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Eurchfshort

A glance into CHF crosses (The ultimate safe heaven)Hi traders, in this post let's take a look into the CHF crosses which not only I think presents good trading opportunities, but also will give us a " feeling" about the risk in the markets at this moment. EurChf: As you can see in the main chart (weekly) EurChf is in a clear downtrend since the beginning of the 2007-2008 financial crisis and in the past 7 years, the pair has formed a pattern that resembles an H&S. More importantly though is that the pair is trading at this moment exactly in a strong support above 1 very important figure(We don't care about 3% difference looking at a longer TF) Going to daily Here we can see that since March's top above 1.1, the pair has started to drop, and since September, this drop is accelerating, but more importantly, in the past 2 months, EurChf has broken under 3 important daily support levels. The month of December is marked by consolidation with the pair trading in a tight range. However, last week can give us a clue, with the strong selling and reversal before the 1.05 figure. In conclusion, I expect EurChf to continue its descent at the beginning of 2022 and to reach at least parity figure. GbpChf: Similar to EurChf, here also we have a multi-year downtrend, and going to the daily chart, we can see that the pair is accelerating down since late October also here. December, in GbpChf's case, is marked by a flag, which can lead to continuation, and, very important in my opinion, the BoE rate rise did nothing but a spike up, strongly reversed, leaving a Pin Bar on our chart. 1..2150-1.22 is the support zone, and a break here could accelerate losses to the next important support under 1.17. Such a trade would have a 1:3 risk: reward ratio and, in my opinion, GbpChf needs to be on our watch list in the next weeks. AudChf: We can see something similar in AudChf, a pair very sensitive to risk... The pair is accelerating its loss in late October and we have a break under very important 0.67 support, with this break confirmed as genuine last week. The next support for this pair is 0.64 zone, but once this is cleared, AudChf can spiral down to at least 0.6
Short
by Mihai_Iacob
13
EURCHF Bullish Indicators: 1) Support zone 1.06807 2) Hammer candlestick on daily Bearish Indicators: 1) Resistance zone 1.08602 Fib level 38.20% 2) Upward descending trendline 3) Downward trend Plan A: After forming hammer on daily its looks like the pair will move upward from here and can test the upward trendline and the resistance zone of 1.08602. Plan B: On the downside if the the pair broke the support zone of 1.06807 the pair can move further downside towards support zone of 1.06000.
by JustTradeSignals
Eurchf Sells 1.07700eurchf: currently waiting for price to come up to my "line" here at the 1.07700 region and candle wick here before looking for sell opportunities. This does not mean to sell right away when price reaches here. Failure for price to reach here then i would wait for further price action 👁 2 simple lines for this analysis and trade setup for me personally and setup spotted and noted within 3 minutes. Reduce the confusion, complexity and know exactly* what and where you are looking for in the markets for entries. Thus, if price is not* valid at your region/zone...then it should be a trade avoided and not a trade taken...
Short
by benson_fx