EURCHF – Sellers are building confidance to continue this trade

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EURCHF – Sellers are building confidance to continue this trade

Trend: Strong Sell

Support/Resistance:

R3: 1.0007

R2: 1.09611

R1: 1.09115

S1: 1.08515

S2: 1.08094

S3: 1.07498

Price action:

Sellers did strong retracement versus buyers. Flow of the market is on sellers side, even if we see left side buyers strong reaction. This reaction was taken only because of orders, which was turned into fake buyers flow. If we following position very patiently then we should aspect retracement on R1 and follow next Sell targets. If this trade will be denied and buyers will not retrace from R1 then, it is better to wait for next moment.

Potencial trade idea:

Bulls targets:

T1: 1.09611

Bears targets:

T1: 1.08515

T2: 1.08094

T3: 1.07498

NOTE – We are trading EURCHF via the preferred trading setups

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Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.


Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education

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