A SOLID LONG TRADE ON EURCHF CONFIRMED BY ADVANCED PATTERNS!
Hello traders,i hope everything is running according to your trading plan.
Without time to waste let's see the high propability long trades on EURCHF pair.
First of all we can easily see through the daily chart that we are in an uptrend especially when the euro attack started.
Lately we can see the Swiss Franc gainning a little room exploiting the recent relief rally that Euro has.
TECHNICAL OBSERVATIONS
1.We can see at the daily chart that we have a deep retracement to previous resistance that now is a support.
2.On the daily we have also an RSI indicator approaching 50 level which acted as support level a lot of times at this pair.
3.Now on 1H chart we have two bullish advanced patterns,first one is a bullish Gartley pattern and the second is a bullish Bat pattern.
4.On 1H chart we have RSI on oversold levels ready for a pullback.
5.We have also the Stochastics on oversold levels pointing a possible pullback.
6.We have previous price structure that agrees with the advanced patterns.
7.Price at the daily chart is above 200EMA favoring the long trades.
8.We also have the two bullish advanced patterns completions inside the resistance zone based on previous structure that makes this zone even more significant for a pullback.
9.Second targets (T2) of the two advanced bullish patterns coincide with the 200EMA of the 1H chart which usually acts as a magnet on those timeframes giving us one more confirmation for our trades set-ups.
POSSIBLE LONG TRADES
BULLISH GARTLEY FORMATION
ENTRY PRICE 1.1580
STOP LOSS AT 1.15615
FIRST TARGET T1 AT 1.16070
SECOND TARGET T2 AT 1.16220
BULLISH BAT PATTERN
ENTRY PRICE AT 1.15720
STOP LOSS AT 1.15615
FIRST TARGET T1 AT 1.1600
SECOND TARGET T2 AT 1.16180
THANKS FOR THE SUPPORT AND THE POSITIVE FEEDBACK!!
KEEP FOLLOWING FOR MORE PROFITS!!
HAPPY TRADING GUYS!!
Without time to waste let's see the high propability long trades on EURCHF pair.
First of all we can easily see through the daily chart that we are in an uptrend especially when the euro attack started.
Lately we can see the Swiss Franc gainning a little room exploiting the recent relief rally that Euro has.
TECHNICAL OBSERVATIONS
1.We can see at the daily chart that we have a deep retracement to previous resistance that now is a support.
2.On the daily we have also an RSI indicator approaching 50 level which acted as support level a lot of times at this pair.
3.Now on 1H chart we have two bullish advanced patterns,first one is a bullish Gartley pattern and the second is a bullish Bat pattern.
4.On 1H chart we have RSI on oversold levels ready for a pullback.
5.We have also the Stochastics on oversold levels pointing a possible pullback.
6.We have previous price structure that agrees with the advanced patterns.
7.Price at the daily chart is above 200EMA favoring the long trades.
8.We also have the two bullish advanced patterns completions inside the resistance zone based on previous structure that makes this zone even more significant for a pullback.
9.Second targets (T2) of the two advanced bullish patterns coincide with the 200EMA of the 1H chart which usually acts as a magnet on those timeframes giving us one more confirmation for our trades set-ups.
POSSIBLE LONG TRADES
BULLISH GARTLEY FORMATION
ENTRY PRICE 1.1580
STOP LOSS AT 1.15615
FIRST TARGET T1 AT 1.16070
SECOND TARGET T2 AT 1.16220
BULLISH BAT PATTERN
ENTRY PRICE AT 1.15720
STOP LOSS AT 1.15615
FIRST TARGET T1 AT 1.1600
SECOND TARGET T2 AT 1.16180
THANKS FOR THE SUPPORT AND THE POSITIVE FEEDBACK!!
KEEP FOLLOWING FOR MORE PROFITS!!
HAPPY TRADING GUYS!!
Trade active
Trade closed: stop reached:
Price took our stop loss and continbue as expected.Nevermind it's better to have small loses and big wins than the opposite.
At the market you may be right and not make money live with that.
At the market you may be right and not make money live with that.
Trade closed: target reached
Trade closed: target reached
Trade closed: target reached:
Second target reached...