EURCHF - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish price action this week.
4 HOUR
Turned from previous lows, expecting more upside.
DAILY
Jumping on bullish train, good long entries!
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06470
SL @ 1.06170
TP @ 1.06890
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
Possible trend shift in EURCHF – going short SELL
1.06163 - 1.06342 Add to Watch List
Signal ID: 72376
Time Issued: Friday, 03 July 2020 00:00:15 GMT
Status: open
Entry: 1.06163 - 1.06342
Limit: N/A
Stop Loss: 1.06611
The Tidal Shift Strategy has just sold EURCHF at 1.06253. The system recommends entering this trade at any price between 1.06163 and 1.06342. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 4.81626, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00072, so the stop loss has been set at 1.06611. 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.
EURCHF Short - FlashcardEURCHF Short
Direction: - PFH (Peak Formation High) established 3 days ago which started a Bearish Cycle.
- Bearish Momentum is seen on the H4 as lower lows and lower highs are being formed.
Entry: - Price point was held for multiple hours over two days, and no candle closed above this point. Multiple candles pinned this point, indicating the high was going to be kept and it was going to be the high of the day. Price action showed this high was not going to get broken.
- 200 EMA acted as a resistance point for the high, giving me more confidence it was not going to break that point. Candles pinned that high and the 200 EMA.
- M (Double Top) Pattern formed on the H1, which indicated a probable strong drop in the pair on the Bearish Cycle.
- Shark-fin (RSI crossed back into the volatility bands) was seen on the H1 on the first leg of the M (Double Top) Pattern. Confirmation that price will most likely start to drop soon.
- I entered on the M15 to get a precise entry once I saw the RSI cross the Signal Line on the H1. This was my entry.
Exit: - 11 pip SL @ just above the high (just in case they pin it again).
- 29 pip TP @ the point where RSI crosses back above the Signal Line. This was my exit.
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.0626). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 1.0705
TP2= @ 1.0727
TP3= @ 1.0768
TP4= @ 1.0816
TP5= @ 1.0915
SL= Break below S3
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4hs compression on EURCHF by ThinkingAntsOkMain Items we can see on the chart:
a) We have seen a reversal movement from a major support zone at 1.05
b) The main question is if this movement is a corrective structure of the bearish trend or a new bullish movement
c) After the Breakout of the first descending trendline, we are observing a 4HS compression
d) If the Compression is broken, we expect a bullish movement towards 1.085
e) If you are interested in trading this movement, we would do it after the breakout and looking for small structures (ABC Patterns) on a lower timeframe like 30min or 15min
EURCHF: Trading Plan for Today
EURCHF is trading within a bearish flag pattern.
I am waiting for 1H violation of support of the descending triangle formation to confirm the breakout of the flag.
In case of the confirmed violation, the price will most likely drop.
target levels will be:
1.0665
1.065
if the price respects support and closes above current local high, setup will be invalid.
EURCHF - SWING - 23. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Strong break and retest of our main sr level.
4 HOUR
Good pa and pressure, expecting further movement to the upside.
DAILY
Overall slowly dropping market about to change direction..
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.06870
SL @ 1.06430
TP @ 1.07530
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
EURCHF Price is just now retesting our MOB zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURCHF Price has bounced in our bullish zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURCHF - SWING - 16. JUNE. 2020Welcome to our weekly trade setup ( EURCHF )!
-
1 HOUR
Turning bullish right now, good entries!
4 HOUR
Following pa and pressure above main sr level.
DAILY
Overall bullish market, great entries and risk reward now.
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FOREX SWING
BUY EURCHF
ENTRY LEVEL @ 1.07440
SL @ 1.06620
TP @ 1.08620
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
EURCHF WEEKLY OUTLOOK JUNE 15-19EURCHF is looking to fulfill an inverted head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1 of 3 things. A 4HR bullish closure above 1.07298. Whether that be a bullish engulfing candlestick, bullish inside bar pattern, or a bullish pin bar candlestick. This should take this pair to 1.07990, which would equate to about 70 or so pips. Patience is key.