Posted on this a week ago, price has just been ranging over quite a tight area since then but it has held support and stayed above the SL which looks promising for the long trade. MACD is still just below 0 but I think a long can be entered now, you can wait if you want more confirmation. EMA's are very close to crossing for long as well. Setting target at...
This is at support so looking for a rejection to long up to resistance and the top of the ascending triangle. EUR is quite weak at the moment so some risk to this, it is further protected though by the lower trendline which I have placed the SL just below. TP is at the previous high of 1.08680. To be on the safer side wait for price to reject this level and EMA's...
We've got a bearish engulfing candle closed on the 2-hour timeframe and price is rejecting from the key level. We are looking to potentially short this pair. Final targets would be the green zone of interest but we may trail our stops if the momentum is strong to keep going.
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EURCHF, already Retested Strong Support, long
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The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro. Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure. Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
On this chart we see price has retested a bearish trendline on the weekly chart several times I see divergence on the daily chart and the 4H which indicates that price could reverse of of this level again and head lower We will wait for support to be broken and the trendline to be retested before entry We will be selling to the second support level which is marked...
TITLE-BUY LIMIT EUR/CHF ASSET-FOREX TYPE-BUY LIMIT ORDER Time Frame-1D ENTRY PRICE 1-1.06360 market ENTRY 2-1.06030 pending STOP LOSS-1.05760 (60 PIPS) TAKE PROFIT 1-1.06860(60PIPS) TAKE PROFIT 2-1.07360 (100 PIPS) TAKE PROFIT 3-1.07860 (150 PIPS) TP.4-1.08360 (200 pips) Trail STOP LOSS AT TP.3 Tp.5 1.08860 (250 PIPs) Tp.6 1.09860 (350 PIPs) STATUS: entry 1 active
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.
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.
EUR pairs might have completed their consolidation as we have very high probability setups on EURJPY, CHFJPY & EURCHF. Trendline broken - Retested - 4 hour bullish candlestick - renewed EUR strength.