Welcome back, guys! 👋I'm Skeptic.
Today, I’m bringing you a multi-time frame analysis of EURCHF, including both long and short triggers, along with a few educational tips. Let's dive in!
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🕰️ Daily Time Frame Analysis:
After a solid accumulation phase and breaking above resistance, we've successfully shifted the trend to uptrend. Given the major trend direction, it's better to focus on long positions.
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⏳ 4-Hour Time Frame Analysis:
Following the uptrend, we've formed a bullish ascending triangle, indicating a potential continuation. You might think that the RSI downtrend signals trend weakness, but here’s the key point:
- Lack of follow-through on the downside shows trend strength. If it was genuine weakness, we’d have seen a sharp downward move already.
This makes the bias towards long positions stronger.
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🚀 Long Setup:
After breaking the resistance at 0.96497, we can consider a long position. A breakout of the RSI trendline to the upside would be an extra confirmation.
📉 Short Setup:
To go short, we first need a breakdown from the ascending triangle, followed by a break below the key support at 0.95726.
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🎯 Target Setting:
You can use the height of the triangle or your own support/resistance levels to set targets. I’m not here to tell you where to place your stop loss or take profit since that heavily depends on your strategy, stop size, and R/R ratio.
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💬 Final Thoughts:
I always provide the key levels and setups, but it's up to you to adapt them to your own strategy.
Thanks for sticking around until the end of this analysis.
See you on the next one!💪🔥
Today, I’m bringing you a multi-time frame analysis of EURCHF, including both long and short triggers, along with a few educational tips. Let's dive in!
---
🕰️ Daily Time Frame Analysis:
After a solid accumulation phase and breaking above resistance, we've successfully shifted the trend to uptrend. Given the major trend direction, it's better to focus on long positions.
---
⏳ 4-Hour Time Frame Analysis:
Following the uptrend, we've formed a bullish ascending triangle, indicating a potential continuation. You might think that the RSI downtrend signals trend weakness, but here’s the key point:
- Lack of follow-through on the downside shows trend strength. If it was genuine weakness, we’d have seen a sharp downward move already.
This makes the bias towards long positions stronger.
---
🚀 Long Setup:
After breaking the resistance at 0.96497, we can consider a long position. A breakout of the RSI trendline to the upside would be an extra confirmation.
📉 Short Setup:
To go short, we first need a breakdown from the ascending triangle, followed by a break below the key support at 0.95726.
---
🎯 Target Setting:
You can use the height of the triangle or your own support/resistance levels to set targets. I’m not here to tell you where to place your stop loss or take profit since that heavily depends on your strategy, stop size, and R/R ratio.
---
💬 Final Thoughts:
I always provide the key levels and setups, but it's up to you to adapt them to your own strategy.
Thanks for sticking around until the end of this analysis.
See you on the next one!💪🔥
Dagangan ditutup: sasaran tercapai
Hey guys! After our short trigger at 0.95726 was activated, the price experienced a solid drop. With a stop-loss save on the 4H timeframe, we successfully reached an R/R of 2.Starting tomorrow, we’ll be back with fresh analysis and new trade triggers.
Let’s grow together, not alone!
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.