EURCHF - Intraday - We look to Sell at 1.0930 (stop at 1.0955)
Continued downward momentum from 1.0956 resulted in the pair posting net daily losses yesterday. Bespoke support is located at 1.0830. There is no clear indication that the downward move is coming to an end. Ichimoku cloud support comes in at 1.0772. The 261.8% Fibonacci extension is located at 1.0785...
Looking for the supporting trendline to be broken before selling, maybe after price has touched this current resistance. Targeting 1.07 area. look at our earlier analysis on this pair regarding the daily timeframe
Nice clean and strong downtrend on the 60 coming off minor support but I think it can get retested at least. Daily held support and currently oversold in a downtrend which is slightly conflicting but decision is made off the 60.
Bearish flag formation
Expecting a decline
1. This profile is for educational purposes ONLY!
2. The setups given are my own perspective of the forex market and by no means require action!
3. Trading involves risk, past profits do not guarantee future results, so never risk what you are not willing to lose!
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...