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Eurchfshort

EURCHF SHORTAs we can see, EURCHF bounced from the upper trendline of a descending channel on the H4, we expecting the market to retest the support level listed on the chart, We taking this trade based on Candlestick patterns and price action. (This not a long term trade) (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa
1
EUR/CHF:FUNDAMENTAL+PRICE ACTION|NEW OPPORTUNITY|SHORT SETUP 🔔Previous 2 ideas reached the Take profits... The Swiss Unemployment Rate for July was reported at 2.8%, and the Seasonally Adjusted Unemployment Rate at 3.0%. Economists predicted a rate of 2.8% and 3.0%. Forex traders can compare this to the Swiss Unemployment Rate for June, reported at 2.8%, and the Seasonally Adjusted Unemployment Rate, reported at 3.1%. The German Trade Balance for June was reported at €13.6B. Economists predicted a figure of €13.4B. Forex traders can compare this to German Trade Balance for May, reported at €12.8B. Exports for June increased 1.3% monthly, and Imports increased 0.6% monthly. Economists predicted an increase of 0.4% and 0.5%. Forex traders can compare this to Exports for May, which increased 0.4% monthly, and to Imports which increased 3.4% monthly. The German Current Account Balance for June was reported at €22.5B. Forex traders can compare this to the German Current Account Balance for May, reported at €13.1B. Eurozone Sentix Investor Confidence for August is predicted at 29.0. Forex traders can compare this to Eurozone Sentix Investor Confidence for July, reported at 29.8. The forecast for the EUR/CHF remains bullish, but traders should exercise patience as volatility is likely to increase. This currency pair may temporarily rise before restarting its contraction. With the Tenkan-sen, the Kijun-sen, and the Ichimoku Kinko Hyo Cloud descending, bears control price action. Will bears force the EUR/CHF into its next horizontal support area? Check the Links on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Have a Good Day Trading !
Short
by FOREXN1
3
Any hope for a pull ? EUR/CHF 1D analysis 09/07/21Hello everyone , as we all know the market action discounts everything :) looking at the EUR/CHF chart and indicators we are getting a lot of bearish signs for the daily basis , where the market price is moving below the MA and RSI showing weakness in the market sitting at 31.79 . The MACD creating a bearish divergence on july 8th . we might see the market drop down to the range of 1.06655 hitting the first resistance line or even dropping even more and hitting 1.05060 hitting the second resistance line, looking at the bigger picture the EUR seems to formed a Flag pattern which indicates possible continuation of a previous trend but we need to wait for the conformation , and waiting a conformation on a Head and shoulder pattern that could be the move that pulls back the price back up ? if it is we will probably be seeing the price bouncing back and hitting the support line at 1.112 and maybe getting bigger momentum and hitting the second support at 1.146. Fundamental Point of View : In a report, Swiss Federal Statistical Office said that Swiss consumer price inflation rose to a seasonally adjusted 0.2%, from 0.3% in the preceding month. The forecast for the EUR/CHF remains bearish with rising inflation and a weaker-than-expected global economy combining for a turbulent summer. Interest rates may rise sooner than communicated by many central banks, adding to the debt problem. The CCI reached extreme oversold territory but has plenty of downside potential. Can bulls extend the sell-off in the EUR/CHF and force it into its horizontal support area? The bearish note in EUR/CHF is seen unchanged while below the 1.1002/05 band, suggested Axel Rudolph, Senior FICC Technical Analyst at Commerzbank. “EUR/CHF continues to recover from the 200 day moving average at 1.0883 and remains close to the 55 day moving average and April 12 low at 1.0969/75 above which the mid-March low and current June high can be spotted at 1.1002/05.” While trading below this area we will retain a medium-term bearish forecast. EUR/CHF is threatening a potential ‘head and shoulders’, which would be confirmed above downtrend resistance at 1.1003/04. This would end the Q2 move lower and turn the one-month risks higher for a move towards 1.1029, then 1.1077. The potential ‘measured base objective’ projects a move above here and roughly coincides with the 1.1118 corrective price high. With the 1.1153 high not far above, we would look for a cap in this zone. said FXstreet teams Make sure to Follow and Like for more content This is my personal opinion and not financial advice. If you have any questions please ask Thank you for reading.
Short
by GabiDahduh