Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
We consider buying this EURCHF pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
After breakout of the triangle, I expect the price to retest the bottom line and from there I'll look to go short as shown on the chart.
What is your opinion on EURCHF?
Hello traders how are you ? Hope all are good.
So here is my simple H4 analysis of EURCHF.
We have two channels one is the D1 timeframe channel. And the second one is H1 and H4 channel which is being created to test the support of the D1 channel. Price is still consolidating in a small channel to hit its target of the major support. Hope you all understands what i...
EurChf has changed its long term trend from bearish to bullish in May 2020 and the pair has risen 600 pips from that low to March 2021 high and this is a lot for this quiet pair.
From that top, a correction has started and the pair fell 400 pips.
At this moment EurChf is trading near a very strong support zone and a reversal is very probable.
I'm looking to buy
We consider buying this EURCHF pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
last day price make an significant downtrend channel and now price already broke the structure. We must waiting the price make an retest and confirmation for uptrend or just bounced off the resistance area and going back to downtrend. Remember to always waiting the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
Euro Swiss franc looks ripe for a sell off. I have place stop and limit orders within the yellow box with a very tight SL of 20 Pips (200 points)
Use a unified SL @ 1.09347
Use a unified TP @ 1.08603
See you at the other side.
Profits : 54pips
Avg SL : 25 pips
RRR : 1:2.5
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the...
FX:EURCHF
A very critical look at EURCHF long term behavior.
Expecting this setup to complete by June 2022.
Another opportunity to get in will be presented if the falling wedge breakout is retested.
Good luck to us all !
PPPDirhams
The overall trend for EURCHF in the daily timeframe is bearish. Also there was a break in a short term bullish trend in the 4hr timeframe. There is also a cross of the 10,20 and 40 moving averages.
