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The pair analysis using williams percentage range and moving average are showing the pair are still on correction and may continue the bearish trend, Try to find good resistance and then set short deal. Today SNR :
R3 : 1.2430
R2 : 1.2403
R1 : 1.2387
Pivot level : 1.2354
S1 : 1.2335
S2 : 1.2309
S1 : 1.2287
time frame- H1
the price rsi indicator is at the overbought level and in the price chart it is also at the strong resistance level 1.2390 and try to rejected from this level. the price making a doji pattern and if this price is close below the 1.2375 we can short with the take profit at 1.2338 and stop loss at the 1.2400
good luck
today i like to sell this pair @ 1.2400
my stop loss of the day @ 1.2426
half take profit for today @ 1.2384
and further half take profit @ 1.2356
elliott zigzag or flat orrection 1.2401 while above 1.2257 - 1.2181 zone a corrective up move could test 1.2391 or 1.2448 after which it should resume it is down trend
support and resistances
res2 1.2601
res1 1.2448
piovt 1.2334
sup1 1.2181
sup2 1.2066
Hi,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 1.2356
I expect from this analyze that the price will go to down way
so sell from 1.2400 to 1.2356
good luck
With a clearn break above 1.2370 I am expecting the pair to go through 1.2531 where I would find the
end of wave And possible decline towards 1.2400 area But I would recommend a long position here
with stop around 1.2340 And TP should be 1.2520 So very low risk rewards opportunity is here
Price has momentum As it is going up in channel with we can expect a decline of channel resistance at 1.2440
But we can breach through the upper band and this would be even more bullish
So very good trade
Have a nice day
Check the chart
regards
http://i1292.photobucket.com/albums/...ps302c3c74.png
My analysist for eurchf today,09 july 2013 using open price market at 00.00 broker time strategy
daily open 1.2402
buy stop 1.2422 tp 1.2442 sl 1.2362
sell stop 1.2382 tp 1.2362 sl 1.2442
happy enjoy trading...
The pair analysis using williams percentage range and moving average are showing the pair alreday traded above the pivot level, if it was continue, the price may rise to higher. Try to find good support and then set long deal on it. Today SNR :
R3 : 1.2429
R2 : 1.2405
R1 : 1.2387
Pivot level : 1.2357
S1 : 1.2358
S2 : 1.2334
S3 : 1.2280
:))):yahoo:
we can see in the 1d chart the pair can not close down the broken up trend line
I see the pair will go to up way to 1.2599 stochastic refers that the pair will go up
so our target buy from 1.2399 and our target will 200pips
http://charts.mql5.com/1/989/eurchf-...orex-group.png
time frame- H1
the price is still hold at the pivot point level 1.2393 level and giving a good support. the rsi indicator is also at the overbought level side. so if the price break the pivot point 1.2393 level we can take short entry with the take profit at 1.2345 level and stop loss at the 1.2450
good luck