EURCHF Trade Scenarios as of 2/20/2020 - 3:58 PM ET (UTC-5)
EUR/CHF Trade Watch Analysis
02/17/2020 - 3:51 PM ET (UTC-5)
Daily Chart Shows Downtrend
Invalid Sanyaku Kouten
Tenkan-Kijun crossover, step 1, and Chiko Span crossover of price, step 2, happened on the same candle. This means the reversal signal by itself is weak, and so not a valid trade signal on its own. Would need to see a pullback of price and then a breakout of the previous high above Kumo to take a long position. In addition, the Kijun Sen and Senko B would need to be angled upward before I would actually place the buy order in that case. The price also must not fall below the Kijun Sen to be a valid buy order.
02/17/2020 - 3:51 PM ET (UTC-5)
Daily Chart Shows Downtrend
Invalid Sanyaku Kouten
Tenkan-Kijun crossover, step 1, and Chiko Span crossover of price, step 2, happened on the same candle. This means the reversal signal by itself is weak, and so not a valid trade signal on its own. Would need to see a pullback of price and then a breakout of the previous high above Kumo to take a long position. In addition, the Kijun Sen and Senko B would need to be angled upward before I would actually place the buy order in that case. The price also must not fall below the Kijun Sen to be a valid buy order.
Private FX trader since 2010. Founder and Chief Trade Analyst.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Private FX trader since 2010. Founder and Chief Trade Analyst.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.