We had a recent trade on this pair from the top and half of that trade is still open and it has now given another chance to enter in the market. Price has recently broken below 50EMA and pulled back and touched the EMA and bounced which suggests continuous downtrend on this pair. I've marked the tp and sl for you as well.
Long term tp on this pair is...
Possible short position for EURCHF. Price is currently moving below both the 50 and 200 EMA , thus indicating a short bias. Price is currently in a huge downtrend spanning for the past few months as you can see with the trend line channel. I have put in a risky short position with a 35 pip stop loss to compensate for the already occurring downtrend so we can...
Quite simple trades this. After a tremendous rally in recent week this pair has reached to a level which historically acted as a support and resistance in the past on a number of occasion. While RSI also being oversold and we have a nice bearing engulfing candle from the top which signals a reversal. I have gone short on this and marked the tp and sl as well....
Market getting ready to change trend for a sell.
RSI signalling overbought at 75 reading.
Get in on buy and enjoy your profits.
Market often forms a double top/bottom to signal trend reversal so look out for that.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
Price has been in a descending triangle on the Daily TF making lower highs, the market broke out of the support area of the triangle with the first impulse move and retraced back to the support turned resistance due to exhaustion as expected. Euro uncertainty worries continue has the Swiss Franc safe-haven status still holding. The retest gave a nice par on the...
Though believing in the long term in a Buy trade at the right price, the market looks to be heading in a downtrend in the short term, for a sell trade within the build up of orders at around the the 1.1700 area.
Monthly: Hard to take too much away from the longer timeframe as most brokers have different low trades from the January 2015 spike. What we can note is the fact we will post a bearish Outside Month.
Weekly: Bearish divergence can be seen on the weekly chart. Chart makes a higher high while the oscillator (RSI) makes a lower high, often seen before the change...
CHART TIMEFRAME: H4
TREND ON THE CHART TIMEFRAME: BEARISH
FACTS AND PATTERNS:
EURCHF is approaching support zone. 1.16000 – 1.15800 is the strong support area.
A bullish shark pattern completion at 1.15820.
POSSIBLE “PREDICTED” PRICE ACTION: Move back from support and a retracement towards 1.16400 and 1.16700 Fibonacci Levels.
EURCHF TRADE IDEA:...