EUR/CHF long Trade +Hello, Traders!
Monfex is at your service and today we overview EUR/CHF .
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14 .
But it is more inclined to think that there will be a downward rebound from the resistance line, since a strong trend movement and a good trading tone is sell from the main resistance levels.
Active Trade Signal by EUR/CHF
Buy near 1.1020
Take profit ~ 1.1158
Stop loss at 0.986
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Eurchfshort
EURCHF overbought plus bearish divergence. Mid term idea!EURCHF is having trouble making new October highs after hitting resistance at the daily chart’s 100 SMA!
Does this mean that the euro’s partying days are over? A quick peek at EUR/CHF’s Stochastic flashing overbought signals for the pair. What’s more, there’s also a bearish divergence on the chart!
EURCHF approaching resistance, look out for potential reversal!
EURCHF is approaching its resistance at 1.09389 where it is could reverse down to its support at 1.08962.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCHF - FOREX - 01. OCTO. 2019Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish reaction to our support zone.
4 HOUR
In a small H4 Pullback, good short entries.
DAILY
Prices still bearish but price is rising, we need a drop shortly!
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FOREX SETUP
SELL EURCHF
1ST ENTRY @ 1.08930
2ND ENTRY @ 1.09080
SL @ 1.09380
TP @ 1.08440
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCHF ShortHi,
We got a break of the previous swing low 108630 and we are looking to short the EURCHF on the bearish momentum forming on the 15m chart. The idea here is safe heaven buying from the bad CB Consumer Confidence that came out of the US today. We saw strong buying of the CHF, JPY currencies.
Entry: 108630
Stop Loss: 108825
Target: 108163
On the brake of the 108492, I will be looking to trail my stop to Break Even. The first target comes in at 108374 which is where I will take off half the position. The risk on the account is 1%.
BUY EURCHF AFTER PULLBACKFX:EURCHF
Buyers are having a field day. We saw price impulse bullish and it's currently rejecting off a solid point of resistance. Price is showing potential to retrace at least 50% of that bullish move before the buyers come into play again. You can also see this as buyers taking profits.
Entry, stop loss and take profit have all been marked. Risk no more than 2%.
EURCHF - Sell after it breaks the supportEURCHF has already broken the uptrend channel, created double top and later given a lower top. So hopefully it will break the support. Then we can expect it to go to at-least 1.08600 level. Also MACD is showing bearish divergence and Stochastic RSI is moving towards oversold region from overbought. I'll take a short position after a clear breakout of the support.
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.09467. The system recommends entering this trade at any price between 1.09353 and 1.09581. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.88279, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00091, so the stop loss has been set at 1.09012. 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: 68072
Time Issued: Tuesday, 10 September 2019 17:00:15 GMT
Status: open
Entry: 1.09353 - 1.09581
Limit: N/A
Stop Loss: 1.09012
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Past Performance is not an indicator of future results.
EURCHF Managment SELL to long term target 1.0650The Eurozone has been struggling pretty much all summer as a basket for trading and has given plenty of of opportunities to SELL its weakness. This is the 3rd ABCD swing that it has made and from there it created a upward channel. The idea was to SELL once it broke and retested the support or to sell it at a high price at the resistance. At this point the market has broken the channel so to manage the trade on the daily there is a Mid term target at 1.0770 that is about 50 pips away I expect if the market to move to this target and retrace again and give people another opportunity to sell it again to the long term target of 1.0650 which is a monthly pivot. So keep your eyes out for a high price on the 2hr chart to sell if there is another opportunity.