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The bearish butterfly pattern may be completing in a few days. Good R:R at 2.8 (TP1) and 4.6 (TP2). RSI is reaching overbought level soon. I will update if pattern completes.
This is a bit of a counter trend trade, but I've had a number of signals indicate EURCHF is due for a correction. My risk/reward if fairly large here. I'm predicting only a ~100 pip short target, but in my opinion, this is a fairly conservative target. I will revisit this if my take profit is hit to determine if a longer term sell is likely. Position open at...
When the price break the low, the direction of the price might change and then we're going to have one more impulsive up move.
FX:EURCHF Safe Trades;
Short opportunity present in this currency pair. Euro has been on the forefront pretty much of this year. Correction is likely. Sell Stop: 1.395 Stop Loss: above minor resistance at 1.44 Take Profit: 1:2 risk reward
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will take short entry on bat pattern and on the resistant.
the cross EURCHF will start to go down EUR are absolutely overbought and the korea situation may lead many people to buy CHF as safe haven asset. i think that this cross will go down
Idea: EURCHF 4hr chart short move with profit taken with timing (white trend line) DISCLAIMER: This is where I practice ideas and work on my trading techniques. Please note I am only providing my own trading information for insight to my trading techniques, you should do your own due diligence and not take this information as a trade signal. Trade at your own risk.
Short EURCHF @ 1.15; TP @ 1.12692, SL your choice
neckline violated and now pullback. watch 61.8 level or previous structure to short.
We are approaching a monthly high. I expect some pull back and retest of recent lows.There is also a bit of bearish divergence present on the MACD.