Rejection on the Buy Side LQ Zone/Swing
Looking for a BUY
Already broken above the HMA on the 1HR TF already, so Buy on a partial and will buy again if it dips into the Buy Side LQ Swing/Zone
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management*
Just noticed EURCHF in the h1 time frame is trading inside a demand level. It is a 1.5 reward to risk ( little bit more). Only an 1 hour candle closing below the demand zone will invalidade the zone. The demand target is at 0.9637
Last-day price makes a significant up trend and brakes the downtrend structure, with the demand area that is already broken by the price we can confirm the buying opportunity.
patience is the key to success in forex trading and with this pair I can see great buying opportunity in the coming weeks
I have share my analysis you guys can manage your risk and can book some profits.
for Education purpose only not any financial advice
This currency is currently sitting on a good historical zone. Not only that, we also have some good confluences that can also help us determine the future price direction.
Confluences:
1.Price is currently testing a historical zone
Every time price action get to this zone makes a rejection.
2.Also we have a M pattern
After a M pattern we can expect a...
Chart patterns is the best way to trade this market. As you can see on the setup, this pair has formed Inverse head and shoulders in a bullish flag.
These two patterns gives a strong confirmation that this pair is going to trend upward. look for buys on smaller time frames.
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Currently, EUR/CHF is trading at 1.0754. The pair started a new up trend after breaking the resistance level at 1.0642. Previously, the pair was trading in down trend by making lower low higher high pattern in the resistance and support wedges. As the pair has already started a new up trend by breaking the resistance level, so its first target price was at 1.0719...
Currently, EUR/CHF is trading at 1.0685. The pair started a new up trend after breaking the resistance level at 1.0647. Previously, the pair was trading in down trend for a long time in the descending resistance and support wedges. As the pair has already started a new up trend after breaking the resistance level, its first target price is at 1.0729 and second...
