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

Comment: GBPCHF price behavior

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.

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 :)

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
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