EURCHF | Perspective for the new week

Telah dikemas kini
Despite the obvious that the Euro continues to fall inside the 4H and daily time frame. The major bearish trendline on the daily and weekly timeframe could be a signal for a counter-trend opportunity as I suspect price action might work its way into this line before a downtrend continuation happens. Meanwhile, structures on the 1H time frame appear to support a bullish momentum as a breakout/retest of the structure during last week's trading session appears to confirm buyers are beginning to have confidence in the Euro going into the new week.

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Past performance is not necessarily indicative of future results.
Nota
1st entry adjusted to 1.02570 with stop-loss below key level
Dagangan aktif
Pending order triggered!
Dagangan aktif
29pips running in profit; we want to move stop to break even

syot kilat
Dagangan aktif
Re-entry running in profit with 50pips; we might want to lock in some profit or move the stop to break even.

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Nota
65pips running in profit (1 positon); we want to lock in some profit at this point.

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Nota
110pips running in profit (1 position); we want to lock in some more profit at this point.

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Nota
Over 100pips in profit, we want to be very careful here as price oscillates within a supply zone. The possibility of a bearish move is high if we do not witness a breakout of this zone any time soon

syot kilat
Dagangan aktif
We now witness a breakout of supply zone and it's 150pips in profit:

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Dagangan ditutup: sasaran tercapai
194pips profit

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Chart PatternsEURCHFeurchfanalysiseurchfforecasteurchfideaeurchfsignaleurchfsignalsnecklinetraderpriceactionreversalpatternTrend Analysis

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