EURCHF Short idea
Higher timeframe analysis shows strong bearish movement in this pair as well as good structure formation as price action has rejected the daily 38.2% fib level
Taking a closer look on the 4 hour timeframe we have seen higher lowers being broken and lower highs forming which suggests more bearish volume is coming
Based on 4hour fibs we’re...
Step 1 Assume Entry on middle of 2nd bearish candle
Step 2 Assume Exit on middle of Reversal bullish candle
Result 100 pips
Step 1 Assume Entry on middle of 2nd bullish candle
Step 2 Assume Exit on middle of Reversal bearish candle
Result 60 pips
EURCHF LONG IDEA
Higher time-frame analysis shows the EURCHF has been majorly bearish but is quite over extended.
On the daily timeframe we have seen a bit of a bullish trend and we expect price action to reach the daily 38.2% fib level at least
If the 38.2% is broken we’re going to continue with this daily trend and target the monthly resistance, broken...
EURCHF Has major up trend
Bearish correction wave already over by breaking down trend line
Price breakout key level @ 1.0980 to continue major bullish wave
Volume profile shows HVN @ 1.0994 (accumulation area ) , once price pass it , explosion will be occurred
MACD shows buy signal
You can read about the sell opportunity from this market in the post, which is in the related ideas.
Again, I would like to explain why I decided to sell and placed pending orders using the 1H chart.
After the strong bullish candles, the market gave us several candles with small bodies and long shadows. It tells us that the upward movement is slowing down, and...
EURCHF (1H) - short term bullish bias
After a 24-hour consolidation at the support level of 1.0910, the euro rallied above the moving averages and the immediate resistance level of 1.0935. The RSI divergence was the first sign that the pace of the sell-off has decelerated and there could be a U-turn around the corner. One might think the pair would continue to...
Entry (red area), 3 targets in order( black lines) and Stop(red line) are pointed out on the chart for trade setup to Potential Harmonic Bullish Unified Gartley Pattern .
This idea is not a piece of investment advice.
Any criticism is appreciated.