There's a double formation on the 4 hour chart. On the daily chart this pair is oversold. Expecting a further down movement. Risk Reward 1.89
Analysis: I've seen EURCHF in the process of completing its 3rd wave of wave 5 Hypothesis: I am looking for a wave 4 pullback to the purple reversal zone where I have indicated by the blue arrows. The wave 4 pullback should show itself as a corrective fall (abc pattern or abcde pattern into our buy zone) If it is too sharp of a fall, then I will not...
EURCHF is retesting last weeks high of 1.20. Looking to enter short with stop loss above the highs at 1.2025
falling wedge pattern has confirmed uptrend but overall it looks like it will go bearish in long term goals
The target is at the 100% fibo retracement, but the first partial we be taken at that first resistance. The stop loss is at the top of the flag, bur we will be moving it during the trade to new tops.
Currency Pair: EUR.CHF Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Short EUR.CHF updates will be available in the comments section below. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
EURCHF is stading on a major W1 resistance TL and we may look for short oppotunitites if price gets rejected from this resistance level. Currently price is about to form Bearish Gartley pattern and D leg of gartley pattern also laying on a minor resistance zone. Once price reaches this major resistance level look for clean sell price action candlestick pattern...
EURCHF Could bouce off could all change over the weekend only 7 and a bit hours left of trading for the week But i wana see what happens : )
All is clear. On 15.1.2015, the notorious Swiss National Bank (SNB), abandoned the its 4 year tradition of defending the 1.2 level and caused a chaos in FX markets with great consequences. Now and after more than 3 years, the bulls have propelled prices up to this magical level and the Elliott Wave structure also calls for ending of a prolonged move. Also note...
EURCHF Sell Idea @Monthly Supply Zone (1.19838 - 1.21359) Sell Limit: 1.19926 Stop Loss: 1.21823 Take Profit: 1.16321
I was waiting for this opportunity a few months and now here we are and I am in! This pair is finally at the level of Frank shock from 3 years ago, where is highly probable that market will react and will go down. I have stoploss 130 pips and takeprofit down there, but maybe I will cut it sooner. In my MT4 there is also a divergence, but I was not able to see it...
Hi, the price is really close to strong level wait to see a reversal pattern Good luck! :)
Pair keeps showing strength, moving on up to resistance of 1.2 when Swiss Franc previously had their currency pegged
After a consistent uptrend, last bullish leg started to have a lack of volume . This market's indecision may be caused by the price EURCHF 0.54% is heading to: the zone where it previously crashed against the Swiss Franc 0.24% back in 2015. I am considering to enter a sell position around the area of discusion .I will be waiting further candlestick confirmation...