EURCHF still inside the channel 🦐EURCHF on the daily chart respected the uptrending channel.
Price attempts a break and tested the daily structure around 1.07300.
For the one who likes a shorter therm trade, IF the price will break above the minor structure, we can set a nice long order.
Anyway, for a longer term trade, we will wait for the break of the range which kept the price in for a few weeks.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Eur-chf
SHORT EU Short Trade from Yesterday (+88 pips)
Taken 80% of this position's profit by closing and leaving the other 20% floating. The Euro is in a tuff spot and I am neutral on the bias of the Euro, however I am bearish on the SPX and this would correlate dependently in more downward price action after we get the next lower high. Overall this could be a multi week swing by looking at the daily and weekly timeframe and analyzing the upside shadows for each while maintaining a solid range of around 240 pips.
EURCHF on a 4h support 🦐EURCHF after hitting the top level of the weekly resistance range around 1.08500 area retraced back till the 1.07500 zone.
Now price found support at that area and if the price will manage to break and close below the support structure we can set a nice short order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Will it succeed this time?One of the longest ranges at the moment is at EURCHF. We have already had the opportunity to look for returns from both levels several times.
With each subsequent movement, however, the probability of a breakthrough increases! Now it seems much more likely to see a break up after the price has already come out once, but has returned sharply. We also have a higher bottom, which is the first sign of upward movement. To be confirmed, however, we must see a breakthrough in the range and the previous peak!
You can look for riskier entrances with a good ratio at the moment or wait for confirmation of a situation after a breakthrough.
In any case, this is one of the interesting opportunities that we will look for.
Support us with likes and comments!
EURCHF on the break of the range 🦐EURCHF gain a bullish momentum.
After the last attempt to break market got rejected to the 0.786 fib level before starting again the uptrending move.
On the weekly chart we can notice that there will be another resistance zone around 1.08500.
We will wait for the condition to trigger to set a nice long order acccording with our strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish fake-out and price action towards previous highs.
4 HOUR
Very strong resistance area right now.
DAILY
Overall great short entries, price very high.
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FOREX SWING
SELL EURCHF
ENTRY LEVEL @ 1.08260
SL @ 1.08710
TP @ 1.07620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0626). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.0705
TP2= @ 1.0727
TP3= @ 1.0768
TP4= @ 1.0816
TP5= @ 1.0915
SL= Break below S3
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Possible trend shift in EURCHF – going short SELL
1.07749 - 1.08011
Signal ID: 73173
Time Issued: Thursday, 03 September 2020 02:00:15 GMT
Status: open
Entry: 1.07749 - 1.08011
Limit: N/A
Stop Loss: 1.08404
The Tidal Shift Strategy has just sold EURCHF at 1.0788. The system recommends entering this trade at any price between 1.07749 and 1.08011. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.66667, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00105, so the stop loss has been set at 1.08404. 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.
EURCHF daily analysis 🦐EURCHF on the weekly chart is still inside the 2 structure but if the week will close at this level we will have a sign of a new bullish momentum.
On the daily chart the market tested the lower structure and got the direction of the upper one.
Being this a very long and complex correction, we will wait for a potential break of one of the 2 structure for a clear market direction.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF in a tight range 🦐EURCHF is still moving between 2 weekly structure (red) that are on a monthly discending trendlineas we mention in our bigger picture analysis.
On the 4h chart we can see that market created a minor structure and after the false breakout of yesterday price start to range between a minor support and resistance.
For a short therm if the market break above the minor structure we could look for long a trade till the upper weekly structure but on the swing trading prospective we will recomend to wait until a clear break of the major weekly structure either up or down for a clear trend direction.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF price is showing rejection in out bullish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURCHF another week in the wall? 🦐EURCHF is still extremely close to a monthly discending trendline .
Market is in a consolidation range between 2 weekly structure (red) and price create huge spikes on the weekly chart.
After few few false break out with some sharp move but price got always rejected.
We are waiting for a clear break of the structure to place a trade.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF Long Setup From a COT perspective the EUR is at record high long contract sizes and we can expect that price continues its bullish movement for a second top near 1.09000.
Right now price broke below the channel, but demand pressure is expected to kick in near 1.07450. Our TP level will be the upper trendline of the channel and the daily critical area at 1.08500.
Happy trading!
UPDATE EURCHF on a hot level 🦐EURCHF is still on the extreme monthly resistance.
Market is moving iside a channel and the attempt to break to the to upside got rejected by the weekly resistance.
IF the market will break the channel and consequently break the daily support, we can set a nice short order according with Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF extreme consolidation 🦐EURCHF is in a extreme consolidation range between 2 weekly levels (red structures) around 1.07 and 1.08 area
Market reach the monthly discening trendline (purple) and the two 4h structure around between 1.07450 and 1.07800 are keeping the price in a tight range.
After a range movement we expect the market to take a strong direction.
We will wait for a clear break of the range to set an order accordingly.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.