EURCHF Bullish Opportunity Forming At The Moment

3
283
EURCHF Buy Opportunity Forming At The Moment

Click To Join Our Community Telegram Group

Hi Traders! EURCHF bullish opportunity is forming at the moment. A detailed analysis of this buy setup is as follows:

EURCHF H4 Chart:

On the H4 chart the price was moving inside a range, this range was formed by the highs and lows reaching similar resistance and support zones. The price which had broken below the bottom of the range created a false convergence and then the price has now made a false break as well which we may consider as evidences of bullish pressure. Currently the price is trading back inside the H4 chart range again. We may now look for more evidences of bullish pressure on lower timeframes in order to join the bulls.

EURCHF Bullish Opportunity Forming At The Moment

Advertisement

 

EURCHF H1 Chart:

On the H1 chart we have a classical reversal setup that has formed which we may consider as an evidence of bullish reversal. As long as the last low around 1.1260 is holding we may look for buys towards the top of the H4 range with bullish evidences.

EURCHF Bullish Opportunity Forming At The Moment

Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.

If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $197 PER YEAR.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Yours to your success

Vladimir Ribakov

Click To Join Our Community Telegram Group

SHARE

3 COMMENTS

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

Please enter your comment!
Please enter your name here

We respect your privacy and take protecting it very seriously.