(Sell) USDCHF Trade Plan for April 9, 2018Double bar reversal pattern from 23.6% Fibonacci retracement level of Q1 2018 high low. Stops at 0.9630 and targets at 0.9430 or so so suffice.
Chfbulls
EURCHF SELL-27.10.2017Hello Guys,
Matter of fact, the Euro depreciation just begun. If you didn't catch that surge down , don't panic. Next week will offer better entries as more and more people jump, the EUR will jerk up a little bit before continuing with the plunge.
Two technical considerations advised my entry:
1. Notice that bear divergence pattern over the last 20 trading days or so. As EURCHF prices moved up, stochastics were trending down.
2. There is a stochastic sell signal in the monthly and the daily charts. That double bar bear reversal pattern in the daily chart after yesterday's ECB taper announcement triggered bears.
So, right now just watch price action. If you sell now, you won't be entering at best prices. Chill out and get better entries which guarantee good risk reward ratios next week.
Overly, 500 pips is what we should be aiming at in this currency pair especially if there is a break below that support trend line in the daily chart.
For similar reviews, you can hit the follow button. You can dig back my other analysis at Forex.Today if you click through this link: tinyurl.com
EURCHF-Short-11.09.2017Short opportunity present in this currency pair. Euro has been on the forefront pretty much of this year. Correction is likely.
Sell Stop: 1.395
Stop Loss: above minor resistance at 1.44
Take Profit: 1:2 risk reward
