EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance...
During a long period of time the large scale triangle pattern on the EUR/CHF was the main point of attention. However, as it has been already reviewed, the pair broke out to the upside. Meanwhile, the aftermath of the break out has resulted in a medium scale channel up pattern taking the lead. Moreover, the currency exchange rate recently bounced off a strong...
Resistance - 1.17 We have CHF news in the upcoming days. Possible that CHF will strenghthen. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is...
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. //...
The common European currency is still being supported by a medium term trend line against the Swiss Franc. However, recently there have been new developments. The pair seems to be being held back by the resistance of the 1.1720 mark. Although, no clearly visible explanation for the existence of the resistance can be seen. Most recently the pair found support in...
Broken rising wedge pattern to the downside on EUR/CHF. 50 sma also broken adding to confluence. 1:2 R/R available if traded on a pull back to the broken resistance line. More potential downside if next support is broken and the price falls down to its inception point.
Expect a big drop soon. MACD showing a long term divergence.
Hey, youraveragetrader here! - 140pip potential trade. - Ascending triangle (continuation of trend: bullish)
Podemos ver la formación de un ending channel, además, tenemos una fuerte divergencia en MACD, lo que indica y confirma la caída próxima en eurchf. Todavía es temprano para buscar la entrada, la semana que viene podremos encontrarla cuando haga el breakout y forme una bandera. Aproximadamente, el nuevo impulso llegará hasta el final de la flecha marcada en el...
The common European currency has been trading in a channel up against the Swiss Franc for the last four months. However, as apparent during the last four weeks, the rate has diminished its trading range. The Euro failed to reach the upper channel boundary prior to reversing near the 1.1720 mark. In addition, the pair is gradually moving towards an upward-sloping...
Hello, As per the previous post, EURCHF has a bullish long term outlook, 1.2 is the long term target Now, this pair has just entered into the buy zone (50 and 100MA area) and SUPPORT now meets TRENDLINE. 1.155 - 1.157 SUPPORT ZONE, it is an opportunity to add more. It is now trading at 1.576, SL 1.155 Target 1.16 /1.1625/ 1.166 patience pays, happy trading!
The price bounces from the cloud and the uptrend line. RSI confirms price reversal. DMI allows opening long trades. Pending orders for buy can be placed at 1.16400 level with stop orders at 1.15900 level. The main profit target is 1.17000 resistance level. The other part of long positions can be closed at 1.17500 level.
1. Short Idea at 1.1750 2. always stop point : entry lvl + 2ATR 3. Closing Point : 1.1530 and 1.1250 * Be sure Margin, Position, Entry and Closing.
ENTRY: 1.1588// SL: 1.1623// TP: 1.1512