Eurchfanalysis
EURCHF - Trade idea (Medium term!) EURCHF - Trade Idea (Medium Term)
I've been long EURCHF for while, I have scaled out in my positions mostly but now the key pull back occurring is a very interesting area!
Technical Aspects:
Support: 1.09095, 1.08390, 1.07440, 1.06420
Resistance: 1.10295, 1.11490, 1.12685, 1.13605
Pattern: Smaller term, wedge. Longer term, channel.
200 EMA - Key resistance Zone
50 EMA - Key Support Zone
We are still bullish as long as we are still within this channel, if we go below 50 EMA bears will gain further control. Above 200 EMA area close we are going to next resistance are zones.
Have a great day ahead.
Trade Journal
(Just trade idea, not a recommendation)
EURCHF | Perspective for the new weekAfter moving over 350pips in our direction since my last speculation on this pair (see link below for reference purposes); the breakdown of the Demand zone which has held price "Supported" in the last 70 days was finally broken to the downside giving rise to a "quick" counter-trend opportunity in the coming week(s).
Tendency: Downtrend ( Bearish )
Structure: Supply & Demand | Breakdown | Trendline
Observation: i. The Bullish run that began mid-February 2021 and peaked @ Fr1.11500 appears to be going through a Corrective phase.
ii. The Breakdown of Fr1.09800 during last week trading session signals the seller's strength at this juncture in the market.
iii. With Bearish tendencies "screaming" since Breakdown, I am of the opinion that a potential new Supply level around Fr1.0200/1.09800 shall crystallize in the coming week.
iv. A comfort entry after a further Breakdown/retest of Key level @ Fr1.09500 in the coming week(s) should trigger confirmation with the aim of testing Bullish Trendline (Check the weekly chart below).
v.This been said, there is also a possibility that the Bullish trendline on the weekly chart might be broken (considering the long-term bearish perspective) hereby welcoming an opportunity to add position at retest... Trade consciously! :)
Trading plan: SELL confirmation with a minimum potential profit of 130 pips.
Risk/Reward : 1:4
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EUR/CHF New 3 Setups In This Video To Catch More Than 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Formed a bullish flag
Description :
Hello guys, as you can see, an ascending flag has been formed, which is quite clear. After the sharp and sharp growth of the price, it has entered a downward channel and formed a rectangle of the flag, and a small ascending trend line can be observed, which if maintained and not lost. Gently go to the roof of the channel and then break the roof of the channel and see another Sharpe ascent according to this pattern.
EUR/CHF New Setup To Catch More Than 200 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
[EURCHF W3 Apr 2021]EURCHF
Long Setup
Continuation trade:
👉🏻 Super bullish on EURCHF ever since August 2020 here. Back and forth for the past 2 weeks have been setting up this this very last push. Price now is believed to forming the last Wave-5 and has retraced to form Wave-2 at the 61.8%, we could see a shoot up next week. Short term target is 1.12000, don't want to get to crazy even though I believe it could very much higher, both technically and fundamentally 🤫
EURCHF Targeting New Level!!! Trend Continuation...Current price movement has shown us a perfect 61.8% fib retracement with a nice rejection off that level. This could signal to us that BULLISH strength has yet to come to a stop. EURCHF managed to reject off our EMA as well as the ichi cloud. Therefore, if EURCHF was to break this level it could signal a huge downward movement. As of now, we have not reached that stage and I am leaning towards a BULLISH opportunity instead. Having said that, we should see a breakout of 1.1160 resistance level. I will anticipating some BEARISH pressure if price head towards 161.8% fib level, also a weak resistance level near that level.
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EUR/CHF Will Close Above Our Res Finally ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
[EURCHF W5 Mar 2021]EURCHF
Long Setup
Continuation trade:
👉🏻 Since I see EURCHF being the same correlation as EURUSD as stated here. Recent price action has formed a triangle pattern. Laymen's term would be a continuation pattern or also a ELliot Wave-4 of a corrective wave. 1.12000, a psychological number as a target could be favourable.
EURCHF: short idea on 4h timeframeHi Traders,
This is my view on this cross for the next few days.
#EURCHF
SELL 1.105
SL 1.109
TP 1.098
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Trading Kitchen
EUR/CHF New Entry With 1:6 R:RThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions