possible retest on H&S H1 chart, resistance EMA 200
LONG EURCHF Trade Trade engaged No confirm - just based on structure and fibonacci level
Short-term, the negative momentum has gained further traction which has pushed the pair below 1.06, the low reached twice in 2016 and 2017. The RSI indicator has been forming a bullish divergence, suggesting the negative momentum is fading and that a rebound could occur. The past support at 1.0620 has become a resistance .A daily close below this level may...
A Clear Setup If Confirmed... Feel Free to add comments and like...
Price reacted to a RBR with an impulse bullish candle and close near the high of the daily range. The impulse move coincide with the Fib618 of the last major Bullish impulse move. I will be looking for a reaction at the highlighted area to go Long. DISCLAIMER: Any opinions, analyses discussed in this presentation are just my personal opinion and do not...
EURCHF is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1...
You Can Take Short Position If Break The Support Zone We Have Head And Shoulder
EURCHF Form a head and shoulder pattern at top and following the pattern price level shown down trend. according to chart pattern analysis, we might see further downside towards the support level as shown in chart . one can initiate the short position with proper risk management and stop loss Thanks
The EURUSD short yesterday went so well. Meanwhile, USDCHF was still very weak as the stock market slumped yesterday, making EURCHF had a significant pullback to 0.618. It rallied a lot after consolidating in weekly 0.618 spot, and now it pulled back to the 0.618 of the current rally. I'll be interested in this 4hr engulfing long. Let's see how it goes yo!
As we see the major trend in Weekly TF is bearish Bullish pressure in D TF is for forming LH in Weekly TF In 4H TF price is potentially forming HnS So we'll hope to see huge bearish swing to 1.03000
The last bullish impulse was very strong compared to historical pushes. We have had a large whipsaw pullback and I have a feeling it might be due to whipsaw back up!