CHFEUR trade ideas
Eur/chf Forming a cup and handle patternThe chart is showing a big down trend and it had reversed back from its support level and formed a cup and handle pattern. If it breaks the resistance level of the handle it may enter into up trend.
Channel breakout at EURCHFHello friends.
Here is our analysis on EURCHF
The trend in h4 is sell but as we can see that there is a channel
breakout and it will go upside and then fall back
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0665). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.0730
TP2= @ 1.0810
TP3= @ 1.1058
SL= Break below S2
SHORT EURCHFThe trend in this pair is bearish and the the resistance is holding the price to go up. So it is a very good short for me. In bigger time frames also there is a short for me in this pair. Any suggestions and ideas are welcome.
EURCHF for longclearly the price seems to be within a ascending channel and in corrective manner so hoping for upward movement...
Go long on EURCHF : Breakout of falling channelThe pair has been moving in a falling channel pattern from the past three months. Yesterday, the pair tested the 1.08230 support level for the third time and again took a bounce, ending the day with a long bullish candle and creating a morning star pattern. Moreover, the upliftment in the pair was supported by the divergence between the prices and the RSI indicator. At the moment, the price is just below the resistance level of 1.09076. following breakthrough, the prices are expected to reach 1.10467. The support for the pair is the area between 1.07997 - 1.08229. This area is important and the stop loss should be below it or it can be the lowest level of the area i.e. 1.07997.
