FX:EURCHF   Euro / Swiss Franc
Our last trade on this one was very succesful, trading an H&S in combination with a bearish wedge . Now it's starting to look more like a bigger bullish wedge . The movements on the low the past weeks, make the risk reward for this trade worth the risk.

The safe play would be waiting for that first red resistance zone to break, to trigger a small inverse H&S . The more aggressive entry would be at the current level. The stop level is very close which makes the risk reward of this long trade very attractive.

The targets are at the 2 yellow circles. If we do manage to get at those targets, big chance we will probably get another short entry again.

Previous analysis:

Comment: So far going perfect, broke the first resistance and made a goog rally. Now it's having resistance from the neckline of that inverse H&S inside the big wedge. I would wait with increasing the size after the wedge breaks, i think we will see a pullback sooner or later. Best to wait that out before increasing.

Comment: Still looking good, it made a correction but it's making another attempt to break that neckline. Small triangle now, which can brake to both sides. I am going to increase the pos with 50% if we really break this neckline. I have moved stop to this green level now, to make sure i have some profit.

I see now it already broke to the downside, now the green support needs to hold.

Comment:
If you want to support me, my affiliates:

Bitcoin futures trading, 10% discount: http://www.bitmex.com/register/5UpPrj
http://www.binance.com/?ref=35269417
For copy trading FX at Etoro: https://etoro.tw/2HjrI9X
Public Telegram Channel https://t.me/botje11
thanks for sharing this, I agree with your bullish idea on EURCHF and ichimoku cloud and RSI is also showing signs of bullish bias.
Reply
Bedankt man
Reply
many thanks for this analysis. I was late to the short opp. Am in for this one also. good luck all.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Send feedback Ideas Published Followers Following Private Messages Chat Sign Out