USDCHFEURUSDUSDCADGBPUSDGOLD this is pure indicator base stratrgy i use in indian market for investing but this year i use in forex also going good see my last mind in USDCHF
Trade Setup: 1.04145 Stop Loss: 1.04000 Take Profit 1: 1.04250 Take Profit 2: 1.04350
Reason for Entry The entry at 1.04145 aligns with strong daily support levels and a Fibonacci retracement zone, indicating a favorable buying opportunity.
Sell Intraday Trade Setup
Trade Setup: 1.04388 Stop Loss: 1.04450 Take Profit 1: 1.04300 Take Profit 2: 1.04200
Reason for Entry The entry at 1.04388 coincides with strong daily resistance levels and a Fibonacci extension, suggesting a potential selling opportunity.
Summary of Analysis The EURUSD market is currently positioned at 1.04016. Key resistance levels above this price include 1.05087, 1.05539, and 1.06270. The support levels below this price are 1.03625, 1.03173, and 1.02442. The swing high is at 1.06300, and the swing low is at 1.03439.
Suggested Trades
πΌ Intraday Buy Trade
Entry Price: β¨ 1.03625 Stop Loss: β 1.03500 Take Profit 1: π― 1.03800 Take Profit 2: π― 1.04000
π Reason for Entry
The price is approaching a key support level at 1.03625, indicating a favorable buying opportunity based on technical analysis.
πΌ Intraday Sell Trade
Entry Price: β¨ 1.04356 Stop Loss: β 1.04500 Take Profit 1: π― 1.04100 Take Profit 2: π― 1.04000
π Reason for Entry
Resistance at 1.04356 suggests a potential selling opportunity, with targets set below this level.
π‘ Conclusion This analysis provides a concise overview of key levels and trade opportunities for EURUSD. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!