EURCHF approaching resistance, potential drop!
EURCHF is approaching our first resistance at 1.1246 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1168 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Eur-chf
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1246 (horizontal pullback resistance, 100% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1168 (horizontal swing low support).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF long in correlation with my CHF futures analyses Stops got taken on the DailY where it then reacted from a 4h tiny untested 4h level.
as you can see it also took at shorter-term stops on the 4h/1h. This combined with this bullish MS and my bearish BIAS on CHF I think this is a nice little long idea.
Will look to compound this trade above that 4h (future?) breaker that ran out the daily lows.
Potential short in EURCHFPAIR IN FOCUS: EURCHF
POTENTIAL ACTION: SHORT
Observing the broader picture on the Daily and Weekly charting, price is moving in a descending triangle pattern.
There are 2 areas to look for shorts in this setup, first area is a short near @ 1.13100 area, and the second area @ 1.13400 area.
First area is in focus due to resistance from previous candle lows, and confluence in 2 separately drawn fibonacci retracements (confluence of 0.382 and 0.50).
Second area in focus due to the critical zone, and nearing the upper bound of the pattern formation.
Targets are indicated with a purple line, with price potentially hitting the lower bound of the pattern @ 1.11930 range (Ext. TP).
Always look for rejection and confirmation of either first focus area or the second before any entry.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182 (horizontal swing low support).
Ichimoku cloud is also showing signs of bearish pressure and RSI (21) is seeing a bearish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1260 (horizontal pullback resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.1182.
Ichimoku cloud is also showing signs of bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF POTENTIAL SHORT (LONG TERM VISION) EURCHF POTENTIAL SHORT
IF YOU TAKE A LOOK AT EURCHF YOU WILL SEE THAT ON THE LEFT HAND SIDE OF THE SCREEN YOU WILL SEE THE VERY DOMINANT SELLER PUSH TO THE DOWNSIDE BACK IN JANUARY OF 2015. SINCE THEN, THE BUYERS HAVE BEEN TRYING TO RECOVER THE PRICE OF THE EURO VS. THE CHF. IF YOU COMPARE HOW MANY BUYER ATTEMPTS IT HAS TAKEN TO TRY AND RECOVER THAT DROP IT TRULY SHOWS YOU HOW STRONG THAT SELLER REALLY WAS. IF YOU LOOK AT THE TOP OF THAT BUYER TREND THAT OCURED FOR 3/4 YEARS VERY RECENTLY IT HAD TOPPED OUT WITH OVER 100% RESTS FROM THE SELLERS WITH VERY STRONG MOMENTUM. THIS IS SHOWING ME THAT THE SELLER STILL HOLDS A VESTED INTEREST IN THIS PAIR AND THIS COULD LEAD TO A VERY GOOD PUSH TO THE DOWNSIDE FOR UPCOMING TIME. LETS TAKE A LOOK!
1W CHART:
*IF YOU TAKE A LOOK AT THIS CHART YOU CAN SEE HOW THAT ONE SELLER CANDLE TAKES UP THE WHOLE LEFT HAND SIDE OF DATA
*IT HAS TAKEN THE BUYERS HUNDREDS OF ATTEMPTS TO TRY AND RECOVER THAT GROUND FROM THE SELLER
*AT THE TOP OF THE BUYER TREND THERE WAS A 100% REST DONE BY THE SELLERS AND EVENTUALLY BREAKING STRUCTURE TO START CREATING LOWER HIGHS AND LOWS
8THIS IS A SIGN OF A SELLER TREND NOW AS WELL WHICH SHOWS THAT THE SELLER HAS A VESTED INTEREST IN SHORTING THE EUR VS THE CHF.
