EURCHF Weekly OutlookHi Traders, here is the full Update Analysis / Breakdown for EURCHF.
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation(Updated Chart)
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
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5. Always Be reactive & Not Predictive !
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Eurchflong
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.06262 where it could potentially react off and up to 1st resistance at 1.06607.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Trading Pathways Analysis of EURCHF H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURCHF will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCHF will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
Blue Mind FX - EURCHF (1:20 Risk:Reward)1:20 Risk Reward, very resilient support, confirmation would trigger our long trade, looking for potential retracement to the 61.8% fib level.
We would look to take partial profits at the 31.8% and 50% Fib Levels.
A break of this key support and failed retest would nullify this trade.
Brief analysis of future trends in EURCHFFirst of all, it is clear that the EURCHF decline has not ended. At present, the expected increase is only a rebound, so you can only try to buy more orders with minimal risk, and you can increase your position by confirming the increase. The rebound target needs to be continuously updated, and there is great uncertainty
BUY EURCHF ENTER:0.0680 SL1:1.0630 SL2:1.0560 TP1:1.0780 TP2:1.0830-1.0890 TP3:1.1050
Because EURCHF cannot obtain enough historical data, the falling target can only be calculated roughly. The first target is 1.0470. The second target is a large period calculation with a relatively large interval of 0.9950-0.9350. The starting point of the decline is gradually analyzed in the follow-up of the subsequent market
EURCHF buy on H1Plan : wait for prices to bounce off horizontal support --> 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 like i do, please write it in comment so we can manage the trade together.
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GWBFX
EURCHF Possible Inverted H & SHi Traders, here is the full Update Analysis / Breakdown for EURCHF .
Keep this pair on your watch-list.
Conditions -
1.Wait for confirmation
2.Use Risk Management (Risk 1% of your capital)
3.Do your Own analysis!
4.Follow for more Analysis like this !
Dont forget to give me a like & Follow
let me know in the comment section below if you have any questions.
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See You in the next Video / Analysis
Global Fx Education Team
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