FxSaint

EURCHF - Medium to Long Term Analysis (2016)

FX:EURCHF   Euro / Swiss Franc
957 7 38
Hey there!

This idea is going to play itself out over the period. Huge price drop due to de-pegging of CHF from EURO             has sent price plummeting to low @ 0.96XX handle. Generally after such huge drop, price climbs up to top slowly as seen in USDCHF             & GBPCHF             . (See the attachment in the comment)
Comment: USDCHF price behavior

snapshot
Comment: GBPCHF price behavior

snapshot
Comment: I m expected same thing to happen in EURCHF, lets wait & watch !

Good Luck

=)
Comment: 1st attempt to go long is here. 4 hourly candle close above consolidation zone & above TL.

snapshot
Comment: Look at the bullish candle & its wick :)
Comment: While 1st attempt is in profit & already encashed few pips, its time to add some more. If & when it breaks above this wedge I will buy more :)

snapshot
Finally its going up ;) Good trade
+1 Reply
FxSaint Piet.Hein
Yes... finally ... :)
Reply
Agree with you, in fact Im already on this trade too :)
+1 Reply
FxSaint Piet.Hein
Good Piet, I m too in this trade idea with 2 entries. And I will keep adding to it since I believe it will go much higher. I have seen your idea & liked it, good work there, keep it up!
Reply
Piet.Hein FxSaint
thanks! Yes, looks like it can go much higher for me too. Good luck!
Reply
Totally agree with you
+1 Reply
FxSaint PooyaSalehipour
Thank you Pooya for being on same side ;)
Reply
Comment removed
Comment removed
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out