when price down at 61.8 or 76.4 fibo and When the price enters the area of these two zones and support and cannot make a new floor, in the lower time frame with the confirmation of the candle after breaking the previous ceiling You can enter into buy transaction
Take 1% risk from your capital , Once market Move Half way , you have to make the stop loss to its entry point , This will be1:2 risk reward ratio , You can also close 50% trade once it reach 1:1 then the rest of the position you can close once trade reach 1:2
Hello,Friends! EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.947 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
OANDA:EURCHF in our first published idea on eurchf we had identified a key level and price hit that level successfully and that idea was closed immediately. Now we are looking for swing move as we have strong buying bias and can expect price to fill the liquidity void in longer time frame. What do you think?
daily trend bearish in channel 4 hr time frame bearish after bearish harmonic fall from resistance and retesting sell at CMP levels mentioned in chart good luck
🔺Hello traders, Let's review and go over analysis and strategies for EUR / CHF As we can see, price hit our first take profit. If you saw the last trade, I will link to it down below. And now there's two main things price can do. Price can continue this bullish uptrend. Our price could go down to new lows. Or it could simply just make a pullback before a...
Pair of Name : FX:EURCHF ( Euro / Swiss Franc ) [ Time Frame : 4H [ Direction : Long [ Type : Swing Low To High ———— Description -------**-- Price has been consolidating. In this area. Because this is a resistance area. Now all we need Price to do is to break out of this pattern. Price has already had a fake break. Now we'll just need price to retest and...
Currency pair is in bull trend and no weakness in trend is seen. Grip of bulls seems to remain firm and long positions may be taken.
EU Banks are rising. This can be seen in the Eurostoxx 600 Banks Index : BLK Healthier banks indicate that the tensions over the Eurozone are waning. This is positive for EURCHF Our chart shows a large bullish divergence (dark black line rising against EURCHF). This means that the downtrend has exhausted. The CCI is rising. The 200 days moving average is...
Current trend on the graph shows that market is bullish . There is a series of HH's & HL's. Previously there was a divergence on chart but the trend tested the trendline and continued bullish. But if we look at that point there was no resistance present . If we look now there is a divergence on chart and the chances to change of trend are much...
EURCHF - 24h expiry Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 20 4hour EMA is at 0.9588. The sequence for trading is higher highs and lows. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 0.9589 (stop at...
Price had met resistance and closed the gap and the last big bearish move down. Ending diagonal looks to be imminent!
OANDA:EURCHF LONG position can be taken in the specified ZONE There is no position before the ZONE
Given the current resistance level coinciding with the 88% Fibonacci retracement, coupled with the stochastic indicator indicating overbought conditions, long-term investors might contemplate profit-taking. Should the price face rejection here, a potential pullback towards the support level aligning with the 38.2% Fibonacci retracement could ensue.
The EUR/CHF 15-minute chart displays an Elliott Wave pattern consisting of a five-wave uptrend followed by a typical ABC correction. After the completion of wave (5), indicating the end of the uptrend, the currency pair seems to be in the midst of a corrective phase. Wave (a) has been completed, and it appears that wave (b) has also concluded, often characterized...
Hello traders This is how my trade looks like, the pink lines are my imbalance and because of that i know that the price will fill that area again. So, that is the reason why did i open a buy position. With a good analysis you have done half the job