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EURCHF trade ideas

Possible short on EURCHF for next weekI have been working on my own indicator called FICO (FX Index Curve Oscillator). It seems to perform well in backtesting and as a way to engage in forward testing, I am posting this idea. Basically it works by making our own DXY-like index for each currency, then plotting its rate of change. By looking at relative strength and weakness with each one, we can find pairs and direction to trade. Using this indicator, it shows that the EUR is about to flip negative, and the CHF is about to flip positive. Therefore, we want to short EURCHF to be on the right side of both of these tickers. But we're not there quite yet. We need another candle or two for the confirmation to happen (eg we might get another green candle with a large wick) so we don't want to enter yet and risk getting stopped out. If the trade works out exactly as planned (eg entry at 0.97719 and hits 4x ATR level), then this trade would be worth 180 pips. Let's find out next week!
Short
by KyleBaran
4
EURCHF - Bullish Harmonics ABCD PatternEURCHF pair in past week is in down trend. Formed bearish divergence on RSI coupled with Rising wedge pattern and we entrered the position at the breakdown of the wedge. Now applying the harmonics it is forming a Bullish Harmonics ABCD Pattern with projection of PRZ (Potential Reversal Zone) at major key level where the pair had previous consolidated before the previous up move. Trade Plan: For time being we can carry our short on the pair and watch how the price action respond at PRZ.
by kiki_crypto
1
EURCHF ready to sell, 4hrThe last few week the EURO has been positive causing the EURCHF to buy and cross the resistance at 0.96800 and also making it a support. But the pair failed to make more buying opportunities and we therefor fell back to 0.96800 and broke bellow and the also came back to retest the resistance The pair made a double top pattern for more clarity on its selling momentum then after it broke the neckline it came back to create a continuation pattern flag to confirm that it is a solid trade.
Short
by AnalysisExpert
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF , it's nice to see a strong sell-off from the price of 0.97080. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
by Trader_Dale