Eurchfshort
EUR/CHF, accurate place for Short entryEuro is further weakening. We are waiting for confirmation here with our members in order to take a nice sell with a nice risk to reward and probabilities for a massive push to the downside.
EUR/CHF Technical Analysis
The counter made a steep after forming a head and shoulder pattern.
However, it found buyers at lower levels and pulled back only to be capped by neckline.
Further, the pullback has formed in a bearish bat structure.
Hence, we expect the pair to be bearish in the near-term.
EUR/CHF Ichimoku Short Trade SetupFor this setup I'm looking for a slight push higher to test kijun sen.
If we get a rejection I can start to look for sells.
All our other confirmations remain bearish right now so we will keep that bias until something changes.
I've drawn out some partial take profit levels to aim for on the way to the overall price structure levels you can see on the left side of the chart.
If we fail to get a push down off of kijun sen or if our bearish signs change, this setup may become invalidated.
EURCHF - SHORT OPPORTUNITY.Wait for a breakout below the 1.06950 level.
50 pips possible gain, 20 pips risk.
EURCHF IdeaFirst made and upwars movement, continued to a head and shoulders pattern which then brock neckline and formed a retest
EURO / SWISS FRANC (EURCHF) SHORTWeekly Levels just Tested Previous structure and saw a massive rejection down.On the H4 time frame we saw previous higher Low structure around 1.0861 - 1.0855 broken by Price.On 30 mins Time frame wait for a retest around previous broken level forming a Lower high to ride price down. FX:EURCHF
WEEKLY DIRECTION
H4 LEVELS
EURCHF meets supply in its bearish trendI have just opened this position on EURCHF . Been in a downtrend since May 2018. I would maybe expect this leg down to be the last before a potential reversal after meeting historic support. RSI bearish divergence, supply met on upper trendline , maybe a buy once the dash trend-line is broke is the safer option - lets see.
EURCHFTime = D
– Structure = Downtrend
– Pattern = Head & Shoulders
– Tendency = Downtrend
if the price breaks below 1.05684, it's responding to the H&S pattern, but the price might go up to have a full downside confirmation.
GOOD LUCK
-----------------------
DISCLAIMER: This is NOT an Investment Signal, Trade at your Own Risk.
SELL EUR/CHF
We are at the end of “Wave B“ as per Elliott Wave Principle, we are expecting the price to start to move downward with the " Wave C".
Stop Loss: 1.0825
Entry Point: 1.0779
Target Profit: 1.0675
Do not hesitate any question for clarification.
Good Luck!
Will the EURCHF start to weaken??Hello Traders,
The EURCHF may be ready to pull-back. I anticipate a dovish tone at the upcoming ECB Monetary Policy Statement that may be the catalyst to cause a pull-back in the Euro. It is also possible this may cause some traders to take profits on their recent gains.
From a technical viewpoint, the pair has hit a relatively strong resistance point on the 1W. The price just bounced off the 50-EMA on the 1W as well. On the 8H, Bearish Divergence is forming on the MACD Price Chart and RSI is in Overbought territory. On a short-term basis (1M), Hidden Bearish Divergence is forming on the MACD/Price Chart which may be a signal of an ongoing pull-back.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
Forecast: Short opportunity for EURCHF next week.Price for EURCHF has been trading in a range for some time. Now, price is at resistance and a high volatility two bar resistance has formed. This is very significant. I think it will push price downwards to the next support. Whatever happens after that support is left to the market. I expect few pips from this short trade. Somewhat like 50 pips.
EUR/CHF back inside of parallel channelGood morning traders,
after very slow Wednesday, we can see the price has started to move in Asia session and hopefully it will do the same in London an US sessions.
Let's take a look at EUR/CHF in 4H chart. We can see that there was aggressive move up that smashed resistance line that has been tested multiple times in past. However, it turns out it is just a fakeout and now price is back in the parallel channel looking to test support line in near future. RSI shows us the downside pressure is only starting and MACD shows the bear volume is getting higher. If you decide to go with this trade, put your Stop Loss right above resistance line and don't risk more than 1% of your capital in this trade. This idea is little bit riskier what we usually take.
Let us know if you agree or disagree with us with this idea in comment section. And do us a favor and hit that follow and like button and help us grow our community :)
Good luck !
EUR/CHF staring into the abyssOver the last 5 weeks EUR/CHF has hit 1.0507, 1.0508 and 1.0503 (current price as of weekend 16/5/2020).
It seems likely that this support line will eventually crumble and once it does there's little support for 200+ pips.
I poised with SELL STOP order placed at 1.0499 ready for what seems an inevitable break.
We may see another bounce before that but I expect it to be short-lived.
Get these SELL STOPS placed when the markets open.
Possible massive Bearish price movement for EUR/CHFLet's take a look at EUR/CHF 4H chart. We can see that price has broken key support of descending triangle and more down movement is possible. But let's keep in mind that also fakeout is possible and EUR/CHF is considered to be very calm pair and not often breakouts happens. We can enter trade with small position size risk no more than 0.5%.
SELL @ 1.05052
TP1 - 1.04552
TP2 - 1.04052
SL - 1.05552
