This pair has been treating us very nicely on our swing trade from a couple weeks ago. I am looking to add to it on another break of price structure support. If we can break and close below the new entry level I've drawn out in yellow, then I'll enter my sell and aim for the same major price structure low we've been looking for from our first swing trade. In the...
Hello and welcome to my Trade Idea of the currency pair EUR/CHF.
Lets start with the Top Down Analysis.
Monthly: The monthly view is bearish.
Weekly: The weekly timeframe is very powerful bearish.
Daily: Daily is bearish too and right now we see a little consolidation.
H4: On the h4 timeframe we draw the counter trendline as well the resistance area. We...
Hope this idea helps!
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One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...
Hey traders, hope everyone enjoyed their weekend.
Coming up with a quick educational post about our market theory on a lower 1h timeframe. We are in a short on EURCHF since a few days. Looking at the lower time frame setups we can clearly see how a bullish run with two corrections (marked in yellow boxes) happened. On the other side this is a nice chart for price...
According to the previous analysis, the pair is completing the pattern AB = CD in a descending channel structure. In the price range from 1.08627 to 1.08802 and from August 14 to 21, you can look for a buy trigger with the right trigger.
Dax was in a process of uptrend and development, but the latest push failed to stay consistence in the uptrend.
It is expected a further reverse to the downside before further continuation.
Several Trade ideas in chart
At H1 time frame we see the Gartly Harmonic Pattern complete in the channel floor area, using the trigger to enter the Buy deal. The August 11 time limit is also a good time to start the growth of the currency pair. It may come down
Looking to complete the Crab pattern, which breaks the x-floor and is devoid of credit, so we definitely need the trigger and the...