EURCHF is approaching its resistance at 1.09389 where it is could reverse down to its support at 1.08962.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
1. Fin de ondas en D1
2. Cumplimiento de correccion A y B en D1 y comienzos de la formacion de la correccion C
3. Formacion de onda 1 y 2 en H1 en la correccion C
4. El precio respeta el nivel 78 de fibonacci en la onda 2 para comienzo de onda 3
5. Confluencias de fibonacci
I have decided to buy OANDA:EURCHF for a long term, considering that the graph has pushed above the level 1.09180 and has broken the downtrend, I am looking to buy this pair up until the level 1.14050 with my stop loss at 1.09000 this is a longterm signal om #eur/CHF wishing you guys the best on this pair
After breaking the corrective channel the pair seems to have found support again. Although it is not a very strong area of support we can see that this area has been rejected twice last month. RSI also seems to confirm that a bigger corrective move might be in the cards. On top of that the pair printed a doji yesterday.
All those factors combined make me feel...
There has been no significant support level - for the past several hours, because of the price chart continuously consolidating in a thin, narrow price range which is building up to a Bearish nose dive.
En consolidación con tendencia a la compra para formar el impulso de la onda 5
Triple piso en el nivel 61.8% del retroceso de la onda 3-4
Triple piso en el nivel 38.2% en el retroceso del último impulso en el rango de consolidación formando bandera
STOCH en nivel de sobre venta
Divergencia con el MACD para entrar en compra
EURCHF to go lower.
The pair is confined within a range since Nov-18.
The range is more or less about 270 pips in between.
Within this range created a descending resistance line and each time it tested the line if failed with a bearish key reversal.
Expecting the pair to go lower and eventually break the support line towards 1.1080.