Eurchfsell
EURCHFOur preference: sales position below 1.1045 with targets at 1,1015 & 1,0990 in extension.
Alternative scenario: in excess of 1,1045, aim for a continuation of the rise with 1,1060 & 1,1075 in line of sight.
Comment: the slip under the 1,1045 constitutes a negative signal which opened the way to 1,1015.
EURCHF short sell opportunityDon't miss it! Available for 30 min in 15 min time frame, for an hour on a 30 min time frame.
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
Expected Figures From EUEU just came out with new economic figures. Expected Consumer Price Index stats were delivered without shaking this short setup, I have been looking at this week. CHF came out with unchanged interest rate, also following consensus. I've a floating SL around the 200ema and expect it to hit around 1.06400, which is a previous tested psychological level.
EURCH D TECHNICAL ANALYSISWe see the price fall by the end of the week to 1.0540 - The setup will invalidate if the price breaks 1.0860 level.
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
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EURCHF Sell Set UpImportant Notes:
1. Strong resitance on EURCHF
2. Break out and then create flag will validate the down move
3. OBV already divergence and need break out to continue
$EURCHF H&SMirroring July 15, even to the 1 SFR bounce, suggests the H&S will complete down to 1.04. With a flag halfway down. Short a break of 1.0650.
Two advanced patterns with the trendHi guys,
today we have two advanced patterns on the 1hr chart on EURCHF. The analysis starts from higher timeframes.
As you can see in the 4hr and daily chart, we recently broke and closed below a daily resistance level.
Now that we're retesting that zone we expect a bearish trend continuation; in order to catch that move we search for shorting oportunities in lower timeframes as 1hr chart.
Here we found two bearish harmonic patterns that fits in our rules. Keep an eye on that!
Stops would go above x, target with 0,382 and 0,618 retracement of AD (for Gartley) or CD (for Cypher)
I'll let you know if i get involved.
If you want to ask questions, don't hesitate!
Good trading!
EURCHF FREE 200 PIPS ! HEY GUYS !
EURCHF IS HEADING TO A TOTALLY SELL !
SELL @ 1.09900 AND TAKE PROFIT SHORT @ 1.08900 AND LONG THAT MAY TAKE A WEEK @ 1.07900
Great 100+ pips on EURCHFHere is an idea over EURCHF on 15 chart. its close to the 2 big trends now and it has to switch to one of them :) Pick your winner
EURCHF XABC FORMED AND D LOOKING CLEARLY NOW ! I WILL WAIT A RETRACE ABOUT 50 PIPS THEN I WILL PUT A SELL AND TP @ 1.07200
Strong Resistance level above 1.0980 so advice for sellEurchf ignoring level above 1.0980 and on daily time Frame we saw many bearish candle formed around that level.
So Advice Sell eurchf in range fo 1.0965-1.10 sl above 1.1050 where TP 1.0850
