Eur-chf
EUR/CHF IDEA as we can see here on the EUR/CHF chart that the market has been trending with a downward trend for a while now. with regular retracements and patterns to then have moves creating lower highs an lower lows. the current market state we can see that the market has had a retracement at a previously broken support area and has now used it as a resistance area. with also creating a strong double top on the 0.382 fib level, showing a strong market rejection to hopefully see the momentum of the market to move lower. due to these market conditions, we are looking for the market to reach new and lower important levels where we can see how the market will react, and if we can follow the trend to lower areas.
Possible trend shift in EURCHF – going long
The Tidal Shift Strategy has just bought EURCHF at 1.09146. The system recommends entering this trade at any price between 1.08995 and 1.09297. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.24374, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00121, so the stop loss has been set at 1.08542. 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.
Signal ID: 67336
Time Issued: Tuesday, 06 August 2019 05:00:16 GMT
Status: open
Entry: 1.08995 - 1.09297
Limit: N/A
Stop Loss: 1.08542
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Possible trend shift in EURCHF – going short SELL
1.1031 - 1.10552 Add to Watch List
Signal ID: 67130
Time Issued: Friday, 26 July 2019 09:00:17 GMT
Status: open
Entry: 1.1031 - 1.10552
Limit: N/A
Stop Loss: 1.10916
The Tidal Shift Strategy has just sold EURCHF at 1.10431. The system recommends entering this trade at any price between 1.1031 and 1.10552. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 5.98649, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00097, so the stop loss has been set at 1.10916. 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.
Possible trend shift in EURCHF – going short SELL
1.1031 - 1.10552 Add to Watch List
Signal ID: 67130
Time Issued: Friday, 26 July 2019 09:00:17 GMT
Status: open
Entry: 1.1031 - 1.10552
Limit: N/A
Stop Loss: 1.10916
The Tidal Shift Strategy has just sold EURCHF at 1.10431. The system recommends entering this trade at any price between 1.1031 and 1.10552. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 5.98649, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00097, so the stop loss has been set at 1.10916. 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.
Short Idea for EURCHFCURRENCY PAIR IN FOCUS: EURCHF
POSSIBLE ACTION: SHORT
Price has broken a lower low on Weekly, Daily, H1 and H4 charting. Pulling out a fibonacci retracement on the full wave, price has broken down the 38.2 retracement level and looks to head towards the 50 retracement level (which is TP 1).
Should TP 1 be broken we can look for price to cover up the gap at TP 2.
With expectations of QE building up, EUR seems to be under pressure which would help with bringing this pair down. Observe price action before entry or adding positions.
Possible trend shift in EURCHF – going short
The Tidal Shift Strategy has just sold EURCHF at 1.10649. The system recommends entering this trade at any price between 1.10546 and 1.10752. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 3.27864, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00083, so the stop loss has been set at 1.11063. 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.
Signal ID: 67009
Time Issued: Thursday, 18 July 2019 21:00:15 GMT
Status: open
Entry: 1.10546 - 1.10752
Limit: N/A
Stop Loss: 1.11063
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Trade Idea on "EURCHF" / Short Setup / by Thinking Ants Main items we can see on the 4hs Chart:
1)Price is on a Flag pattern formation that found support on a major Daily Zone
2)Flag Patterns are considered continuation structures
3)Currently, the main form is a descending channel in which the Flag pattern is on it.
Based on that if The price breaks out from the Flag pattern, we expect a continuation of the bearish movement towards the lower trendline of the descending channel
Daily Vision:
On the Daily Chart, we can see how the Flag pattern is making a pullback over the major corrective structure in between the 2 Impulsive waves AB and CD(On current formation) that give us strong support for the Trade Idea.
Head & Shoulders, Ascending Support: Sell The Retest After BreakHere we have an opportunity to sell the EURCHF after the neckline or ascending support is broken. Initial target is based on daily support levels looking left, and secondary target is based on the price range of the head projected from the neckline. This area also finds confluence with support looking left.
Goodluck!