#USDCHF approaching pivot, potential for a bounce!Description
Price is approaching pivot level of 0.92911, which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level. A reversal from this level may see price take resistance at price 0.93698. This level coincides with 127.2% Fibonacci retracement level. Finally, we can expect price to take support at 0.9269450.0% Fibonacci retracement level, 61.8% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92911
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level
1st Support:
0.92694
Why we like it:
50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level
1st Resistance:
0.93698
Why we like it:
127.2% Fibonacci retracement level
Trading FX & CFDs carries high risk.
Eur-chf
Possible trend shift in EURCHF – going short |30thSeptSignal ID: 77729
Time Issued: Thursday, 30 September 2021 03:00:16 GMT
Status: open
Entry: 1.08225 - 1.08421
Limit: N/A
Stop Loss: 1.08715
The Tidal Shift Strategy has just sold EURCHF at 1.08323. The system recommends entering this trade at any price between 1.08225 and 1.08421. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 5.81117, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00078, so the stop loss has been set at 1.08715. This stop loss order is a trailing stop that will move down as the market moves down. 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.
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 sell signal with EURCHFH4 time frame.
Structure: Downtrend at Daily time frame.
The uptrend was broken when the price broke the Key level at 1.08400.
Wait for the price to return to the 1.08800 area to form a lower peak and appear a sell signal, then you can enter an order with EURCHF.
The profit target is the zone 1.07800 and 1.07000.
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Wish you all have a good trading day!
Eurchf buy Hi All,
I'm very much in the chf bearish camp!and i'm looking to keep buying against the chf till at least the early Nov-Dec. Looking at this pair, we are looking to go long from the current level. Break and re-test of the trendline.
Let keep simple on this pair.
entry and sl marked.
Share, like and comments welcome.
Many Thanks
EURCHF Sell a break setup.URCHF - Intraday - We look to Sell a break of 1.0869 (stop at 1.0882)
Bearish divergence is expected to cap gains.
Bespoke support is located at 1.0870.
A higher correction is expected.
Our profit targets will be 1.0831 and 1.0821
Resistance: 1.0890 / 1.0900 / 1.0920
Support: 1.0870 / 1.0860 / 1.0840
EURCHF - DAY TRADE VIEWAUDUSD - As per the price action, trend lines , & technical indicators it is expected to go down from the current price.
My approach will be a sell here at current price 1.07580
Potential downside target 1.07250
Maintain stop loss around 1.07650
Trade as per your risk appetite, I will be glad to see your likes & comment.
EURCHF on a bear flag 🦐EURCHF on the 4h chart is moving inside a bear flag below a structure.
The price has tested the 0.382 Fibonacci level and according to Plancton's strategy if the price will break below we will 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
EURCHF Long 170 pips!Here we have a FX:EURCHF Long. This BUY is on a structure level and a possible trendline touch.
Fist TP is in the first structure level at 107.4 area where i will secure 50% of my position and let the remainder run. With a Stop loss of 20 pips making the RISK:REWARD 1:8.63.
This is a high probability trade
EUR/CHF Signal - CHF Trade Balance - 19 Aug 2021EURCHF has bounced from the daily trendline prior to the CHF Trade Balance data, which shows the balance between Switzerland's Imports and exports. Technically the pair has broken the bearish structure after a bounce from the higher time frame trendline, and we anticipate continued upside into the 1.0791 level.
EURCHF Buy a break setup.EURCHF - Intraday - We look to Buy a break of 1.0817 (stop at 1.0801)
Prices have reacted from 1.0713.
Short term bias is bullish.
A break of bespoke resistance at 1.0817, and the move higher is already underway.
Trend line resistance is located at 1.0805.
Our profit targets will be 1.0865 and 1.0875
Resistance: 1.0817 / 1.0830 / 1.0840
Support: 1.0800 / 1.0790 / 1.0780
EUR/CHF: High Risk Reversaltrade am ausbrechenLiebe Tradingview Community,
das gesamte WSI Team wünscht Euch einen erfolgreichen Start in die Tradingwoche. :)
Zu Beginn der Woche blicken wir auf ein Forex Longsetup für diejenigen, die vor dem Ami Open erhöhtes Risiko spielen möchten. Wir raten hier zu einer sehr kleinen Positionsgröße - da wir gegen den Trend traden.
WSI Long Argumente
1. Bodenbildung an starker US-Zone im Monatschart/Wochenchart abgeschlossen.
2. Abwärtstrend visuell + strukturell gebrochen
3. Alle MAs in H1 geknackt
4. Kurzfristiger Aufwärtstrend
Risiko
Kein Trendsetup - dies ist ein Reversalsetup gegen den ursprünglichen Trend. Das Setup setzt auf einen Reversal zu WS-Zone bei ca. 1.0794.
Korrelation
Hohe Korrelation mit USD/CHF. Bei sich durchsetzender USD-Stärke würde USD/CHF auch long laufen.
MTF Analyse
Reversal nach starker Bodenbildung im Wochenchart. Chartsupdate in W1 folgt.
Ein Longsetup mit erhöhtem Risiko zum Start der Woche.
Euer Meikel
EURCHF Buy the support.EURCHF - Intraday - We look to Buy at 1.0741 (stop at 1.0725)
Prices have reacted from 1.0713.
Previous resistance, now becomes support at 1.0740.
A bullish reverse Head and Shoulders is forming.
We look for a temporary move lower.
Our profit targets will be 1.0789 and 1.0799
Resistance: 1.0770 / 1.0780 / 1.0800
Support: 1.0750 / 1.0740 / 1.0730
EURCHF facing bullish pressure | 26th July 2021EURCHF is approaching buy entry, in line with 61.8% Fibonacci extension. Prices may rally up take profit level in line with 61.8% Fibonacci retracement. Alternatively, prices may fall to stop loss, in line with 100% Fibonacci extension, and 161.8% Fibonacci retracement. Moreover, Stochastic is approaching 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.
EUR/CHF:NEW FIBO SWING OPPORTUNITY|DOWNTREND|SHORT SETUP 🔔After our previous Idea with Take profits Reached , there is a new opportunity of trend trading continuations. The chart now show a new sideways area . We are waiting for a breakout to see the price definitely continue to fall down...
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Have a Good Day Trading !
BUY EURCHFHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the pair is inside DESCENDING CHANNEL and has made an INVERTED HEAD AND SHOULDER. Wait for the breakout
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
UPDATE! EURCHF for a lower low 🦐EURCHF on the 4h chart moved as expected.
The price broke below the strong support and retest it with a retracement move to the 0.382 Fibonacci level.
Currently, the market is moving to the minor support and according to Plancton's strategy if the price will break below we can 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