Although not a big fan of CHF markets due to central bank intervention, but I spotted a nice opportunity for a swing. Looking to short around 1.1677 area for a target to 1.1265, stops above 1.1785.
Expecting EURCHF correction to continue a little more to then start of fresh falls towards my target 1.1365. Look below the link for my previous idea on EURCHF.
It seems EUR/CHF breaks the resistance price @ 1.15760, Also shooting star candle stick pattern formed, Now it's best time to sell until price @1.14732
EURCHF Sell Opportunity. Analysis done using support and resistance levels and Elliot Triangle Wave (ABCDE).
Bump and Run Chart Pattern Strategy After a Clear uptrend we can see a uptrend acceleration TP and SL are Showing Clearly
Wedge pattern and price reached the strong previous level Good luck! :)
ENTRY: 1.1811// SL: 1.18262// TP: 1.17741
ENTRY: 1.1763// SL: 1.1790// TP: 1.1686
in this video analysis i have clarified why we took this sell signal on EURCHF
It seems EUR/CHF breakout's bullish trend @ 1.15358, Now there is a good opportunity to bearish until price @ 1.14700
f you're in the mentorship group, we caught this trade at the way up and grabbed some profit already. If you look left you'll notice that we're stuck in a consolidation zone where we've been bouncing back and forth. This is a little different than my main Ichimoku strategy but I am looking for the bouncing to continue with a tight stop. My goal is catch the bounce...
Here is a possible double top occurrence. This immediate resistance was tested Last Feb 21. When price reached this place it started a total sell-off bound to the major support. A further confirmation would somehow boost my confidence in entering this trade if the 4hr candle would close as a Doji. Should this resistance stir a breakout. Its nearest resistance...
Potensi Hidden Bearish Divergence Entry SELL 1.1540, SL 1.1558, TP 1.1491
EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support). Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could...
EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) is seeing major support...
EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance...
Hi traders, I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest,...