based on the 5 waves elliot's theory and fibo's numbers this place might be a reversal area ! and also if you check stochastic in 1D and 1W time frames you'll see they are both in over bought level !
Sd price hit resistence area expect to fall pls like for support thank you
Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence. 1. Base Channel:- Wave 3 identification When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price...
Hello,Friends! The BB upper band is nearby so EUR-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.982. ✅LIKE AND COMMENT MY IDEAS✅
Looking for a sell in EC Reason to sell: Forming double top pattern in 15 minute chart. Use proper risk management. Thank you
Pair Name : EUR/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 0.98600...
Long EURCHF, 8H entry 0.97623 - 0.97560 sl 0.97288 tp1 0.98357 tp2 0.98849 move sl to entry if price reach tp1 and/or i'll update later. OANDA:EURCHF
Analysis: Price can be seen as extended can we can look to trade against the current trend. Since price is not over extended, risk adverse participants should only initiate a smaller position. Short opportunity: Short at market reopening towards 0.98355 as Take Profit - 1 level
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.98191 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the EUR and CHF exchange rates
EUR/CHF has confirmed a bullish breakout above the daily resistance level. We anticipate a continuation of this bullish trend towards the next resistance zone identified from previous price action. It is likely we will see a minor retracement before the pair resumes its upward rally.
Hi Traders ! On The Daily Time Frame, The EURCHF Price Broke The Resistance Level (0.98115 - 0.98420) This Key Level Becomes a New Support Level. So, I Expect a Bullish Move📈 ------------- TARGET: 0.99030🎯
Pair is testing the broken support level after being rejected by the resistance at 0.98. I think is going to try is going to test again the 0.98 resistance. The double bottom is still active. SL triggers if a weekly candle breaks down the support and closes under it.
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to multiple Supply zones - Price action is close to multiple Resistance Trendlines as well - Targeting the 50% Fibo retracement for this trade ...
I am going long on EURCHF after seeing a bullish pin bar form at support. Looking for bullish activity.
Price has been making its way up and formed what appears to be an ascending triangle on the 4 hour / daily. Suggested TP1 and TP2 set via height of triangle. Breakout of the triangle is supposed to be final third so potential on this attempt.
📈🔍 EURCHF Update! 🚀 🔍 Here's a deeper dive into the current situation: EURCHF has been consolidating around a key horizontal level, indicating a potential reversal point. 🔄 The formation of a bullish pattern 🐂 suggests that buyers might be gaining control, especially after a successful test of this level. 📈 The crucial signal to watch for is a daily candle close...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck