Eurchfshort
EURCHF - SWING - 08. SEPT. 2020Welcome to our weekly trade setup ( EURCHF )!
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1 HOUR
Bullish fake-out and price action towards previous highs.
4 HOUR
Very strong resistance area right now.
DAILY
Overall great short entries, price very high.
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FOREX SWING
SELL EURCHF
ENTRY LEVEL @ 1.08260
SL @ 1.08710
TP @ 1.07620
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCHF Trade Plan: Sell After Breakout ConfirmationEURCHF decline in a five-wave impulse pattern and also trading below the daily resistance zone.
Price is retracing the impulsive decline and has the potential to retest the resistance level . Look for the breakout of the counter trend line and the green level for sell trade confirmation.
The breach of the red line will invalidate the bearish outlook.
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Veejahbee.
EUR/CHF - ready for another break to the downside?EUR/CHF has been interacting with the descending weekly trend zone for the past six weeks. We have seen no break to the upside from the descending weekly zone which may mean there is a lack in bullish momentum to break through. Since 2018, every ascending or ranging market that has then met the descending weekly trend zone has broken to the downside. We will continue to expect this precedent until we get a clear indication of a break to the upside.
Although last week was relatively bullish, as price did not close above 1.0845 we are still anticipating a bearish turn in the Euro and therefore a break to the downside, however we will be looking for further confirmation of bearish rejection before entering. Once we have a clear sign we will complete a second analysis on this currency pair.
EUR/CHF Technical Analysis
The strength of Swiss Franc bewilders us as it was able to contain the hottest currency like Euro.
Despite EUR/USD & EUR/JPY moving to great heights, it is still in bearish territory and the counter has absorbed intense buying pressure.
Technically, the formation resembles a round top and so a sell-off is on the cards when the Euro corrects against erstwhile currencies.
New Update On EUR/CHF +200 Pips New Update On EUR/CHF +200 Pips
New Entry Is Available
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURCHF - BEARISH BIASEUR - BEARISH
1️⃣ Investors turned to the greenback amid escalating tensions between the world's largest economies after President Donald Trump banned US transactions with two of the most popular Chinese apps, citing national security reasons.
CHF - BULLISH
1️⃣ Swiss consumer confidence index improved from a record low.
2️⃣ Diminishing hopes of a swift US economic recovery from the coronavirus pandemic forced investors to continue dumping the USD.
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Technical
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- We looking to short EURCHF on SBR level + SMA50 area.
- EURCHF in bearish zone.
EURCHF / SHORT IDEAOn this chart we see price has retested a bearish trendline on the weekly chart several times
I see divergence on the daily chart and the 4H which indicates that price could reverse of of this level again and head lower
We will wait for support to be broken and the trendline to be retested before entry
We will be selling to the second support level which is marked on the chart
EURCHF Sell Setup of Day Trade.EURCHF Sell Setup of Day Trade.
Sell Zone Range 1.07400-1.07500
Stop loss 40-Pips
Take Profit: 1.06900 & 1.06550
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.