EURCHF Short (Sell) Trade SetupWe've got a bearish engulfing candle closed on the 2-hour timeframe and price is rejecting from the key level. We are looking to potentially short this pair. Final targets would be the green zone of interest but we may trail our stops if the momentum is strong to keep going.
Eurchfidea
EURCHF 1H👋 Hello and welcome traders to another trade
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅
💡 Why should you follow our profile on TradingView?
1- Consistent chart updates
2- Clean charts
3- Short and long-term perspectives
4- Visually teaches you valuable lessons
5- High probability setups
6- Analysis on a wide range of major markets
SMASH that follow button! 👍
💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips! 🤝
EUR/CHF Testing TrendlineThe price is right on the lower trendline and could breakthrough very soon. It could also bounce from here and continue within the ascending triangle so we need to wait for the move to happen before entering a trade. As can be seen on the MACD this is in a Bearish environment as it is below 0 and 10 EMA is below 20 EMA so this could break very soon. Wait for the confirmation and enter a short on the retest of the new resistance. TP is at the next support level of 1.06900 to 1.06700
Range reversal setupDecent risk/reward play to the upside. Trendline break + rate of change divergence. No opinions on the euro fundamentally but I feel like the CHF is overvalued in a post vaccine world. That opinion means nothing for this trade other than the potential for a move even beyond the high end of the range (rectangle) if the trade ends up working
EUR/CHF Technical Analysis
The counter has formed a dragon pattern.
In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
Further, it is on the verge of breaking out the trendline (a break validates it).
Hence, we advise traders to be long in the counter once it crosses 1.730.
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CHF SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we need to wait for a confirmation.
EUR/CHF: Day-Swingtrade-Preparation
Market-Sell: 1,07440
Stop-Loss: 1,07600
Target 1: 1,07290
Target 2: 1,07200
Target 3: 1,07075
Stop-Loss: 16 pips
Risk: 0,5-1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EURCHF long trade ideacurrently, we are seeing price respected the trendline resistance, we need to wait for the price to breakout resistance level 1 before placing any buy order. use resistance level 2 or resistance level 3 as the target price.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX