EURCHF Potential bullish rise | 17th Mar 2022With price moving above the ichimoku cloud, we have a bullish bias that price will rise to our take profit at 1.04445 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from entry at 1.0323 in line with the 50% Fibonacci retracement.
Alternatively, price may break our entry structure and head for stop loss area at 1.01936 where the horizontal swing low support is.
Eur-chf
EURCHF Sell the previous support.EURCHF - Intraday - We look to Sell at 1.0278 (stop at 1.0297)
1.0280 has been pivotal.
Previous support at 1.0280 now becomes resistance.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 1.0282.
We are trading at oversold extremes.
Our profit targets will be 1.0228 and 1.0218
Resistance: 1.0220 / 1.0240 / 1.0280
Support: 1.0180 / 1.0160 / 1.0140
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.
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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
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.
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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.
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EURCHF Sell a break.EURCHF - Intraday - We look to Sell a break of 1.0549 (stop at 1.0567)
The medium term bias remains bearish.
A higher correction is expected.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.0502 and 1.0492
Resistance: 1.0570 / 1.0580 / 1.0590
Support: 1.0560 / 1.0550 / 1.0540
Key level broken and buying opportunity with EURCHFH4 time frame.
Structure: The short-term downtrend ended when the price broke the Key level at 1.05000.
Wait for the price to retest and confirm the bullish signal, then you can find buying opportunities.
The profit target is the 1.07000 price zone.
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Wish you all have a good trading day!
EURCHF bullish continuation | 18th Jan 2022Price broke out of the descending trendline resistance, signifying overall bullish mometum. We can expect price to bounce from the pivot level in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement . Our bullish bias is further supported by the Ichimoku cloud acting as a 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
EURCHF bullish continuation | 18th Jan 2022Price broke out of the descending trendline resistance, signifying overall bullish mometum. We can expect price to bounce from the pivot level in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku cloud acting as a 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
EURCHF bullish continuation | 17th Jan 2022Price brokeout of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 61.8% Fibonacci projection and 50% Fibonacci retracement towards take profit level in line with 61.8% Fibonacci retracement . Our bullish bias is further supported by the Ichimoku cloud indicator where price is holding above the clouds.
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
Wait for a buy signal with EURCHFH4 time frame.
Structure: The downtrend ended when the price broke the Key Level at 1.04600.
Currently, the price is moving to retest and there is a possibility of forming a bullish pattern here.
Wait for the bullish pattern to appear, then you can look for buying opportunities.
Profit target is 1.05600 price zone.
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Wish you all have a good trading day!
EURCHF bullish continuation | 17th Jan 2022Price brokeout of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 61.8% Fibonacci projection and 50% Fibonacci retracement towards take profit level in line with 61.8% Fibonacci retracement. Our bullish bias is further supported by the Ichimoku cloud indicator where price is holding above the clouds.
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
EURCHF LONGLong-term trend is strongly bearish but we could take good mid-term profits in corrections. We could take even more profit if a reversal happens.
1- At top of the cloud.
2- Creation of a ascending channel is possible.
3- Far enough from the bearish trendline .
4- A strong resistance is broken and intersects the top of cloud.
It seems smart money is trying to make retail traders SLs hit!
Levels are drawn regarding bottom of the cloud and touching range of the cloud and the TP3 is about 50% of the impulsive ling-term mid which is a possible correction.
Enter a long position!
Take some profits on levels and follow the signal for more instructions.
EURCHF potential for pullback! | 12th Jan 2022Prices are at a daily pivot and on bearish momentum. We see the potential for a sell entry at 1.05132 in line with 23.6% Fibonacci retracement , 78.6% Fibonacci extension and 127.2% Fibonacci extension towards our Take profit at 1.04649 in line with 23.6% Fibonacci retracement . RSI is at levels where dips previously occurred.
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.
EURCHF potential for pullback! | 12th Jan 2022Prices are at a daily pivot and on bearish momentum. We see the potential for a sell entry at 1.05132 in line with 23.6% Fibonacci retracement, 78.6% Fibonacci extension and 127.2% Fibonacci extension towards our Take profit at 1.04649 in line with 23.6% Fibonacci retracement. RSI is at levels where dips previously occurred.
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.
Divergence and key level breakout with EURCHFH4 time frame.
Structure: The downtrend ended when the price broke the Key Level at 1.04500.
Wait for the price to return to retest and appear a buy signal, then you can enter an order with EURCHF.
Profit target is 1.06500 price zone.
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Wish you all have a good trading day!
EURCHF potential for short pullback! | 11th Jan 2022Prices are at approaching a Pivot and were previously on bullish momentum. We see the potential for a short pullback from our sell entry at 1.05268 in line with 78.6% Fibonacci extension and 23.6% Fibonacci retracement towards our Take Profit at 1.04667 in line with 23.6% Fibonacci retracement . RSI are at all time high levels.
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.