EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1219 (horizontal pullback resistance, 61.8% fibonacci extension, 23.6% fbonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1152 (100% fibonacci extension).
RSI (55) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Eurchfshort
EURCHF short on H4Hi together EURCHF give us a good option to go short on the 4H chart.
After an double top and a break of the bullish trendchanal we have to wait for a breakout to the downside.
The RSI of the last 2 trading weeks looks good to for a short entry on lower timeframe with low risk.
I wish you a good trading week.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.1263. The system recommends entering this trade at any price between 1.1251 and 1.1275. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.78596. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00481, so the stop loss has been set at 1.13111. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 60894
Time Issued: Sunday, 30 December 2018 22:01:16 GMT
Status: open
Entry: 1.1251 - 1.1275
Limit: N/A
Stop Loss: 1.13111
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.58% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.12898. The system recommends entering this trade at any price between 1.12742 and 1.13054. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.85813, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00125, so the stop loss has been set at 1.13523. This stop loss order is a trailing stop that will move down as the market moves down. 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: 60829
Time Issued: Thursday, 27 December 2018 01:00:15 GMT
Status: open
Entry: 1.12742 - 1.13054
Limit: N/A
Stop Loss: 1.13523
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.12966. The system recommends entering this trade at any price between 1.12867 and 1.13065. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.5276. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00395, so the stop loss has been set at 1.13361. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 60765
Time Issued: Friday, 21 December 2018 03:00:15 GMT
Status: open
Entry: 1.12867 - 1.13065
Limit: N/A
Stop Loss: 1.13361
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.1284. The system recommends entering this trade at any price between 1.12737 and 1.12943. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 1.09017, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00082, so the stop loss has been set at 1.12428. 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: 60670
Time Issued: Tuesday, 18 December 2018 13:00:17 GMT
Status: open
Entry: 1.12737 - 1.12943
Limit: N/A
Stop Loss: 1.12428
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF SELL SIGNAL 14 DecemberEURCHF dropped yesterday failing below 1.13 ahead of SNB press conference. Price dropped to 1.1265 before rebounding back.
Price is again at the resistance channel, making it worth-while to sell.
We trading at support turns resistance channel
Sell signal for EURCHF
Date: 14 Dec 2018
Entry Price (Asia Market): 1.1291
SL: 1.1321
TP1: 1.1361
TP2: 1.1331
Breakeven: 25 pips
Trailing 25 pips
Algorithm system: TREND System Robot
Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.12916. The system recommends entering this trade at any price between 1.12803 and 1.13028. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.11912, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.0009, so the stop loss has been set at 1.13366. This stop loss order is a trailing stop that will move down as the market moves down. 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: 60552
Time Issued: Wednesday, 12 December 2018 14:00:16 GMT
Status: open
Entry: 1.12803 - 1.13028
Limit: N/A
Stop Loss: 1.13366
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13234. The system recommends entering this trade at any price between 1.13126 and 1.13342. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.51974. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00433, so the stop loss has been set at 1.13667. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 60433
Time Issued: Wednesday, 05 December 2018 07:00:15 GMT
Status: open
Entry: 1.13126 - 1.13342
Limit: N/A
Stop Loss: 1.13667
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF BEARISH CONTINUATION SETUPPrice breaks and retested broken support level that lined up with H4 moving averages and 50.0 Fib ratio.
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This swing is also a possible Wave 4 of ending diagonal wave and price has the potential to move down towards the support zone & -27.0 Fib area to complete the Wave 5.
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Price has also made a daily bearish engulfing candle and inside candle which are further confirming the bearish potential.
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We will look for the breakout of the corrective structure CTL for entry.
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Safe trading!
EURCHF appears overboughtThe Congestion Opportunities Strategy has just sold EURCHF at 1.13434. The system recommends entering this trade at any price between 1.13326 and 1.13542. The signal was issued because the 28-hour Relative Strength Index indicates that the EURCHF may be overbought, while the Speculative Sentiment Index reading of 1.0009 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.00433, so the stop loss has been set at 1.13867. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Signal ID: 60323
Time Issued: Thursday, 29 November 2018 17:00:15 GMT
Status: open
Entry: 1.13326 - 1.13542
Limit: N/A
Stop Loss: 1.13867
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF approaching resistance, potential drop!EURCHF is approaching our first resistance at 1.1360 (38.2% Fibonacci retracement, 61.8%, 100% Fibonacci extension, horizontal overlap resistance) where a strong drop might occur pushing price down to our major support at 1.1332 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Possible trend shift in EURCHF – going shortThe Tidal Shift Strategy has just sold EURCHF at 1.1306. The system recommends entering this trade at any price between 1.1293 and 1.1319. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.34469, which suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00104, so the stop loss has been set at 1.1358. This stop loss order is a trailing stop that will move down as the market moves down. 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: 60131
Time Issued: Tuesday, 20 November 2018 19:00:15 GMT
Status: open
Entry: 1.1293 - 1.1319
Limit: N/A
Stop Loss: 1.13580
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.