The counter made a steep after forming a head and shoulder pattern. However, it found buyers at lower levels and pulled back only to be capped by neckline. Further, the pullback has formed in a bearish bat structure. Hence, we expect the pair to be bearish in the near-term.
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 price is now at Resistance Turned support level. We may see Demand In Eurchf soon.
1. Good EMAS Trending bullish 2. RR is alright but could be better 3. RSI is heading up 4. 4hourly chart has strong RSI and price action 5. Break of trendline 6. Broke out of Asian Range *Buying into a demand zone so size properly.
Hi traders. The price of Euro is now at a key level. Caution, the price probably will not immediately rise, do not panic, possible deviations from the schedule, however, the price should stabilize and reach the resistance level. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
EURCHF Very Profitable Pair The pair actually is into a strong support. -Main drivers for the support is Trend Lines, Supply & Demand Zone -Look for Ichimoku and the breakout of this -My main bias is short BTW the technical analysis suggest more corrections Plan: -After the correction take short positions -Keep a RR of 1:5 as minimum -Dont risk more than 45...
Over the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020). It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips. I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break. We may see another bounce before that but I expect it...
OANDA:EURCHF rejecting the support a lot and it shows there will be a lot of rejection in that area while we patiently wait for the sellers to lose momentum.
confirmed double top. first target of double top and prz of bullish deep crab are really close! I will modify the chart according to reversal price.
HI EUR/CHF broke the support line. And as far as the arrow shows, it will fall. HAVE A GOOD DAY.
* 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.
EURCHF Trading Plan SELL - Riks Reward 1:3 H4 Trend Bearish