. TARGET 1 - 61.8% FIB EXT ( 1.06598) TARGET 2 - 78.6% FIB EXT ( 1.070790 ENTRY - FOLLOW YOUR ENTRY RULES RISK MANAGEMENT PERIOD - DAY TRADE
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by PULEMokhothu
EUR/CHF Symmetrical Triangle about to completeLet's take a look at EUR/CHF on 1H chart. We can see that there is a nice Symmetrical Triangle emerging and we have discussed before what does Symmetrical Triangle signalize ? Well for those who have started to follow us recently we are going to explain one more time (and if you don't follow us then please do now as we would really appreciate that) Symmetrical Triangle signalize that the Breakout is about to come and nobody knows in which direction. So knowing that we are putting our Sell orders just outside the Triangle and putting our Stop Loss at the other side of the line. However as we can see there is still enough place to move for price in the Triangle so if the price now jumps up to test the Resistance line (and the eventually breaks the Resistance) we wouldn't be surprised so we have to be ready for both scenarios. Let us know what you think and don't forget to follow us for more ideas :) Good luck !
by UnknownUnicorn3249870
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EURCHF NEW ANALYSIS!Hi Traders, here is the full Update Analysis / Breakdown for EURCHF. Keep this pair on your watch-list. Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) + Wait for Break of structure 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! 5.Always Be reactive & Not Predictive ! A like and a comment will create more Free Analysis & Forex Education. Your Support is Appreciated! See You in the next Educational Video / Analysis Global Fx Education
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by Global_Fx