CHFEUR trade ideas
EURCHF - Bear flat flag Daily has formed tweezer top candle suggesting market is setting up for a bearish move.
A good 6-8hrs candle bear flat flag has formed.
Price has also come from a impulsive leg and currently consolidating and the odds are its going to continue the impulsive move as part of pattern completion (1-2-3) i.e. Impulse- correction- impulse.
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0583). 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 66.
Take Profits:
TP1= @ 1.0663
TP2= @ 1.0727
TP3= @ 1.0830
SL= Break below S2
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.
