Get started

Eurchflong

EURCHF: The price is very CLOSE to its WEEKLY DYNAMIC TRENDLINEHi 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 : In the weekly time frame, since May 2020, the price has been following a clear uptrend creating an ascending triangle pattern. During the last weekly session, the price reached its dynamic support trendline and its now moving up. In the daily time frame, in November 2020, the price got a strong impulse once it reached its dynamic trendline, moving up until the resistance zone at about 1.08500. It got many rejections around that zone, bouncing back on the support zone at about 1.07370. It has currently moving up! In the h4 time frame, at the beginning of January 2021, the price started a strong descending channel, bouncing on the main support level at about 1.7400. It's currently consolidating and the next price action will be essential to understand the next market movement. 🔴 Conclusion : If I take in consideration that in the weekly and daily time frame the price is moving with a clear uptrend, I'm really confident to see the price pushing up until the main S/R Zone. Don't forget that it is very close to its weekly trendline and I'll be waiting for it to re-test that trendline before planning my long position on this trade. 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
10
EURCHF (H4): LONG Idea breaking the ASCENDING TRIANGLEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since the beginning of November, the price has been following a nice ascending triangle pattern, as we can see in the chart the price bounced many times on the main trendline and got a rejection everytime it reached an important resistance zone at about 1.08694. The price is actually very close to the dynamic trendline's support and the next price action around this level will be interesting to understand if the price will bounce or break the support. CONCLUSION: The ascending triangle pattern is usually but not always a continuation chart pattern. I believe the price will bounce on the support and will continue until the breakout of the weekly resistance zone, in a daily perspective we still have a clear uptrend and this is an extra confirmation about the next movement. Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
4
EURCHF - SWING - 07. JANU. 2021Welcome to our weekly trade setup ( EURCHF )! - 1 HOUR Bullish pressure and closure above main sr level. 4 HOUR Overall sideways moving market structure. DAILY Expecting another push towards previous highs. - FOREX SWING BUY EURCHF ENTRY LEVEL @ 1.08340 SL @ 1.08030 TP @ 1.08810 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
34
EURCHF, 4hr tf, buy bullish flag breakout at EMA-200Hello my friends, Today i found a nice setup on EURCHF pairs. As you can see there is a possibility the recent downward movement looks like a bullish flag. The downward movement also stop at 61.8 fibonacci retracement so i think we will see upwards movement again soon. Our target will be the recent top of EURCHF at 1.0885 This is simple analysis and don't need to overcomplicated it. Buy EURCHF 1.0807 Stop loss 1.0785 Take profit 1.0885 (3.5R) RR Ratio 1 : 3.5 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
EURCHF - A or B??What is the outcome for EURCHF?? Although we like to view 2 solid options for this pair, obviously, as traders we know that anything can happen. Option A: Will the current price drop and retest the support level of 1.08157 before bouncing off towards in the ceiling in a bullish manner? Will wee see the price reach the 1.09186 level? OR Option B: Will the price drop through the floor towards a previous floor level of 1.07427? Currently, we are running two indicators for this currency pair: Our stochastic indicator has reached the lower percentiles of its range, meaning that the price may have became oversold. If we see the red ands blue lines cross, it may indicate a shift in the opposite direction. As well as this, our relative strength index is pointing upwards which also points to a rise in price. Of course as traders we must understand that anything can happen within the forex markets! (Always be prepared for option C!) In this case, Option C metaphorically conveys how ANYTHING CAN HAPPEN! As traders our job is to wait and make correct guesses with validated risk analysis. Happy Trading! Be sure to like this post if you agree with the info above and to give my profile a follow. Roundhouse.
Long
by RoundhouseForex
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.08488. The system recommends entering this trade at any price between 1.08399 and 1.08577. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 3.18279, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00071, so the stop loss has been set at 1.08131. 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: 74482 Time Issued: Tuesday, 29 December 2020 08:00:15 GMT Status: open Entry: 1.08399 - 1.08577 Limit: N/A Stop Loss: 1.08131 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
EURCHF is approaching support, potential for a bounce!Price is approaching our first support at 1.08399 in line with our horizontal overlap support, -27.2% Fibonacci retracement and 127.2% Fibonacci extension where we could see a bounce above this level. The Stochastic indicator is also holding above the ascending trendline, showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
2