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Eurchfsetup

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 | Perspective for the new weekOur last publication (see link below for reference purposes) witnessed price moving 60pips in our direction to complete a Double Top pattern before the rapid decline. Last publication on this pair I emphasized how the price was caught within a range above major Demand zone (Fr1.07800); Now that price broke down our Key level @ Fr1.07900 last week; I shall be anticipating a further decline in the following weeks. Tendency: Downtrend ( Bearish ) Structure: Reversal pattern | Breakdown | Supply & Demand | Double Top Observation: i. Price breaking down Key Level @ Fr1.07900 during the course of last week trading session emphasizes the Bearish tendencies in the market. ii. I am anticipating the completion of the corrective phase for a signal to open a position. iii. Fr1.07910 and Fr1.08200 remains a zone to look out for selling possibilities in the new week. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:4 Potential Duration: 3 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2
EURCHF | Perspective for the new weekSince my last publication on this pair (see link below for reference purposes), we have seen price move 70pips up before correction. Price has been caught within a range above major Demand zone (Fr1.07800) since the beginning of the month giving the impression that Buyers are strong here! We all saw EUR/CHF surge higher on Tuesday & Wednesday - breaking out of its tight recent consolidation range @ Fr1.08400 which tells me one thing... Buy! But when? Tendency: Uptrend (Bullish ) Structure: Bullish Rectangle | Supply & Demand Observation: i. Breakout on the 24th of Nov. 2020 is a buy signal cast in stone as Sellers continue to find it difficult to push the price below Fr1.07700. ii. For me, Fr1.08100 appears to be a temporary Demand level to continue the rally. iii. This been said; patience is pertinent as a second Breakout off Fr1.08400 shall be an emphatic reason to hop in for the ride. iv. For me, Fr0.90800 level shall be my yardstick (new Resistance level) for selling opportunities in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward: 1:6 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price is at monthly support level with last month closing in a Doji. W > Price is in consolidation at this level since July 2020. D > Consolidation of over 100 pips is ideal for intraday trading with two support trend lines. As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H > For past 4 weeks price has not been able to reach resistance level and we can see LH with support respected. Enter only for intraday at this moment. Pair Correlation > EURCHF has positive correlation with AUDCHF and negative correlation with USDCAD on weekly chart. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
1