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Eurchfsell

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.
Short
by Tickmill
4
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!)
Short
by MyChildTradesBetterThanYou
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
Education
by dchua1969
EURCHF Price Approaching Key ZoneStill a beginner so bare with! As you can see; Higher prices are being rejected at the key resistnace level 1.09752. buyers have tried to push and close above it on the daily chart; But just couldn't succeed. Fridays daily candle finished extremely bearish and theres a strong rejection of higher prices towards the resistance level; There has been a huge bearish engulfment from Thursday and Fridays Candle on the daily so I am expecting price to drop and fall down all the way down to Near Term Strong support level at (1.08631); If price does fall down to this near term support level and respects it? Then we could then see another test of the resistance at 1.09752; And if buyers fail to break this confidently again then we may have a double top on our hands and expect a huge downward move to force through the near term support. But for now, I am just going to try and join in on any downward continuation signals (on 1hr/4hr) towards the near term support and then see how price reacts to the support. Im expecting a fairly bearish next few days
Short
by Tinotenda96
EURCHF seems determined to fall...Guys... Above 1.0711 we can see a near term base for a recovery bak to 1.0726. Beyond 1.0771 is needed to mark further downside. EURCHF below 1.0711 can keep the immediate risk lower for the June 2016 spike and 61.8% retracement of the April-15/February-16 rally at 1.0623/04. Below here is needed to mark a more important top for 1.0445/40. The SNB may also believe it is inevitable that some gradual but temporary appreciation manifests in the lead up to one of the most important elections for Europe over the last decade. The EURCHF may be seen as a self correcting phenomenon with the Le Pen winning. It may be very possible for this to reach parity, even with SNB FX intervention this continues to fall gradually. Please remember to like this idea and comment if you found it useful! All the best
Short
by TheBanker
2