FxSaint

EURCHF - Medium to Long Term Analysis (2016)

FX:EURCHF   Euro Fx/Swiss Franc
955 7 38
10 months ago
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)
10 months ago
Comment: USDCHF price behavior

snapshot
10 months ago
Comment: GBPCHF price behavior

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

Good Luck

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

snapshot
10 months ago
Comment: Look at the bullish candle & its wick :)
10 months ago
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
PooyaSalehipour
10 months ago
Totally agree with you
+1 Reply
FxSaint PooyaSalehipour
10 months ago
Thank you Pooya for being on same side ;)
Reply
Piet.Hein
10 months ago
Agree with you, in fact Im already on this trade too :)
+1 Reply
FxSaint Piet.Hein
10 months ago
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
10 months ago
thanks! Yes, looks like it can go much higher for me too. Good luck!
Reply
Piet.Hein
10 months ago
Finally its going up ;) Good trade
+1 Reply
FxSaint Piet.Hein
10 months ago
Yes... finally ... :)
Reply
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