Eurchfshort
EURCHF consolidating in a falling channel. Sell opportunity.Hello traders how are you ? Hope all are good.
So here is my simple H4 analysis of EURCHF.
We have two channels one is the D1 timeframe channel. And the second one is H1 and H4 channel which is being created to test the support of the D1 channel. Price is still consolidating in a small channel to hit its target of the major support. Hope you all understands what i am saying.
Have a good day traders.
Peace out.
EURCHF Sell a break.EURCHF - Intraday - We look to Sell a break of 1.0779 (stop at 1.0792)
Broken out of the triangle formation to the downside.
There is no clear indication that the downward move is coming to an end.
The bias is to break to the downside.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.0742 and 1.0732
Resistance: 1.0800 / 1.0810 / 1.0820
Support: 1.0780 / 1.0770 / 1.0760
EURCHF ANALYSISEURCHF is near a strong support and psychological level at 1.07. Since November 2020 this level has not been broken so it’s a really good buying zone. We will be looking for buy entries if this support holds, last test it was a buy rally until 1.09200 so a good chance for a long term trade. If a candle manages to close below this support we need to look for sell entries if the support is really broken, wait for a retest for a confirmation and enter on a sell.
Wait for a sell signal with EURCHFH4 time frame.
Structure: Downtrend at Daily time frame.
The uptrend was broken when the price broke the Key level at 1.08400.
Wait for the price to return to the 1.08800 area to form a lower peak and appear a sell signal, then you can enter an order with EURCHF.
The profit target is the zone 1.07800 and 1.07000.
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Wish you all have a good trading day!
[MM's daily technical analysis] 22.09.2021 SHORT EURCHFIn the past few days we have witnessed two days of strong downward slip of the EURCHF.
1.0940-1.0970 area has proven to be strong resistance/struggle area and the strong downward momentum may indicate a reenter of the long-term downward channel.
My own trading system clam has indicated a sell signal thus we have established a trading idea of going short on EURCHF.
ideal OP: 1.08365 TP: 1.0700 SL: 1.09400 RR: 1.36
EURCHFlast day price make an significant downtrend channel and now price already broke the structure. We must waiting the price make an retest and confirmation for uptrend or just bounced off the resistance area and going back to downtrend. Remember to always waiting the breakout + retest + candle confirmation + money management + psychology. GOOD LUCK
EURCHF About to Complete Short-Term Bear Formation - SellEuro Swiss franc looks ripe for a sell off. I have place stop and limit orders within the yellow box with a very tight SL of 20 Pips (200 points)
Use a unified SL @ 1.09347
Use a unified TP @ 1.08603
See you at the other side.
Profits : 54pips
Avg SL : 25 pips
RRR : 1:2.5
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end result if adapted by anyone. Trade cautiously as there are chance that you will loss your investment.
FX:EURCHF
EURCHF Sell Limit HereEURCHF Sell Limit Here >>
Some manipulation will be made in EURCHF pairs. Breakout the Weekly trend line in h4 time from. There is a Zone area to retest. Lets see how much Draw Down is made that this sell limit trade.
Leave your opinion in the comment so that I can learn some extra things as well
EURCHF A1 Short C Grade (Idea)Another 2 knocks here on this ECHF short idea. I do trade counter trend EMAs, but the over extended candle is what kept me out. Note that there is also divergence, but this isn't something that I keep on my checklist due to backtesting. On C grades I will normally close at 1R, but because I don't take C grades and my rules tell me to close half at 1.5R, that's what I would've done and that's where price has reached to the tee before reversing.
EURCHF Sell a break setup.URCHF - Intraday - We look to Sell a break of 1.0869 (stop at 1.0882)
Bearish divergence is expected to cap gains.
Bespoke support is located at 1.0870.
A higher correction is expected.
Our profit targets will be 1.0831 and 1.0821
Resistance: 1.0890 / 1.0900 / 1.0920
Support: 1.0870 / 1.0860 / 1.0840