Eurchfidea
EURCHF approaching resistance, look out for potential reversal!
EURCHF is approaching its resistance at 1.09389 where it is could reverse down to its support at 1.08962.
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Buy eur/chfI have decided to buy OANDA:EURCHF for a long term, considering that the graph has pushed above the level 1.09180 and has broken the downtrend, I am looking to buy this pair up until the level 1.14050 with my stop loss at 1.09000 this is a longterm signal om #eur/CHF wishing you guys the best on this pair
EURCHF possible long After breaking the corrective channel the pair seems to have found support again. Although it is not a very strong area of support we can see that this area has been rejected twice last month. RSI also seems to confirm that a bigger corrective move might be in the cards. On top of that the pair printed a doji yesterday.
All those factors combined make me feel confident to take a counter trade with price probably recovering at least until the 1.119 area.
Keep in mind it is a counter trade as the main trend is still bearish.
We can see the same maybe a bit more clearly on the 4H chart
EURCHF en largo
En consolidación con tendencia a la compra para formar el impulso de la onda 5
Triple piso en el nivel 61.8% del retroceso de la onda 3-4
Triple piso en el nivel 38.2% en el retroceso del último impulso en el rango de consolidación formando bandera
STOCH en nivel de sobre venta
Divergencia con el MACD para entrar en compra
#EURCHF Time for some Bullish action?We can clearly see that FX:EURCHF is in the up-trend for 4 years.
Price bounce down from 1.20000 but, we noticed that price breakout from the bearish channel, which can indicate, it is only a pullback.
After a breakout price squeezed to fake out all early buyers.
Now we are in this triangle and, if we could get a push to up-side from this triangle then we should witness a nice bullish action
-plus, we have a nice bullish divergence.
Okay so summarizing
following analysis, I believe EURCHF have nice bullish potential, so I'm going to buy this pair in this week.
Let's go to work!
Short EURCHF.EURCHF to go lower.
The pair is confined within a range since Nov-18.
The range is more or less about 270 pips in between.
Within this range created a descending resistance line and each time it tested the line if failed with a bearish key reversal.
Expecting the pair to go lower and eventually break the support line towards 1.1080.
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