Update TRYING TO CATCH THE 1-2-3- BREAKOUT: Flag activated!
Flag is triggered! Here is the exspected Long-Signal - It`s getting interesting... former analysis is still valid
former analysis:
TRYING TO CATCH THE 1-2-3- BREAKOUT
Prices above the last valid "2" @ 1.09 can generate a TP @ 1.12 . I see a bullish flag!
In the Chart i Show a possible longposition. Pleas adjust the TP /SL to your individual Money Management.
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Update EUR/CHF: Retest of the Breakout Level
The Pair could break through ist Pivot resistance Level. I exspected that the EMA & SMA 200 as strong resists will stopp the breakout. Furthermore i exspected a retest of the breakout Level after testing the ema/sma.
Exactly that happened!
The former resistance @ 1,08 turned into a Support Level.
Today we see the dip to the breakout Level. The consolidation of the last shortterm move 1,04-1,09 can reach till it s Minimum correction Level (38,2 fibo ) @ 1,07405. The Pair should not fall much deeper than that Level to underline my breakout Szenario.
I illustrate a possible Long Position. I have placed the SL a bit under the 0,5 fibo. (Pease adjust the sl to your personal maney Management)
The exspected up-move could slow down if the pair will reach the 0,618 fibo retracement (1,2-0,965)
A sustainable break of the breakout Level will destroy the up-momentum and the bullish chart.
A worst case dip to the longterm uptrendchannels bottom edge (1,053) should than be exspected
blue: preferred Szenario
Grey: alternative exspectation
PAIR @ MoB - Longterm target @ 1,17!
The pair reached ist Pivot resistance @ the former valid "2". A bit higher are based the sma & ema 200 as strong resists. If the pair could reach that Level, a retest of the breakout-Level should be exspected. Trading above These moving averages and that MoB-Level generate a BIG Long-Signal with target @ 1,17
Nice Series: +22Pips/+34 Pips/+61 Pips / + 133 Pips = 250 Pips
former analysis:
TRYING TO CATCH THE 1-2-3- BREAKOUT
In the Chart i Show a possible longposition. Pleas adjust the TP /SL to your individual Money Management.
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.
Update EUR/CHF: Retest of the Breakout Level
Exactly that happened!
The former resistance @ 1,08 turned into a Support Level.
Today we see the dip to the breakout Level. The consolidation of the last shortterm move 1,04-1,09 can reach till it s Minimum correction Level (38,2 fibo ) @ 1,07405. The Pair should not fall much deeper than that Level to underline my breakout Szenario.
I illustrate a possible Long Position. I have placed the SL a bit under the 0,5 fibo. (Pease adjust the sl to your personal maney Management)
The exspected up-move could slow down if the pair will reach the 0,618 fibo retracement (1,2-0,965)
A sustainable break of the breakout Level will destroy the up-momentum and the bullish chart.
A worst case dip to the longterm uptrendchannels bottom edge (1,053) should than be exspected
blue: preferred Szenario
Grey: alternative exspectation
PAIR @ MoB - Longterm target @ 1,17!
Nice Series: +22Pips/+34 Pips/+61 Pips / + 133 Pips = 250 Pips
