EURCHF - SAFE HAVEN TO HEAVENSEURCHF Sees a potential drop towards 1.041000 as new support.
If this support of 1.041000 BREAKS, 1.027200 is the last support before heading south in a free fall seen on the weekly timeframe.
Weekly Setup
Eurchfshort
FOREX EUR/CHF back to 2015 soon !!!Hello Traders,
I hope you have a good week-end even if we're in a quarantine.
So, today i propose my view about the EUR/CHF.
Do you remember January 2015
and the crash of the EUR/CHF ?
Yes of course !
Guess what !?
We'll be back soon in 2015 !
EUR/CHF has been in a powerful Downtrend since October 2007.
But EUR/CHF has difficulties to break the 1.05000 price level.
Indeed, the battle is between the
area of 1.05000 & 1.10000.
Have a look at the past & you'll understand what happened at these levels and why this area is so important.
I won't speak about macro economic news or covid-19 crisis because to be honest with you actually the MARKET is irrational & doesn't care about these stuff.
And also because we don't need macro economic news or whatever things to see & understand what's happening on our chart !
Simple things are the best things for investing or trading !
So, Back on topic !
I really believe with what i'm watching on my chart now that before the end of this summer the EUR/CHF could reach the 1.0000 price level !
In fact, Price just stay on the VWAP (decade anchor period) so it means
that it's difficult to enter in a position now but don't forget that the main trend is bearish.
I'm waiting for a powerful break under the VWAP to confirm my chart analysis but i'm really optimistic about that no doubt !
Don't worry even if the market looks like nothing !
The best soups are made in old pots haha !
Ok, So it's all for this chart analysis.
I really hope you'll like it !
Please, don't forget to support me by a following & a like !
Thanks & see you !
EURCHF short trade ideaPlan : wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CHF TRADE SHORTHI
EUR/CHF broke the support line. And as far as the arrow shows, it will fall.
HAVE A GOOD DAY.
EURCHF SHORTFailure to create a new higher high, failed to close above the previous two resistance areas and descending trendline.
Entry likely around the 0.618 FIB area if it rejects
EURCHF Trading In Channel PatternEURCHF is trading in channel pattern, we might see some downside in EURCHF from the current price level and the target will be a support line for Channel pattern. On can trade on the short side with strict stop loss.
If You Like The Idea, Do Follow/Comment/Like For More Updates
Note - Trade With Proper Risk Management System.
Thanks.
EURCHF Trade For Short SIdeEURCHF is trading in channel pattern. Also, it is forming a descending triangle pattern within the channel pattern as the descending channel pattern suggests a downtrend may be continued. Our first target on the downside for eurchf, if it breaks on down-side it will be a channel pattern support line.
Like/Comment/Follow For More Idea
Note - Trade With Proper Risk Management System Only
Thanks
EURCHF into the Abyss?Price touches R3 indicating reversal/downtrend. Break below trend - confirmation.
Where is the support though?
EURCHF - Short signal h1 [swing trade]* 50% for all predicting.
- Risk: 0.5%.
- R/R: 1:1.
- Data backtest: maximum from Tradingview.
- Good luck.
EURCHF Trading in downside Channel Pattern.EURCHF seems to be unpredictable as I recommend to trade very cautiously. It is trading in a channel pattern, also now it is trading in the upper part of the channel. If it breaks out from the channel, we might see long term trends on the breakout side.
Like/Comment/Follow For More Idea
Note - Trade With Proper Risk Management System Only
Thanks
EURCHF - Short signal h1 [swing]* 50% for all predicting.
- Risk: 0.5%.
- R/R: 1:1.
- Data backtest: maximum from Tradingview.
- Good luck.
EURCHF - Sell signal H1 [swing]* 50% for all predicting.
- Risk: 0.5%.
- R/R: 1:1.
- Data backtest: maximum from Tradingview.
- Good luck.
EURCHF SHORTLooking for pullback to trendline and 50ema, which lines up nicely with the 'golden pocket' area of the fibonacci.
If this plays out, will be entering a short for this.
EURCHF Trading Plan SELL - Riks Reward 1:3EURCHF Trading Plan SELL - Riks Reward 1:3
H4 Trend Bearish
