Eurchfshort
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.
EURCHF H1 SHORT PRICE ACTION FORECAST With the EUR under a bearish tone, this pair is currently showing a nice setup for a short entry. With the exponential moving average sloping and moving below the 200 MA for an evident downward pressure. we can expect a small pullback to the previous support level to enter the market with the following setup
The order:
Type: sell-limit
S/L: 10 pips - R:R | 1:2.5 -
T/P: support level
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EUR/CHF - Chart PatternAfter a long bull run from June we saw the start of a downtrend with shrinking volumes, now as we can see in the chart something more interesting is forming. It could be a wedge and we have some interesting characteristics like the volatility compression (ATR) and the volume shrinking (OBV). Let's wait the next days by watching if the volume expands with a breakout but this could be an interesting point to join the trend.
Remember to avoid generally to enter on the breakout for avoid wipsaw, is always a good idea to enter when there's a retest or a rally because is a less emotional entry so more secure.
In case of a downtrend continuation i can see the price going to the min objective at 1.052 which is a strong support zone already confirmed.
The strategy is the same, split the position into half and handle the risk using the 1.5 ATR calculation for the correct pip value.
Let me know what you think about it and have a nice trading!
*EURCHF* breakdown retest entryi would wait for either 3 bar reversal or at least an bearish engulfing before getting an entry,i didn't analyse too much but if there an bear engulfing or 3 bar reversal then it should be a continuation of the bear trend since there is already an lower close.the extension of tp is base off the swing distance to the support zone. LEt me know what yall think
We might see EUR/CHF going even lower.💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really apricate any likes and follows, that would help grow this channel.
EUR/CHF has been pushed lower after price failed to break through the descending channels resistance line. We have targeted this channels support line to see what will price do.
Let us know what you think about this idea.
Trade safe !
EURCHF H4 SHORT PRICE ACTION FORECAST Price action trading under a downtrend bias has just broken a support level, expecting the next candle to retest the previous support for a strong bearish continuation. MACD also shows a bearish momentum allows a short setup
The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:2 -
T/P: aiming towards next demand zone
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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.