Eurchfshort
EURCHF approaching support, potential for a bounce!
EURCHF is expected to drop to 1st support at 1.08717 where it could potentially react off and up to 1st resistance at 1.08881.
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More Swiss Power!? - EUR/CHF Second Swing EntryThis pair has been treating us very nicely on our swing trade from a couple weeks ago. I am looking to add to it on another break of price structure support. If we can break and close below the new entry level I've drawn out in yellow, then I'll enter my sell and aim for the same major price structure low we've been looking for from our first swing trade. In the scenario that we get a move up first instead, we can look for a kijun sen rejection as an alternative entry. If either of those scenarios fail to play out, this setup may become invalidated.
EURCHF - Expect trading to remain mixed EURCHF - Intraday - We look to Sell at 1.0917 (stop at 1.0942)
Majority of the initial daily gains being overturned. Previous support level of 1.0841 broken. We have a 50% Fibonacci pullback level of 1.0828 from 0.9651 to 1.2000. Risk/Reward would be poor to call a sell from current levels. Bespoke resistance is located at 1.0917.
Our profit targets will be 1.0830 and 1.0790
Resistance: 1.0880 / 1.0900 / 1.0917
Support: 1.0828 / 1.0785 / 1.0750
EURCHF - Driving lower through supportEURCHF - Intraday - We look to Sell at 1.0930 (stop at 1.0955)
Continued downward momentum from 1.0956 resulted in the pair posting net daily losses yesterday. Bespoke support is located at 1.0830. There is no clear indication that the downward move is coming to an end. Ichimoku cloud support comes in at 1.0772. The 261.8% Fibonacci extension is located at 1.0785 from 1.0958 to 1.0892.
Our profit targets will be 1.0830 and 1.0785
Resistance: 1.0930 / 1.0957 / 1.1074
Support: 1.0863 / 1.0830 / 1.0785
Possible trend shift in EURCHF – going long
The Tidal Shift Strategy has just bought EURCHF at 1.09146. The system recommends entering this trade at any price between 1.08995 and 1.09297. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.24374, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00121, so the stop loss has been set at 1.08542. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 67336
Time Issued: Tuesday, 06 August 2019 05:00:16 GMT
Status: open
Entry: 1.08995 - 1.09297
Limit: N/A
Stop Loss: 1.08542
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EURCHF Short Updated If you have not seen the EURCHF Short that I posted a week ago here is the updated the momentum is starting to come in with the ADX above the trend number I am looking to SELL to the daily D ext at .9700 with USD weakness.
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