EURCHF testing a daily support 🦐EURCHF on the daily chart failed to complete the double bottom and is testing again the daily support.
The price has been rejected by the weekly resistance at the 0.382 Fibonacci level and according to Plancton's strategy if the market will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Eur-chf
EURCHF downtrend continuation | 28th OctSignal ID: 78027
Time Issued: Thursday, 28 October 2021 01:00:16 GMT
Status: open
Entry: 1.06361 - 1.06601
Limit: N/A
Stop Loss: 1.06961
The Tidal Shift Strategy has just sold EURCHF at 1.06481. The system recommends entering this trade at any price between 1.06361 and 1.06601. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 6.92927, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00096, so the stop loss has been set at 1.06961. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF downtrend continuation | 28th Oct Signal ID: 78027
Time Issued: Thursday, 28 October 2021 01:00:16 GMT
Status: open
Entry: 1.06361 - 1.06601
Limit: N/A
Stop Loss: 1.06961
The Tidal Shift Strategy has just sold EURCHF at 1.06481. The system recommends entering this trade at any price between 1.06361 and 1.06601. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 6.92927, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00096, so the stop loss has been set at 1.06961. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCHF Sell a break.EURCHF - Intraday - We look to Sell a break of 1.0657 (stop at 1.0671)
There is no clear indication that the downward move is coming to an end.
Daily signals are bearish.
Daily pivot is at 1.0660.
The previous swing low is located at 1.0658.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.0618 and 1.0608
Resistance: 1.0680 / 1.0690 / 1.0700
Support: 1.0670 / 1.0660 / 1.0650
EURCHF on a double bottom🦐EURCHF on the daily chart tested 2 times the support structure creating a perfect double bottom at the end of a descending trend.
According to Plancton's strategy if the price will break above we will set a nice long order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURCHF Bullish Indicators:
1) Support zone 1.06807
2) Hammer candlestick on daily
Bearish Indicators:
1) Resistance zone 1.08602 Fib level 38.20%
2) Upward descending trendline
3) Downward trend
Plan A: After forming hammer on daily its looks like the pair will move upward from here and can test the upward trendline and the resistance zone of 1.08602.
Plan B: On the downside if the the pair broke the support zone of 1.06807 the pair can move further downside towards support zone of 1.06000.
EURCHF potential for short pullback | 20th OctPrice is trading on an ascending trend line and can potentially dip to the take profit level of 1.07278 which is also 38.2% retracement level and 61.8% Fibonacci projection. Our temporary pullback bias is supported by the ichimoku cloud indicator.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Buying opportunity with EURCHFH2 time frame.
Structure: The downtrend line has been broken.
The key level of the smaller trend at 1.07500 has been broken.
The uptrend is confirmed. Here waiting for the price to retest after breaking the Key level can look for buying opportunities.
The profit target is the 1.08100 zone.
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Wish you all have a good trading day!
EUR/CHF Bearish AnalyzeHello Traders
EUR/CHF is moving in a big descending channel.
It has broken a bear channel and pulled back on it and then kept moving downward in a small descending channel.
Right now small support zone hold price from falling but it will be broken soon.
Last week price tried to break small descending channel but that was a fake breakout.
We expect price to continue its downward move.
Thanks for Reading
Team Fortuna
-RC
EURCHF Buy the support.EURCHF - Intraday - We look to Buy at 1.0704 (stop at 1.0689)
Daily pivot is at 1.0696.
Pivot support is at 1.0702. Dips
continue to attract buyers.
Price action looks to be forming a bottom.
Our profit targets will be 1.0749 and 1.0759
Resistance: 1.0750 / 1.0760 / 1.0770
Support: 1.0720 / 1.0710 / 1.0700
EURCHF Sell a break.EURCHF - Intraday - We look to Sell a break of 1.0779 (stop at 1.0792)
Broken out of the triangle formation to the downside.
There is no clear indication that the downward move is coming to an end.
The bias is to break to the downside.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.0742 and 1.0732
Resistance: 1.0800 / 1.0810 / 1.0820
Support: 1.0780 / 1.0770 / 1.0760
EURCHF
Bullish indicators:
1) Trading near Support at 1.07492
2) Fib retracement level 78.60%
3) Falling wedge
Bearish Indicators:
1) LL LH
2) Currently trading in downward trend
Plan A: On the bounce from the support area one can buy for the target 1.08320 first and then towards 1.80620.
Plan B: On the breaking of trendline one can sell for the target of 1.06983 where the major support lies.
#USDCHF approaching pivot, potential for a bounce!Description
Price is approaching pivot level of 0.92911, which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level. A reversal from this level may see price take resistance at price 0.93698. This level coincides with 127.2% Fibonacci retracement level. Finally, we can expect price to take support at 0.9269450.0% Fibonacci retracement level, 61.8% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92911
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level
1st Support:
0.92694
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level
1st Resistance:
0.93698
Why we like it:
127.2% Fibonacci retracement level
Trading FX & CFDs carries high risk.
Possible trend shift in EURCHF – going short |30thSeptSignal ID: 77729
Time Issued: Thursday, 30 September 2021 03:00:16 GMT
Status: open
Entry: 1.08225 - 1.08421
Limit: N/A
Stop Loss: 1.08715
The Tidal Shift Strategy has just sold EURCHF at 1.08323. The system recommends entering this trade at any price between 1.08225 and 1.08421. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 5.81117, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00078, so the stop loss has been set at 1.08715. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Wait for a sell signal with EURCHFH4 time frame.
Structure: Downtrend at Daily time frame.
The uptrend was broken when the price broke the Key level at 1.08400.
Wait for the price to return to the 1.08800 area to form a lower peak and appear a sell signal, then you can enter an order with EURCHF.
The profit target is the zone 1.07800 and 1.07000.
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Wish you all have a good trading day!
Eurchf buy Hi All,
I'm very much in the chf bearish camp!and i'm looking to keep buying against the chf till at least the early Nov-Dec. Looking at this pair, we are looking to go long from the current level. Break and re-test of the trendline.
Let keep simple on this pair.
entry and sl marked.
Share, like and comments welcome.
Many Thanks
EURCHF Sell a break setup.URCHF - Intraday - We look to Sell a break of 1.0869 (stop at 1.0882)
Bearish divergence is expected to cap gains.
Bespoke support is located at 1.0870.
A higher correction is expected.
Our profit targets will be 1.0831 and 1.0821
Resistance: 1.0890 / 1.0900 / 1.0920
Support: 1.0870 / 1.0860 / 1.0840
EURCHF - DAY TRADE VIEWAUDUSD - As per the price action, trend lines , & technical indicators it is expected to go down from the current price.
My approach will be a sell here at current price 1.07580
Potential downside target 1.07250
Maintain stop loss around 1.07650
Trade as per your risk appetite, I will be glad to see your likes & comment.
EURCHF on a bear flag 🦐EURCHF on the 4h chart is moving inside a bear flag below a structure.
The price has tested the 0.382 Fibonacci level and according to Plancton's strategy if the price will break below we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
EURCHF Long 170 pips!Here we have a FX:EURCHF Long. This BUY is on a structure level and a possible trendline touch.
Fist TP is in the first structure level at 107.4 area where i will secure 50% of my position and let the remainder run. With a Stop loss of 20 pips making the RISK:REWARD 1:8.63.
This is a high probability trade