Eurchfshort
EURCHF sideways market EURCHF is moving in sideways after breaking the 1.07400 support level. So, not a good opportunity right now on EURCHF. But, if we see a daily close on EURCHF below the 1.07000 support level then in the retest of that impulse the support will turn resistance and from there we can take a short. So, firstly we have to see EURCHF break this range and a daily close below the support level.
EURCHF H4 TRIME FRAME TRADING IDEA (SHORT)The the chart has recently dipped under the major consolidation zone on the H4 timeframe, it just finished retesting and now has started to become bearish again. it is currently floating on the 50MA on the H4 time frame and is on the 50% gold zone one the Fibonacci. however there are no clear sell indicators on the RSI and the wicks are pointing up on the 15 min time frame at the moment, looking like it is going to retest the resistance one more time in order to create a triple top. lastly on teh currency strength meter the CHF is very strong compared to the EUR.
Eurchf short opportunity Eurchf was on a channel for a while. The market has recently broken the channel and we can expect a big move to the downside. Right now the market is extended to the downside so not a good opportunity for short. Waiting for the market to go test at least 0.38 or possibly 0.5 or maybe even 0.618 fibo retracements on daily chart and sell from there or the market can also continue to the downside without a retracement but a retracement will be best. look at 4H for an entry. Take profit will be 1.06300.
EUR/CHF SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we need to wait for a confirmation.
EUR/CHF: Day-Swingtrade-Preparation
Market-Sell: 1,07440
Stop-Loss: 1,07600
Target 1: 1,07290
Target 2: 1,07200
Target 3: 1,07075
Stop-Loss: 16 pips
Risk: 0,5-1%
Risk-Reward: 2,40
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Peace and good trades
Irasor
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EURCHF - BEARISH BIASEUR - BEARISH
1️⃣ ECB President Christine Lagarde told the WSJ that the central bank was ready to unleash further stimulus to support the Eurozone economic recovery, including slashing interest rates deeper into negative territory.
2️⃣ Lagarde also warned that output would not return to pre-pandemic levels until the end of 2022.
CHF - BULLISH
1️⃣ The selling pressure surrounding the greenback at the start of the week seems to be causing CHF to stay in bullish zone.
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TECHNICAL
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- We're looking to short EURCHF on SBR level + SMA100 area + fibo retracement 61.8% level on H1 chart.
- EURCHF in bearish zone.
EURCHF - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish fake-out and price action towards previous highs.
4 HOUR
Very strong resistance area right now.
DAILY
Overall great short entries, price very high.
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FOREX SWING
SELL EURCHF
ENTRY LEVEL @ 1.08260
SL @ 1.08710
TP @ 1.07620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCHF Trade Plan: Sell After Breakout ConfirmationEURCHF decline in a five-wave impulse pattern and also trading below the daily resistance zone.
Price is retracing the impulsive decline and has the potential to retest the resistance level . Look for the breakout of the counter trend line and the green level for sell trade confirmation.
The breach of the red line will invalidate the bearish outlook.
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EUR/CHF - ready for another break to the downside?EUR/CHF has been interacting with the descending weekly trend zone for the past six weeks. We have seen no break to the upside from the descending weekly zone which may mean there is a lack in bullish momentum to break through. Since 2018, every ascending or ranging market that has then met the descending weekly trend zone has broken to the downside. We will continue to expect this precedent until we get a clear indication of a break to the upside.
Although last week was relatively bullish, as price did not close above 1.0845 we are still anticipating a bearish turn in the Euro and therefore a break to the downside, however we will be looking for further confirmation of bearish rejection before entering. Once we have a clear sign we will complete a second analysis on this currency pair.
EUR/CHF Technical Analysis
The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.