SELL OPPORTUNITY FOR EUR CHF
REASON FOR SELL :
..
.
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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..
Trading 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...
Trading 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...
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
