EUR/CHF Technical Analysis
The counter has formed a dragon pattern.
In a downtrend, it made a 38% retracement from the low and then rendered a false breakout.
Further, it is on the verge of breaking out the trendline (a break validates it).
Hence, we advise traders to be long in the counter once it crosses 1.730.
Eurchfsignal
EURCHF - BUY STOP PREPARATIONi think EURCHF making a nice falling wedge pattern nicely, but only get in to the trade if price break upper channel line. This set-up only for testing my knowledge and see if can overcome the market or not. please trade it on your own risk. but if the price break the below channel line, this long trade set up is invalid.
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.
EUR/CHF BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
EUR/CHF: Daytrade-Execution
Market-Buy-Order: 1,07270
Stop-Loss: 1,07060
Target 1: 1,07485
Target 2: 1,07610
Target 3: 1,07790
Target for One-Target-Trader: 1,07610
Stop-Loss: 21 pips
Risk: 0,5% - 1%
Risk-Reward: 2,44
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Peace and good trades
Irasor
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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.
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 | PERSPECTIVE FOR THE NEW WEEKThe Euro appears to be gaining momentum after such a long time lingering in the background of a Bullish Franc as it begins to find her way a major Demand level. A bullish engulfing candle breaking out of Major Support/Resistance level last week is a sign that supports a Bullish perspective in the coming week(s).
Tendency: Uptrend ( Bullish )
Structure: Breakout | Reversal Structure
Observation: i. Looking forward to an engulfing spring from CHF1.08000 level in the coming week to confirm bias.
Trading plan: BUY confirmation with a minimum potential profit of 100 pips.
Risk/Reward: 1:4
Potential Duration: 1 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
The power of a range! We have already published the opportunity to trade within the range at EURCHF 3 times.
It started in mid-July and for 2 months now the price has been moving in this range. As you know, this is a good opportunity to trade from the bottom to the top and back.
At this point, the price has bounced off the bottom and we expect it to go to the top again!
The longer the range lasts, the stronger it becomes and the moment we see a breakthrough, there will be a clear movement in the direction of the breakthrough. This will be a good opportunity for another trade. So watch this situation not only to the top, but beyond!
Like and comment to get the price up again :)
EURCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: market or on pull back,if my markup is right we are start formed wave of 3
targets: 1.0865 - 1.0915 - 1.0970
after first target reached move ur stop to breakeven
stop: 1.0766 (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 3.5+
Good luck
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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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Veejahbee.
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.
EURCHF, daily timeframe, buy above the kumo cloudHello my friends,
I just got this fresh from the oven of my tradingview forex screener.
This pair has been in consolidation for 6 weeks and yesterday candle finally showing some strength in bulls.
We got all the confirmation needed to take a long position.
1st confirmation is price above the kumo cloud so we only looks to buy.
2nd confirmation is Parabolic SAR finally switched from above the price to below it, indicating buying pressure
Buy EURCHF at 1.0800
Stop loss at 1.0745
Take profit 1 @1.0855
Take profit 2 @1.0910
Use only 1-2% risk
Good Luck
Disclaimer : I am buying this pair from 1.0800
EURCHF - BULLISH BIASEUR - BULLISH
1️⃣ Euro was supported by a stronger-than-expected Eurozone's business survey in August, as well as broad dollar weakness in the aftermath of Federal Reserve Chairman Jerome Powell's speech at Jackson Hole.
2️⃣ The US Fed chief also warned about increasing downward risks to employment and inflation due to the pandemic.
CHF - BEARISH
1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence.
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TECHNICAL
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- We are looking to long EURCHF on SMA100 area + RBS level on H1 chart.
- EURCHF in bullish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if USD make a comeback or markets sentiment turns to risk-off mode that will boost CHF performance.