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.
Eur-chf
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
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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!
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1205). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.1310
TP2= @ 1.1365
TP3= @ 1.1485
SL= @ 1.1120
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1205). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.1310
TP2= @ 1.1365
TP3= @ 1.1485
SL= @ 1.1120
EURCHF at important support. 1.14 in sight?The EURCHF pair has reached once again an important support level which can be seen on the weekly chart. The support is formed by a confluence of the 61.8% Fib level and a strong horizontal support - the lower levels of the recent range.
Shorter-term charts shows a symmetrical triangle pattern which may soon break out to the upside. The pair may retest the upper range levels around 1.14xx if the mentioned support levels show to hold.
The RSI on the daily also shows a bullish divergence.
Short-term risks include today's ECB meeting with an expected dovish tone from Draghi, given the recent dovish stance from the Fed and the RBA.
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.12409. The system recommends entering this trade at any price between 1.12314 and 1.12504. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.07259, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00076, so the stop loss has been set at 1.12028. 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: 65752
Time Issued: Monday, 27 May 2019 04:00:15 GMT
Status: open
Entry: 1.12314 - 1.12504
Limit: N/A
Stop Loss: 1.12028
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.