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Eurchflong

EURCHF facing bullish pressurePrices are currently taking support from 1st support which coincides with 50% Fibonacci retracement and Fibonacci extension level. Prices might bounce to reach 1st resistance which coincides with the 50% Fibonacci extension level. If prices fall through the ascending trendline support, stop loss would be at the 2nd support which is in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension. MACD is also showing bullish signs for prices.
Long
by FXCM
8
EUR/CHF Multi-Timeframe analysis (Update)Hi Traders EUR/CHF Multi-Timeframe analysis (Update) H1 CHART ( NEUTRAL ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.10049 1.10554 1.09528 1.10964 1.08625 1.11867 H4 CHART ( BULLISH ) A high probability, entry signal to go LONG was given at 1.10175 after the market found support at 1.10004 . Only the downward break of 1.10004 would cancel the bullish scenario. Support & Resistances 1.10010 1.10964 1.08189 1.11527 1.07849 1.12481 DAILY CHART ( BULLISH ) Target 1 at 1.109813 has been reached. We closed the 50% of our position and now we are waiting for target 2. Support & Resistances 1.08909 1.10381 1.08586 1.10964 1.08449 1.11359 WEEKLY CHART ( BULLISH ) Target 1 at 1.09813 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.08380 . Provided the market conditions will remain the same Target 2 will be reached soon. Support & Resistances 1.07377 1.08341 1.06588 1.08909 1.05982 1.09140
Long
by Avramis
2
EUR/CHF Potential Upward Movement 🚀🚀🚀Technical Analysis : On the 1-hr time frame the price is bouncing within an ascending channel formation. Our expectation is a lower swing toward the bottom of this pattern. In addition, we have a confluence zone between the daily support and the support trendline at the 1.1057 mark which might cause a move upward to the 1.1119 level, ------------------------------------------------------------------------------------- Trade Idea: Buy Order @ 1.1057 Take Profit 1 @ 1.1119 Take Profit 2 @ 1.1164 Stop Loss @ 1.1026 Trade Safely 🙂
Long
by Forex-Robot-Nation
EUR/CHF Wait For RetraceThis has continued to rise massively, I was expecting a retrace to come around the resistance level but it just continued straight through it like it was not there. This gives an opportunity though when this retraces it should go back to the resistance level and that will now act as support, I am looking for it to go anywhere between 0.382 and 0.5 Fibonacci for an entry. Although we still need to see signs that it will rebound from this support before entering the trade. RSI is at a massive 92.30 so retrace will surely come soon. Once this does retrace target will be at the resistance level of 1.10568
by olly48
EUR/CHF Multi-Timeframe analysisHi Traders EUR/CHF Multi-Timeframe analysis H1 CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track Support & Resistances 1.08747 1.08920 1.08521 1.09146 1.08286 1.09381 H4 CHART ( BULLISH ) Waiting for a retracement lower towards the 1.08449 support level, in order to reinstate LONG positions. Next important support is the 1.08189 level. Support & Resistances 1.08449 1.08707 1.08189 1.09239 1.07849 1.09770 DAILY CHART ( BULLISH ) Target 1 at 1.08803 has been reached. We closed 50% of our position and have moved the stop loss at the lock-in-profits level at 1.08473 . Provided the market conditions will remain the same Target 2 will be reached soon. Support & Resistances 1.07970 1.08449 1.07849 1.08706 1.07331 1.08909 WEEKLY CHART ( BULLISH ) A medium probability, entry signal to go LONG was given at 1.08380 after the market found support at 1.07338 . Only the downward break of 1.07338 would cancel the bullish scenario and take us SHORT. Support & Resistances 1.07377 1.08341 1.06588 1.08909 1.05982 1.09140
Long
by Avramis
EUR/CHF Retrace From Resistance Before BreakoutPrevious trade on this went brilliantly, I had marked out the support level on this previously and then it finally shot upwards just after my last post on the pair. It is now at the resistance level and I would fully expect this to retrace from here back to at least 0.382 Fibonacci before attempting to break through resistance again. I do not feel there is a trade to be taken at the moment as it would be very risky, so the best option is to wait for a breakout above the resistance and then long after it retraces to test this level as support. You could long after it retraces to at least 0.382 Fib but as I say that would be a risk without it having broken resistance yet. If and when it does break this resistance a target of 1.10594 can be set
by olly48
EUR/CHF Rise to ResistancePosted on this a week ago, price has just been ranging over quite a tight area since then but it has held support and stayed above the SL which looks promising for the long trade. MACD is still just below 0 but I think a long can be entered now, you can wait if you want more confirmation. EMA's are very close to crossing for long as well. Setting target at previous high of 1.08679. I expect this to continue to rise beyond this resistance but we need to see the breakout and can then re-enter longs after it sees support above the current resistance level. SL can be set below support and the lower trendline.
Long
by olly48
EURCHF - SWING - 15. FEBR. 2021Welcome to our weekly trade setup ( EURCHF )! - 1 HOUR Very bullish market structure.. 4 HOUR Closure and pressure above main sr level. DAILY Expecting another push to previous highs. - FOREX SWING BUY EURCHF ENTRY LEVEL @ 1.08080 SL @ 1.07870 TP @ 1.08390 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
45
EURCHF: The price STARTED a new ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CHF ⚪ Technical Analysis : Since the end of December 2020, the price has been following a strong descending channel, breaking it on the 1st of February 2021. The price re-tested few times the S/R zone at about 1.08000 before moving up, creating a higher high, then it quickly collapsed down until the same previous level. Since the 28th of January 2021, I can see the price creating a new ascending channel and it is currently moving on its dynamic support line. 🔴 Conclusion : That could be the beginning of a new trend if the price will properly pullback on the current level. Considering that the price is also oversold in this specific level, I'm confident to see an interesting new bullish impulse until the next resistance zone at about 1.08660. I'll be waiting for the next h4 candlestick before planning my long trade on this position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
38