EURCHF a short term move 🦐EURCHF on the weekly and daily channel still look noisy and in a tight range between aa weekly and a monthly structure.
On the 4h chart the market created a minor descending channel and price is now testing support.
Being risky to trade with such volatility if the market will break and close below the structure we can set a short order according to Plancton's strategy
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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
Eur-chf
EURCHF - SWING - 05. OCTO. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish pressure and price action.
4 HOUR
Price back in range, good long positions!
DAILY
Overall sideways market forming another high..
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07890
SL @ 1.07660
TP @ 1.08220
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EUR/CHF - Free 3:1 Long Setup.EURCHF - Short term (until the end of week)
We look to Buy at 1.0737
We will cut loss at - 1.0719
Our profit targets will be 1.0789 and 1.0799
Risk to reward ratio - 2,9:1
Preferred trade is to buy on dips.
Price action continued to range between key support & resistance (1.0733 - 1.0830) and we expect this to continue.
We look to trade current range.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.0737, resulting in improved risk/reward.
Dips continue to attract buyers.
Resistance : 1.0800 / 1.0817 / 1.0830
Support : 1.0785 / 1.0760 / 1.0745
Signal Centre
EURCHF a noisy move 🦐EURCHF after breaking above the minor structure at the 1.08 area melted below and tested the 1.07750 support area..
The price went for a retest of the area at 1.08 didnt manage to break above.
IF the price will break below the support area at 1.07750 and consequently break the ascending channel we can set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF on a channel cross 🦐EURCHF is moving inside 2 strong weekly structure since the 14th of July.
Market created few false signals and quite a lot of noise withount taking a clear direction yet.
The price on the monthly chart is close to a extremely strong descending trendline too.
At the moment on the 4h timeframe we can notice that the market created a channel cross and broke over the minor resistance area around 1.08.
IF the price will hold that level we can expect a new test of the weekly structure.
For a safer trade we will wait a clear break of the weekly structure.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF BullishI have a .01 swing trade at 1.07715 Expecting price to breakthrough and test previous high, to come down and test bearish trendline, bullish trendline, and this zone.
Ideal entry is around 1.07410
Trying to set limit orders and reduce my time and overall risk in the markets. Lets see how this works out.
I would love to see price come down and fill this wick on the 1hr tf. My current limits I placed at the beginning of the week were missed by less than 1 pip. :(
If it's a real uptrend I'd expect it to not take out previous lows so my stops will be at those levels.
I feel like I'm missing something.
EURCHF on a channel cross 🦐EURCHF on the daily chart looks still inside the big range between the 2 weekly structure around 1.08400 and 1.07300.
The market is inside a major slightly uptrending channel (blue lines) and is creating also a minor descending channel (yellow lines).
Price recently tested and broke the minor support around 1.07500 and we can expect another test of the daily structure and probably even of the lower one.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF still inside the channel 🦐EURCHF on the daily chart respected the uptrending channel.
Price attempts a break and tested the daily structure around 1.07300.
For the one who likes a shorter therm trade, IF the price will break above the minor structure, we can set a nice long order.
Anyway, for a longer term trade, we will wait for the break of the range which kept the price in for a few weeks.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
SHORT EU Short Trade from Yesterday (+88 pips)
Taken 80% of this position's profit by closing and leaving the other 20% floating. The Euro is in a tuff spot and I am neutral on the bias of the Euro, however I am bearish on the SPX and this would correlate dependently in more downward price action after we get the next lower high. Overall this could be a multi week swing by looking at the daily and weekly timeframe and analyzing the upside shadows for each while maintaining a solid range of around 240 pips.
EURCHF on a 4h support 🦐EURCHF after hitting the top level of the weekly resistance range around 1.08500 area retraced back till the 1.07500 zone.
Now price found support at that area and if the price will manage to break and close below the support structure we can set a nice short order according with Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Will it succeed this time?One of the longest ranges at the moment is at EURCHF. We have already had the opportunity to look for returns from both levels several times.
With each subsequent movement, however, the probability of a breakthrough increases! Now it seems much more likely to see a break up after the price has already come out once, but has returned sharply. We also have a higher bottom, which is the first sign of upward movement. To be confirmed, however, we must see a breakthrough in the range and the previous peak!
You can look for riskier entrances with a good ratio at the moment or wait for confirmation of a situation after a breakthrough.
In any case, this is one of the interesting opportunities that we will look for.
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EURCHF on the break of the range 🦐EURCHF gain a bullish momentum.
After the last attempt to break market got rejected to the 0.786 fib level before starting again the uptrending move.
On the weekly chart we can notice that there will be another resistance zone around 1.08500.
We will wait for the condition to trigger to set a nice long order acccording with our strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCHF - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish fake-out and price action towards previous highs.
4 HOUR
Very strong resistance area right now.
DAILY
Overall great short entries, price very high.
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FOREX SWING
SELL EURCHF
ENTRY LEVEL @ 1.08260
SL @ 1.08710
TP @ 1.07620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN