Swiss Safety Net? EUR/CHF Ichimoku sell setupWe saw the Swiss Franc make up some strong ground last week and I am looking for that trend to continue this week. We are pretty far from tenken sen so we may end up getting a drawback to test resistance before trying to make a move further down. I am placing my entry below previous price structure support to the left of current price. If we break that level I'll be looking to hop in that sell targeting the next major price structure support you can see based on where my TP is set. As an alternative we can also look for a sell off a Tenekn sen rejection (This is the bounce trade I teach) which would give us a better risk to reward as well. If we fail to break lower or hold resistance at tenken sen, this setup may become invalidated.
Eurchfshort
EURCHF another bearish wedgeIt is not the most perfect wedge, but it does have a support and resistance that is tested multiple times.
The bearish idea would fit in the downtrend on the weekly since august '18.
We're seeing some bearish movement right now so maybe it will break soon, while the wedge is closing in.
Keep an eye on it and thanks for reading!
EURCHF BULLISH CONTINUATION SETUPHi traders,
The EURCHF reversed from weekly support and broken out of descending trendline and key resistance level.
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Currently, the price is making a bearish correction to retest the broken resistance level that lined up with moving averages and 50.0 Fib ratio level as support.
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EURCHF bearish correction which unfolding as ABC zigzag pattern is probably a wave iv "black" of a larger impulsive wave (iii) "brown."
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We will wait for the price to complete the correction at our confluence level and look for a breakout of the blue CTL for a long entry.
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Price has the potential to move higher and complete impulsive wave v "black." The main target is -27.0 FE that lined up with resistance level as projected on the chart.
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Thanks for reading!
EURCHF approaching support potential bounce! EURCHF is approaching our first support at 1.1344 (horizontal pullback support, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1385 (50% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF possible Short opportunityIn the last 3 months the EURCHF has created a really strong Resistance line that is slightly declining. The price is getting close to that line again so we should expect an another bounce down from this line. Just mind that the lowest point of the last 3 months price consolidation was on the 2nd of january and from that point the next lowest points are slightly climbing up, so be careful when placing your limit order. RSI is going overbought. I wish you the best of luck with your trading :) .
Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.12692. The system recommends entering this trade at any price between 1.1256 and 1.12824. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.80189, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00106, so the stop loss has been set at 1.1322. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 61405
Time Issued: Friday, 25 January 2019 04:00:15 GMT
Status: open
Entry: 1.1256 - 1.12824
Limit: N/A
Stop Loss: 1.13220
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1317 (horizontal overlap support, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 109.70 (100% Fibonacci extension, horizontal swing high resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.13421. The system recommends entering this trade at any price between 1.1334 and 1.13502. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.15448, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00065, so the stop loss has been set at 1.13097. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 61318
Time Issued: Wednesday, 23 January 2019 07:00:16 GMT
Status: open
Entry: 1.1334 - 1.13502
Limit: N/A
Stop Loss: 1.13097
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURAUD Approaching Resistance, Potential DropEURCHF is approaching its resistance at 1.1341 (61.8% Fibonacci extension, 61.8%, 50% Fibonacci retracement, Horizontal swing high resistance) where it may drop to its support at 1.1246 (100% Fibonacci extension, Horizontal swing low support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding drop may occur.
EUR/CHF SHORTS!Am looking to take a short should the daily candle close within the descending trendline I have drawn in my analysis. Confluence with at least 10 times the price touched 1.13420 levels over the past 2 months and failed to close above those regions. Am looking for the first take profit regions to be at the previous daily candles wicks, and further take profits at 1.12500 levels!
LEZZGO!!
Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.12676. The system recommends entering this trade at any price between 1.12556 and 1.12796. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.29069, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00096, so the stop loss has been set at 1.13157. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 61201
Time Issued: Wednesday, 16 January 2019 01:00:16 GMT
Status: open
Entry: 1.12556 - 1.12796
Limit: N/A
Stop Loss: 1.13157
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF approaching support, potential bounce! EURCHF is approaching our first support at 1.1237 (horizontal swing low support, 61.8%, 100% fiboancci extension, 78.6% fibonacci retracement) and a strong bounce might occur below this level pushing price down to our major resistance at 1.1287 (Horizontal swing low support, 38.2% fiboancci retracement).
Stochastic (34,5,3) is also approaching support and we might see a corresponding rise in price should it bounce off this level
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13215. The system recommends entering this trade at any price between 1.13085 and 1.13345. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.50955. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00519, so the stop loss has been set at 1.13734. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 61122
Time Issued: Thursday, 10 January 2019 21:00:17 GMT
Status: open
Entry: 1.13085 - 1.13345
Limit: N/A
Stop Loss: 1.13734
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF approaching resistance, potential drop!EURCHF is approaching our first resistance at 1.1286 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 1.1183 (horizontal swing low support).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.12192. The system recommends entering this trade at any price between 1.1207 and 1.12314. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.789. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00487, so the stop loss has been set at 1.12679. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 60999
Time Issued: Thursday, 03 January 2019 09:00:15 GMT
Status: open
Entry: 1.1207 - 1.12314
Limit: N/A
Stop Loss: 1.12679
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1219 (horizontal pullback resistance, 61.8% fibonacci extension, 23.6% fbonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1152 (100% fibonacci extension).
RSI (55) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
EURCHF short on H4Hi together EURCHF give us a good option to go short on the 4H chart.
After an double top and a break of the bullish trendchanal we have to wait for a breakout to the downside.
The RSI of the last 2 trading weeks looks good to for a short entry on lower timeframe with low risk.
I wish you a good trading week.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.1263. The system recommends entering this trade at any price between 1.1251 and 1.1275. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.78596. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00481, so the stop loss has been set at 1.13111. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 60894
Time Issued: Sunday, 30 December 2018 22:01:16 GMT
Status: open
Entry: 1.1251 - 1.1275
Limit: N/A
Stop Loss: 1.13111
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.