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Eurchfshort

SHORT AND LONG ON EUR/CHFOn the Weekly timeframe we have a perfect (EVENING STAR) candle pattern that has formed. On the lower timeframes Daily or 4hr price is bouncing off of a small support zone and because of this price could go up a few pips. I am looking to catch this pair going in either direction but my bias is (SELL) because of the evening start pattern. Here are the plays I will be making on this pair: PAIR = EUR/CHF ORDER TYPE = SELL STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.03026 STOP LOSS = 1.03642 - 61 PIPS TAKE PROFIT = 1.01441 - 158 PIPS PAIR = EUR/CHF ORDER TYPE = BUY STOP (PENDING ORDER) LOT SIZE = Micro lot (0.01) (0.02) ENTRY PRICE = 1.03881 STOP LOSS = 1.03243 - 63 PIPS TAKE PROFIT = 1.04881 - 100 PIPS
by TB305
EURCHF SHORT OPPORTUNITY ON DOVISH ECB & TECHNICAL CONFIRMATIONSentiment/Fundamental insight: German Producer Prices Rise 24.2% Y/Y Strongest YoY Increase Since The Survey Began In 1949 ECB’s Lagarde: No Reasons For Us To Act In The Same Way As The U.S. Federal Reserve ECB’s De Cos: No Interest Rate Increase Expected In 2022 | Speaking on Spanish TV Risk-off market will keep CHF as save heaven currency strong We are still hold very bearish bias on all Euro pairs.
Short
by TradingCocktail
2
A glance into CHF crosses (The ultimate safe heaven)Hi traders, in this post let's take a look into the CHF crosses which not only I think presents good trading opportunities, but also will give us a " feeling" about the risk in the markets at this moment. EurChf: As you can see in the main chart (weekly) EurChf is in a clear downtrend since the beginning of the 2007-2008 financial crisis and in the past 7 years, the pair has formed a pattern that resembles an H&S. More importantly though is that the pair is trading at this moment exactly in a strong support above 1 very important figure(We don't care about 3% difference looking at a longer TF) Going to daily Here we can see that since March's top above 1.1, the pair has started to drop, and since September, this drop is accelerating, but more importantly, in the past 2 months, EurChf has broken under 3 important daily support levels. The month of December is marked by consolidation with the pair trading in a tight range. However, last week can give us a clue, with the strong selling and reversal before the 1.05 figure. In conclusion, I expect EurChf to continue its descent at the beginning of 2022 and to reach at least parity figure. GbpChf: Similar to EurChf, here also we have a multi-year downtrend, and going to the daily chart, we can see that the pair is accelerating down since late October also here. December, in GbpChf's case, is marked by a flag, which can lead to continuation, and, very important in my opinion, the BoE rate rise did nothing but a spike up, strongly reversed, leaving a Pin Bar on our chart. 1..2150-1.22 is the support zone, and a break here could accelerate losses to the next important support under 1.17. Such a trade would have a 1:3 risk: reward ratio and, in my opinion, GbpChf needs to be on our watch list in the next weeks. AudChf: We can see something similar in AudChf, a pair very sensitive to risk... The pair is accelerating its loss in late October and we have a break under very important 0.67 support, with this break confirmed as genuine last week. The next support for this pair is 0.64 zone, but once this is cleared, AudChf can spiral down to at least 0.6
Short
by Mihai_Iacob
13