FX:EURCHF   Euro / Swiss Franc
42 0 4
eurchf             formed a double top and is about to pullback into the .618 where structure lies. move up has been rather corrective on eurchf             . we can look into a breakout some time next week. i had posted a daily chart for the eurchf             sell off a few weeks ago, i am expecting this 1 hour structure to give us the trade. tp 4 is my daily chart trade setup analysis you can get the link in the related ideas.

short eurchf            
-2.618 setup
- overbought RSI approaching 61.8%
-RSI divergence
-correctional pattern (continuation)

entry: 1.08800
sl:1.09055 (78.6)
tp1:1.07890 (100%)
tp2:1.07487 (1.27 ext)
tp3:1.06975 (1.618 ext)
tp4:1.03975 ( daily chart tp)

risk: 25 pips
potencial gain: aprox. 480 pips
i will short the 61.8 and will add positions if the lower tf counter trend line breaks
Comment: RSI is showing major bearish divergence
p.s. i apologize for the published chart looking so bad. you can scale the chart to see the idea better.
Comment: price action is starting to show bearish
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
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