CHFEUR trade ideas
EURCHF SELLSELL OPPORTUNITY FOR EUR CHF
REASON FOR SELL :
..
.
.
1. GOOD SUPPLY AREA
2. THIRD TOUCH OF BIG DOWN TREND LINE
3. SMALL TREND LINE BREAKOUT
4. SELLING PRESSURE WE CAN SEE HERE ..
5. FIBO 70 % AREA FOR GOOD SELL..
💡 Don't miss the great sell opportunity in EURCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0783). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.0748
TP2= @ 1.0727
TP3= @ 1.0697
TP4= @ 1.0659
TP5= @ 1.0600
TP6= @ 1.0505
SL: Break Above R2
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💡 Don't miss the great sell opportunity in EURCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.0797). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1.0745
TP2= @ 1.0710
TP3= @ 1.0665
TP4= @ 1.0600
TP5= @ 1.0505
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCHF: wave 4 of c completedanalysis mentioned on the chart.
Go short at cmp , keeping sl of wave 1 that is 1.08135 target 1.07400/1.07050
high time frame analysisprice broke the trend line and the the level and have good engulfing candle entry
EURCHF: Is it the starting of Stormy 3rd wave ?In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF .
One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
