Eurchfshort
Extreme trader sentiment points to possible EURCHF uptrendThe Trend Follower Strategy has just bought EURCHF at 1.13739. The system recommends entering this trade at any price between 1.13639 and 1.13838. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.53813. This suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00398, so the stop loss has been set at 1.13341. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 60004
Time Issued: Wednesday, 14 November 2018 22:00:15 GMT
Status: open
Entry: 1.13639 - 1.13838
Limit: N/A
Stop Loss: 1.13341
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF (1D): EUR Event PlayEURCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Bearish candles formation
- Price rejected Resistance Trendline (since May 18)
- Horizontal Resistance Trendline (38% Fibo level) strong
- Price broke the Short Term Trendline (since Sept 18)
- Stochastic Overbought momentum
- Fundamentally, Italy supposed to provide EU with a revised budget this coming Tuesday but from the likes of it, unlikely there would be any revision. The continuation of this budget issue will only make Italy's budget deficit worse with the Italian bond yields spiking higher.
Suggested Trade:
Entry @ Area of Interest 1.1370 - 1.1430
SL: 1.1497
TP: 1.1191
RR: Approx. 2.00 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Extreme trader sentiment points to possible EURCHF uptrendThe Trend Follower Strategy has just bought EURCHF at 1.14613. The system recommends entering this trade at any price between 1.1451 and 1.14717. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.52557. This suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00414, so the stop loss has been set at 1.14199. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Signal ID: 59856
Time Issued: Wednesday, 07 November 2018 02:00:16 GMT
Status: open
Entry: 1.1451 - 1.14717
Limit: N/A
Stop Loss: 1.14199
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
78.58% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1451 (horizontal overlap resistance, 100% fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 1.1412 (horizontal swing low support, 61.8% fibonacci extension, 38.2% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance 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
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.14157. The system recommends entering this trade at any price between 1.14036 and 1.14278. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.24685, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00097, so the stop loss has been set at 1.13674. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Signal ID: 59732
Time Issued: Tuesday, 30 October 2018 16:00:16 GMT
Status: open
Entry: 1.14036 - 1.14278
Limit: N/A
Stop Loss: 1.13674
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
79.79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
EUR/CHF - Retest of H&S Neckline- Completed the head and shoulders pattern with a nice break below the neckline
- Price has reverted back to that neckline to retest that price level
- Sellers are clearly present as we have not been able to break above the 1.15 even handle
- Price has not closed above 1.148 handle
- The bullish engulfing candle failed to close with price within a few pips of the high. Price closed 21 pips below the high of Friday's high
- Price is also at the top of a descending channel pattern
- Price is below 100 and 200 EMA and MA's
EURCHF / H4 / Technical AnalysisAt end of Last Week EURCHF showed Bullish Strength and reached Resistance Level But couldnt Close above it..
We have Cypher pattern on D1 which gives us hint that market can push above Resistance Level..
Still we need Confirmations on H4 or H1 to enter Any trade ...
GOOD LUCK
TRADE GREEN