Eurchfshort
EURCHF Short PositionPrice broke to the downside with confirmation of a re-test.
Following a sharp bearish run, price has pulled back, and another short opportunity has presented itself.
We had a clean break on the 1hour chat indicated by the blue square box.
Momentum is on our side now and we are looking for the market to reach its next support level.
EURCHF - WEEKLY SWING - 29. AUGUST 2018WELCOME TO DACAPITAL TRADING!!
EURCHF just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Price respected our resistance area and is searching for bearish pressure
DAILY
Pullback ends now, we need downside movement otherwise we gonna see a trend change
WEEKLY
Overall very bearish, following longterm downtrend with a good rr and entry level
LEVELS
SELL @ 1.13970
SL @ 1.14330 (35 Pips)
TP1 @ 1.13580 (45 Pips)
TP2 @ 1.13430 (55 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
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DACAPITAL TRADING
EUR/CHF Icimoku Short Sell IdeaWe've been watching this pair for a while and I commented that the 4 hour breakout hadn't convinced me we were in a true breakout yet, and that more than likely it was actually a fake breakout. This has turned out to be the case so far. Since we are still holding bearish sentiment on the daily I am looking for a slight rise to test kijun sen, Once/If we see a rejection there I will look for a longer term sell. Looking at hte current price structure it would make sense to target our previous structure low, but I would take some partial profit on the way down in the case that we don't make it all the way back down.
EURCHF Reversed Off Resistance, Potential For Further DropEURCHF reversed off its resistance at 1.1421 (38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance) where it could drop further to its support at 1.1264 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off near its resistance at 96% where a corresponding drop could occur.
EURCHF Reversed Off Resistance, Prepare For Further DropSell below 1.1421.
Stop loss at 1.1485.
Take profit at 1.1264.
Reason for the trading strategy (technically):
EURCHF reversed off its resistance at 1.1421 (38.2% & 23.6% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 1.1264 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off near its resistance at 96% where a corresponding drop is expected.
EURCHF - WEEKLY SWING - 21. AUGUST 2018WELCOME TO DACAPITAL TRADING!!
EURCHF just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish movement towards previous Trendline
DAILY
1.125 Taken out with instant bullish reaction
WEEKLY
Small bullish pullback before heading further down
LEVELS
SELL EURCHF @ 1.14030
SL @ 1.15330 (130 Pips)
TP1 @ 1.12600 (140 Pips)
TP2 @ 1.12070 (195 Pips)
MOVE SL TO BE @ HIT OF 88.6 FIB!
Weekly Wave Swing, Close 3/4 Position at Hit of TP1!
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
EURCHF approaching resistance, potential drop!EURCHF is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support)
Stochastic (55,5,3) is also approaching resistance and a reaction below this level 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.
EURCHF approaching resistance, potential drop!EURCHF is approaching our first resistance at 1.1446 (horizontal overlap resistance, 23.6%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support)
Stochastic (55,5,3) is also approaching resistance and a reaction below this level 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.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1480 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.1247 (horizontal swing low support).
Stochastic (55,5,3) is also approaching our major resistance where 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.
EURCHF Reversed Off Resistance, Potential Drop!EURCHF reversed off its resistance at 1.1422 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could drop further to its support at 1.1264 (horizontal swing low support).
Stochastic (55, 5, 3) reversed off its resistance at 97% where a corresponding drop could occur.
EURCHF Approaching Resistance, Potential Drop! EURCHF is approaching our first resistance at 1.1601 (horizontal overlap resistance, 23.6% Fibonacci retracement, short term descending resistance line) and a strong reaction might occur below this level, pushing price down to our major support at 1.1537 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (34,5,3) is also approaching our resistance where a reaction below this level might see a corresponding drop in price.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1629 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 1.1537 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement).
RSI (55) is also seeing a bearish exit and 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.
Euro Trash - EUR/CHF Iciomoku Short Trade IdeaThis pair has been in a nice bearish trend for a while, it's still forming lower lows and lower highs. Our major bearish signs are still there and I'm looking to hop in a trend continuation to the downside. I'm just looking for a move lower to enter my short bias trade. I've drawn out a few potential Take Profit levels on the way to my long term target of 1.1540 European Union sentiment of not wanting to raise interest rates until next year also leads me to believe there will be some EUR weakness ahead, especially if they stick with their plan of bond investment. If we fail to form a lower low or our bearish signs change, this setup may become invalidated.
EURCHF DAILY BEARISH BUTTERFLY HARMONICThe last analysis on this pair closed our trade in breakeven and proceeded to play a harmonic pattern days later. This makes for a potential longterm trade . Since the harmonic pattern has already played out well . i will be watching for a break and close below 20 ema for the continuation of the sell signal. I will update this trade on the upcoming week
EURCHF approaching resistance, potential drop! EURCHF is testing our first resistance at 1.1600 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong reaction might occur below this level pushing price down to our major support at 1.1540 (horizontal swing low support, 100% Fibonacci extension, 50%, 76.4% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (34) is also seeing a bearish exit 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.