EURCHF H4 CHART

EURCHF Potential Short Opportunity 01-08-2018

PAIR: EURCHF

CHART TIMEFRAME: H4

TREND ON THE CHART TIMEFRAME:  NEUTRAL

FACTS AND PATTERNS: Trendline Breakout, EMA50 Breakout

CURRENT PRICE: 1.17200

POSSIBLE “PREDICTED” PRICE ACTION: EURCHF moved below EMA50 on H4 chart and testing the rising trend line support. Breakout of this support will carry the price 1.1690 and 1.16600

ACCURACY: 96%

EURCHF TRADE IDEA: (MIDTERM )

TRADE: SHORT

AREA OF ENTRY: .17200 ( Closing Below 1.17200)

STOP LOSS:  1.17500

TAKE PROFIT 1: 1.16900

TAKE PROFIT 2: 1.16600

EXTENDED TARGET: 1.16300

IF YOU HAVE A QUESTION ABOUT THE SETUP PLEASE LEAVE A COMMENT.

Update: Trade hits the first target with 30 pips. You can close 30% of the positions move SL to entry and wait for the next target.

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly
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Summary

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