Take a short position on EURCHF 4HPrice has reached to it's highest point inside the channel and temporarily bearish movement is likely to be happen within channel.
Eurchfidea
EUR/CHF Retrace From Resistance Before BreakoutPrevious trade on this went brilliantly, I had marked out the support level on this previously and then it finally shot upwards just after my last post on the pair. It is now at the resistance level and I would fully expect this to retrace from here back to at least 0.382 Fibonacci before attempting to break through resistance again.
I do not feel there is a trade to be taken at the moment as it would be very risky, so the best option is to wait for a breakout above the resistance and then long after it retraces to test this level as support. You could long after it retraces to at least 0.382 Fib but as I say that would be a risk without it having broken resistance yet.
If and when it does break this resistance a target of 1.10594 can be set
EUR/CHF Rise to ResistancePosted on this a week ago, price has just been ranging over quite a tight area since then but it has held support and stayed above the SL which looks promising for the long trade. MACD is still just below 0 but I think a long can be entered now, you can wait if you want more confirmation. EMA's are very close to crossing for long as well.
Setting target at previous high of 1.08679. I expect this to continue to rise beyond this resistance but we need to see the breakout and can then re-enter longs after it sees support above the current resistance level. SL can be set below support and the lower trendline.
EUR/CHF Ascending TriangleThis is at support so looking for a rejection to long up to resistance and the top of the ascending triangle. EUR is quite weak at the moment so some risk to this, it is further protected though by the lower trendline which I have placed the SL just below. TP is at the previous high of 1.08680. To be on the safer side wait for price to reject this level and EMA's to come close to cross back higher.
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.
EURCHF 1H👋 Hello and welcome traders to another trade
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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
Bullish Gartley PatternEURCHF BULLISH GARTLEY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.07600)
Min Take-Profit 1: (1.08038)
Max Take-Profit 2: (1.08372)
Stop-Loss: (1.07086)
Max Risk-Reward: (1.50)
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EUR/CHF Wait for breakoutThis is moving within an ascending triangle, it is coming to the point where it will breakout soon. Wait for the breakout and retest of the previous resistance/support before entering a trade.
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
Bullish Gartley PatternEURCHF BULLISH GARTLEY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.07850)
Take-Profit 1: (1.08161)
Take-Profit 2: (1.08358)
Stop-Loss: (1.07650)
Max Risk-Reward: (2.54)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURCHF BULL RUNAs we can see market is moving in a RANGE. We have a trend line market may get rejection from support and trendline/
EUR/CHF Technical Analysis
The counter has been trapped in a triangle pattern.
It is currently trading around the resistive trendline.
We expect the pair to find resistance and move down to the lower trendline.
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
EUR/CHF : Daytrade-execution!! LONGEUR/CHF : Daytrade-execution!!! LONG
Market-Buy-Limit : 1.07320
Stop-loss : close break 1.07170
Target1 : 1.07800
Target2 :
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
