Get started

Eur-chf

EURCHF looking up 🦐EURCHF on the 4h chart is trading below a minor resistance area. The price after 2 test of the area retraced over the lower descending trendline and bounced for a new test of the structure. How can i approach this scenario? Being Friday is quite risky to trade in the late sessions but if the market will break above the resistance area i will consider a nice long position according to the Plancton's strategy rule. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
EURCHF Sell the break of yesterday low.EURCHF - Intraday - We look to Sell a break of 1.0149 (stop at 1.0174) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our bespoke support of 1.0185 has been clearly broken. We look for losses to be extended today. A break of yesterdays low would confirm bearish momentum. Our profit targets will be 1.0082 and 1.0072 Resistance: 1.0180 / 1.0200 / 1.0220 Support: 1.0150 / 1.0130 / 1.0100
Short
by Signal_Centre1
EURCHF a bearish continuation 🦐EURCHF on the 4h chart is moving in a descending trend. The price after the recent low retest the resistance at the 0.618 Fibonacci retracements creating a possible triangle pattern. How can we approach this scenario? Currently, the market is testing once again the structure area and if the pair will break below the ascending trendline we will search for an entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
EURCHF a turn at the 0.618 Fib 🦐EURCHF on the 4h chart is moving in a descending trend. The price after the recent low retest the weekly resistance at the 0.618 Fibonacci retracements creating a possible double top over it. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will search for an entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
EURCHF turning bullish for the rest of the year.This is the EURCHF pair on the 1W time-frame. In the past two weeks, the pair has posted a strong rally, recovering almost all of the late February's losses. The last time that the pair has had a similar two-week rally after contact with the Lower Lows trend-line (bottom) of the Channel Down, was in May 2020. That kickstarted a +1 year (gradual) rise that topped on the Lower Highs trend-line of the Channel and in fact got rejected on the 1W MA200 (orange trend-line). As a result, our plan on EURCHF is to buy every pull-back for the remainder of 2022, with an initial target the 1W MA50 (blue trend-line) and then the 1W MA200 in extension. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
EURCHF can break the 1 to 1 key level? 🦐EURCHF on the 4h chart moved lower near to the key level of 1 to 1. The price due to the uncertain Euro stability dropped sharply since the beginning of the tension on the Ukrainian war. From a technical perspective, i could expect some retracement to the upside at the beginning of the week and i will wait for it before considering a new short position. How can i approach this scenario? If the price ill retrace to one of our key levels i'll wait for the inversion. In that case, i will search for the application of Plancton's strategy rules to set a nice short order. ––––– Follow the Shrimp Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
EURCHF potential for reversal | 22nd FebPrice is near buy entry level of 1.03345 in line with 127.2% Fibonacci projection. Price can potentially go to the take profit level of 1.03998 in line with 100% Fibonacci projection and 23.6% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is near support level. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURCHF Bullish continuation | 9th Feb 2022 Price is abiding to the descending channel, signifying an overall bearish momentum. However, we can expect price to make short-term bullish bounce from pivot level in line with 23.8% Fibonacci retracement towards take profit level in line with 61.8% Fibonacci projection. Our short-term bullish bias is further supported by the RSI indicator where the it is abiding to the ascending trendline support. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet