Eurchfsell
EUR/CHF Consolidation Range Trade Ideaf you're in the mentorship group, we caught this trade at the way up and grabbed some profit already. If you look left you'll notice that we're stuck in a consolidation zone where we've been bouncing back and forth. This is a little different than my main Ichimoku strategy but I am looking for the bouncing to continue with a tight stop. My goal is catch the bounce down to the highest lower bounce we've gotten in the past. Please be aware news may change this, but we have a tight stop so I'm good with entering this sell an looking to grab the pips and get out of this one.
EURCHF - Intraday - Possible Double Top ReactionHere is a possible double top occurrence. This immediate resistance was tested Last Feb 21. When price reached this place it started a total sell-off bound to the major support. A further confirmation would somehow boost my confidence in entering this trade if the 4hr candle would close as a Doji.
Should this resistance stir a breakout. Its nearest resistance would be the DR1.
Follow and Subscribe for more updates and trading ideas.
EURCHF approaching major resistance, potential reversal
EURCHF is approaching major resistance at 1.1560 (Fibonacci retracement, horizontal pullback resistance, descending resistance) and a strong reaction could occur at this level to push price down towards 1.1455 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching strong support, watch for a potential bounce!
EURCHF is approaching strong support at 1.1521 (Elliott wave structure, Fibonacci extension) and what could happen is that it takes out the stop losses below our wave 3 with a wave 5 movement. This would then lead to a potential bounce up to 1.1639 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 4.2% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF forming a bearish crab reversal, keep an eye on this idea
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 below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF, D, Mutliple Rejections, Bollinger Spikes - Reversal!Hi traders,
I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest, however, I see a lot of potential downside. The uptrend was beautiful, not it is the time for a downtrend.
(This is not a trade recommendation. Please trade with care!)
EURCHF and the purple balloons storyI like to think the 21EMA is a good indicator of price action and when used together with candle stick, it is powerful.
Look at the 8 purple balloons that I have circled. Notice each succeeding upmove is evidenced by a bullish engulfing pattern, i.e.. 1-2 green candles closing higher than the previous red candles. Sometimes, it is obvious, others less conspicuous. Nevertheless, like a caterpillar, it follows the trail of the 21EMA rather than taking on a straight linear path like the black line.
Would there be a 9th purple balloon or will it break down? We shall see
EURCHF Short at 1.152Our preference: short position below 1.1580 with targets at 1.1520 & 1.1505 in extension.
Alternative scenario: in excess of 1.1580, aim for a continuation of the rise with 1.1600 & 1.1625 in the line of fire.
Commentary: as long as 1.1580 is not exceeded the risk of a sink of 1.1520 is important.
Sell EURCHF Breakout Long Term Based on H4, D + W TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.