Eurchfforecast
EURCHF forming a bearish crab reversal, keep an eye on this idea
EURCHF is forming a really nice bearish crab formation with first major resistance at 1.1818 (Fibonacci extension, bearish crab harmonic formation, bearish price action) and a strong reaction could occur at this level to drive price down towards 1.1783 support (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCHF, D, Mutliple Rejections, Bollinger Spikes - Reversal!Hi traders,
I love this chart! Bulls are losing control, multiple rejections to the top and there are so many Bollinger Band spikes which is one of my favorite criteria to enter. My first position has been added already and is at break-even now while I am looking to add a new position after the break of the support area. The support area is not the cleanest, however, I see a lot of potential downside. The uptrend was beautiful, not it is the time for a downtrend.
(This is not a trade recommendation. Please trade with care!)
EURCHF Short at 1.152Our preference: short position below 1.1580 with targets at 1.1520 & 1.1505 in extension.
Alternative scenario: in excess of 1.1580, aim for a continuation of the rise with 1.1600 & 1.1625 in the line of fire.
Commentary: as long as 1.1580 is not exceeded the risk of a sink of 1.1520 is important.
EurChf - BUY OpportunityLooking to go Long after trade signal confirmation. LIKE and FOLLOW to receive instant notifications each time I post my trade setups.
Sell EURCHF Breakout Long Term Based on H4, D + W TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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EURCHF - Long SetupBullish trend
Broke trend line, and still consolidating
I would prefer to enter from 1.14
Trade with care
Good luck!
What say you, Swiss Franc? (1)From the previous two trading session, the Swiss Franc 0.39% descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss.
When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc 0.39% is a 'controlled currency.'
Several Swiss Franc pairs have reached several resistance/support; after two days of intense decline on the currency, I'm expecting some pullback where it may give a better entry position to be able to enjoy the ride!
EURCHFOur preference: sales position below 1.1045 with targets at 1,1015 & 1,0990 in extension.
Alternative scenario: in excess of 1,1045, aim for a continuation of the rise with 1,1060 & 1,1075 in line of sight.
Comment: the slip under the 1,1045 constitutes a negative signal which opened the way to 1,1015.
Long EURCHF Longterm based on 4H - 1M ChartsWe can see the EURCHF is nearing a major support level and if we look at the 1W + 1M charts, we can see sellers are slowly diminishing and momentum is changing in favour of buyers, however we may see this manage a leg lower before price can move up. A conservative entry would be to wait for a break of the downtrend line, whilst staying above the uptrend line and closing above it.
I have set a wide stop on this, however, my personal approach will be more aggressive with a tighter stop loss and my first target will the resistance level marked out.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
