EURCHF is getting ready for buys after the last move down first, once the last move down is finished expect the market to make a sharp move up and then look for your buys. At the moment small sell setup is in the making so buying from here is not wise. Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott...
Euro is further weakening. We are waiting for confirmation here with our members in order to take a nice sell with a nice risk to reward and probabilities for a massive push to the downside.
Weekly Levels just Tested Previous structure and saw a massive rejection down.On the H4 time frame we saw previous higher Low structure around 1.0861 - 1.0855 broken by Price.On 30 mins Time frame wait for a retest around previous broken level forming a Lower high to ride price down. FX:EURCHF WEEKLY DIRECTION H4 LEVELS
EURCHF Swing Trade Setup (Long) 1st Target 2nd Target 3rd/Last target specified.
Entry short to see if this pair can push down pass +50 pips.
Looking for a move up for 20 pips, if strong break higher then go for more; breakeven or cover 1:1
* 50% for all predicting. - Risk: 0.5%. - R/R: 1:1. - Data backtest: maximum from Tradingview. - Good luck.
* 50% for all predicting. - Risk: 0.5%. - R/R: 1:1. - Data backtest: maximum from Tradingview. - Good luck.