Get started

Eurchfshort

EURCHF H4 SHORT PRICE ACTION FORECAST Price action trading under a downtrend bias has just broken a support level, expecting the next candle to retest the previous support for a strong bearish continuation. MACD also shows a bearish momentum allows a short setup The order: Type: sell-limit S/L: 32 pips - R:R | 1:2 - T/P: aiming towards next demand zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EUR/CHF Ichimoku Short Trade SetupFor this setup I'm looking for a slight push higher to test kijun sen. If we get a rejection I can start to look for sells. All our other confirmations remain bearish right now so we will keep that bias until something changes. I've drawn out some partial take profit levels to aim for on the way to the overall price structure levels you can see on the left side of the chart. If we fail to get a push down off of kijun sen or if our bearish signs change, this setup may become invalidated.
Short
by The808Trader
Will the EURCHF start to weaken??Hello Traders, The EURCHF may be ready to pull-back. I anticipate a dovish tone at the upcoming ECB Monetary Policy Statement that may be the catalyst to cause a pull-back in the Euro. It is also possible this may cause some traders to take profits on their recent gains. From a technical viewpoint, the pair has hit a relatively strong resistance point on the 1W. The price just bounced off the 50-EMA on the 1W as well. On the 8H, Bearish Divergence is forming on the MACD Price Chart and RSI is in Overbought territory. On a short-term basis (1M), Hidden Bearish Divergence is forming on the MACD/Price Chart which may be a signal of an ongoing pull-back. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the current market conditions*
Short
by pofseur
1
EUR/CHF back inside of parallel channelGood morning traders, after very slow Wednesday, we can see the price has started to move in Asia session and hopefully it will do the same in London an US sessions. Let's take a look at EUR/CHF in 4H chart. We can see that there was aggressive move up that smashed resistance line that has been tested multiple times in past. However, it turns out it is just a fakeout and now price is back in the parallel channel looking to test support line in near future. RSI shows us the downside pressure is only starting and MACD shows the bear volume is getting higher. If you decide to go with this trade, put your Stop Loss right above resistance line and don't risk more than 1% of your capital in this trade. This idea is little bit riskier what we usually take. Let us know if you agree or disagree with us with this idea in comment section. And do us a favor and hit that follow and like button and help us grow our community :) Good luck !
Short
by UnknownUnicorn3249870
1