1D CHART:
* IF YOU TAKE A LOOK AT THIS CHART PRICE IS SITTING AT STRUCTURE LOWS FROM SEPTEMBER OF 2018
*WE WOULD WANT TO SEE A STRONG BREAK AND HOLD BENEATH THIS STRUCTURE POINT BEFORE LOOKING FOR POTENTIAL SHORT OPPORTUNITIES
4H CHART:
*THIS CHART COULD BE USED FOR MORE PRECISE ENTRIES, EVEN THOUGH STILKL BEING A HIGHER TIMEFRAME CHART, WE ARE LOOKING AT WEEKLY AND DAILY CHARTS WHICH REPRESENTS A LOT OF DATA SO THEREFORE THE 4H WOULD BE GOOD FOR ACCURACY FOR THIS SWING TRADE
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EURCHF Approaching Support, Prepare For A BounceEURCHF is approaching its support at 1.1267 (horizontal swing low support, 100% Fibonacci extension, 61.8% Fibonacci retracement) where it could potentially bounce to its resistance at 1.1312 (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback resistance).
Stochastic (34, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/CHF strong support at 1.1344, short break belowThe pair failed to gather upside momentum, has slipped back lower. We see Doji formation on the daily candle till now.
The pair finds major support at 1.1344 (converged 55-EMA and 38.2% Fib). Break below will see further weakness.
Scope then for test of lower BB at 1.1316. Next major support lies at 61.8% Fib at 1.1282.
Focus now on final reading of February Eurozone consumer price index (CPI). Miss on expectations could dent the euro.
Support levels - 1.1344 (converged 55-EMA and 38.2% Fib), 1.1316 (Lower BB), 1.1282 (61.8% Fib)
Resistance levels - 1.1352 (21-EMA), 1.1357 (110-EMA), 1.1360 (5-DMA)
Watch out for break below 1.1344 to go short, SL: 0.1360, TP: 1.1315/ 1.1285
Possible trend shift in EURCHF – going shortSignal ID: 64381
Time Issued: Wednesday, 20 March 2019 00:00:04 GMT
Status: open
Entry: 1.13346 - 1.1347
Limit: N/A
Stop Loss: 1.13656
The Tidal Shift Strategy has just sold EURCHF at 1.13408. The system recommends entering this trade at any price between 1.13346 and 1.1347. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.10191, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.0005, so the stop loss has been set at 1.13656. 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% 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.
EURCHF Approaching Support, Prepare For A BounceEURCHF is approaching its support at 1.1332 (76.4% Fibonacci retracement, horizontal overlap support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 1.1359 (50% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF Approaching Support, Prepare For A BounceEURCHF is approaching its support at 1.1346 (50% Fibonacci retracement, horizontal swing low support, 61.8% Fibonacci extension) where it could potentially bounce to its resistance at 1.1364(50% Fibonacci retracement,.61.8% Fibonacci extension).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
EURCHF - WEEKLY SWING - 11. MAR. 2019WELCOME TO DACAPITAL-TRADING!
EURCHF FOREX BREAKDOWN 11 MAR 2019
1 HOUR
Strong Pullback towards range resistance and our entry!
4 HOUR
Bearish market with several pullbacks to the upside!
DAILY
Bearish with good short entrys now!
LEVELS
SELL EURCHF
ENTRY @ 1.13510
SL @ 1.13740 (25 Pips)
TP @ 1.13160 (35 Pips)
RR: 1.50, use normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
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EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1369 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.1332 (61.8% Fibonacci retracement).
Stochastic (21,5,3) is also approaching resistance where we might see a drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13604. The system recommends entering this trade at any price between 1.13529 and 1.13679. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.58112. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00299, so the stop loss has been set at 1.13903. 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.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 64138
Time Issued: Thursday, 07 March 2019 00:00:16 GMT
Status: open
Entry: 1.13529 - 1.13679
Limit: N/A
Stop Loss: 1.13903
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% 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.
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1313 (horizontal swing low support, 50% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.1394 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF approaching support, potential bounce!EURCHF is approaching our first support at 1.1306 (horizontal swing low support, 100%, Fibonacci extension, 50% Fibonacci retracement) where a strong bounce might occur above this level to our major resistance at 1.1339 (horizontal swing high resistance, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching our support where we might see a bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.