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.
Eur-chf
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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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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EUR/CHF long Trade +Hello, Traders!
Monfex is at your service and today we overview EUR/CHF .
This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14 .
But it is more inclined to think that there will be a downward rebound from the resistance line, since a strong trend movement and a good trading tone is sell from the main resistance levels.
Active Trade Signal by EUR/CHF
Buy near 1.1020
Take profit ~ 1.1158
Stop loss at 0.986
Share your thoughts, ideas about the market under the chart.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Possible trend shift in EURCHF – going long BUY
1.09909 - 1.10165 Add to Watch List
Signal ID: 68800
Time Issued: Thursday, 17 October 2019 06:00:15 GMT
Status: open
Entry: 1.09909 - 1.10165
Limit: N/A
Stop Loss: 1.09526
The Tidal Shift Strategy has just bought EURCHF at 1.10037. The system recommends entering this trade at any price between 1.09909 and 1.10165. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.25057, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00102, so the stop loss has been set at 1.09526. This stop loss order is a trailing stop that will move up as the market moves up. 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.