EURCHF 12/21/19 Daily AnalysisEURCHF Short Idea
Higher time-frame analysis shows that price action has been very bearish and seems to be continuing the bearish trend on the daily
Here we have seen a confirmed rejection of the 38.2% fib level and now lower highs are forming consistently.
We are now looking to enter short on this pair as it has dropped out of the pattern and looks to be heading south
Ideally a retracement to broken structure and a key lower time frame fib level would make for a great short opportunity
Eur-chf
EURCHF Daily 12/15/19EURCHF Short Idea
This pair is still very bearish on higher time-frames. Price action rejected the daily 38.2% fib level and has been forming lower highs.
Last week we saw a surge in volume from the bulls after news followed by quick rejection leaving a giant daily wick, this clearly shows huge bearish volume is present
Ideally we would like to see a break and retest of this pattern and the lower trendline before we can target lower
Upon a break and retest we will look to target toward the 0% daily fib level which is around 100-110 pips lower
If price action continues to push down we are looking to target our major weekly support level around 1.06750 which is about 240-250 pips lower
EURCHF 4hour 12/8/18EURCHF Short idea
Higher timeframe analysis shows strong bearish movement in this pair as well as good structure formation as price action has rejected the daily 38.2% fib level
Taking a closer look on the 4 hour timeframe we have seen higher lowers being broken and lower highs forming which suggests more bearish volume is coming
Based on 4hour fibs we’re looking for price action to keep pushing lower from the current level and/or retest the 4hour 38.2% fib level around 1.09640
From this area we’re looking for bearish setups to then target toward the -27.2% fib level around 1.09000 and potentially even lower toward our next major support levels
EURCHF DAILY 11/30/19EURCHF LONG IDEA
Higher time-frame analysis shows the EURCHF has been majorly bearish but is quite over extended.
On the daily timeframe we have seen a bit of a bullish trend and we expect price action to reach the daily 38.2% fib level at least
If the 38.2% is broken we’re going to continue with this daily trend and target the monthly resistance, broken structure & 50% fib level around 1.11500 which is about 120+ pips from current price action
If we see significant rejection from the 38.2% fib level with strong bearish setups we could see price action push toward the bottom of the current range around 1.08500
EURCHF 4hour Analysis 11/24/19EURCHF Short Idea
Although higher time-frames show us this pair has been in a strong bearish trend we have been trapped in a giant range between 1.10500- 1.08400 area and have not moved outside of these areas in a long time.
However, current price action looks to be establishing a lower high and could find it’s way back down to the 1.08400 area
My reason for this is because on the daily timeframe we have multiple candles showing us exhaustion and on this 4 hour time-frame we can see an ascending wedge forming at the top of a bullish push. This often suggests a bearish push is imminent but we will watch and see what happens at market open.
Ideally to enter on this setup we would like to see a strong bearish engulfing candle push down and out of this pattern and through the three moving averages. Then a quick retest of the moving averages would be decent confirmation to enter and target lower.
EURCHF - FOREX - 18. NOVE. 2019Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish market and price action.
4 HOUR
Small bullish pullback in a bearish market.
DAILY
Overall bearish market with a pullback, enter short and keep holding!
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FOREX SETUP
SELL EURCHF
1ST ENTRY @ 1.09480
2ND ENTRY @ 1.09710
SL @ 1.10120
TP @ 1.08790
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCHF 4HOUR 11/17/19EURCHF SHORT IDEA
Overall EURCHF has been bearish on higher time-frames so we will continue to look for short opportunities at current price action
Current price action is near the 61.8% fib level but we will look for the 78.6% to be tested as major confluence is in this area: weekly resistance & prior broken structure
Upon significant bearish confirmation we will look to target toward the -27% daily fib and monthly support around 1.0850-1.08350
EURCHF: Testing Year's Low
hey traders,
on a daily chart, EURCHF is under strong bearish pressure.
Most likely, quite soon we will see one more test of this year's low.
Chances are high that buying volumes will accumulate with the underlined demand zone
and we will see a pullback.
target levels will be:
1.090
1.095
*do not trade aggressively, wait for a confirmation on a 4H/1H chart before taking any action!
EURCHF: Sell opportunity on symmetrical approach.The pair has been on a rise since the September bottom but 1D has turned neutral again (RSI = 45.114, MACD = 0.000) as the price pulled back on the 1W Resistance. So far it has found support on the 1D MA50 but this is far from comforting as we had the very same candle sequence in September - October 2018, when the price followed with a strong bearish reversal towards the previous low.
The RSI sequences are also similar so we are expecting an identical pattern, targeting 1.08150.
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