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Eurchflong

eurchfEURCHF - Long Why are we entering? - Expecting EUR strength and CHF weakness = EURCHF LONG - Approaching local double bottom - If we dont bounce from here, watch bigger double bottom at 1.05 What is our confirmation? - Bounce off the structure level (either one) Entry No Safe Entry. Risk Entry: Bounce off either double bottom Once entered, where will our Stoploss be? - below the whichever structure level price bounces from Where do we take profits? First TP: 1.07 Second TP: 1.093 Third TP: 1.3
Long
by Elrouby
1
eurchfWhy are we entering? - Approaching major structure level - Anticipating EUR strength and possible CHF weakness = EURCHF LONG What is our confirmation? - Bounce off the structure level - 2H trendline hack (2H EMA is respecting price - will be using that for confirmation) = WFB break Entry SAFE Entry: Bounce off structure and then WFB Risk Entry 1: break of WFB without the bounce Once entered, where will our Stoploss be? - below the major structure level Where do we take profits? First TP: 1.07 Second TP: 1.093 Third TP: 1.3
Long
by Elrouby
2
EURCHF - Bullish BiasEURO - Weak Bullish 1️⃣ Sentix Investor Confidence showed an increase of 1.4 to 18.3 in November, compared to market expectations of 15.5. 2️⃣ ZEW Economic Sentiment for the Eurozone rose to 25.9 in November, from 21.0 in the previous month. CHF - Strong Bearish 1️⃣ Investors are seen to be cautious when the value of EUR/CHF is under SNB monitoring. ===== Technical ===== The EURCHF has broken above the resistance levels and retested. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction. Don't forget to like, comment, and subscribe for more ideas.
Long
by MonsunAsia
1
eurchfWhy are we entering? - Approaching major structure level - Anticipating EUR strength and possible CHF weakness = EURCHF LONG What is our confirmation? - Bounce off the structure level - 2H trendline hack (2H EMA is respecting price - will be using that for confirmation) = WFB break Entry SAFE Entry: Bounce off structure and then WFB Risk Entry 1: break of WFB without the bounce Once entered, where will our Stoploss be? - below the major structure level Where do we take profits? First TP: 1.07 Second TP: 1.093 Third TP: 1.3
Long
by Elrouby
EURCHF - LONGEURCHF looking very cheap from this point. Bank forecasts price this currency pair at 1.08 by the end of this month (Very optimistic, but I think that we could see it going to 1.08 in the first half of November). Euro implied volatility for 1 month expiry options against the dollar are still on the minus side (Puts more expensive than Calls), but we saw a very important change of direction this week, meaning we could see a much stronger Euro on the coming weeks. CFTC Eur Speculative Net Positions give an advantage for the dollar, but last week's Euro shorts were fewer in comparison to the week before. On the technical side of things, we can see a bullish expanding triangle indicanting a change of direction for this pair with a divergence on the RSI. SL below a key important support level (1.06600). TP on the last high for conservative's sake. FX:EURCHF
Long
by patrickofthepatricks
EURCHF Bullish Indicators: 1) Support zone 1.06807 2) Hammer candlestick on daily Bearish Indicators: 1) Resistance zone 1.08602 Fib level 38.20% 2) Upward descending trendline 3) Downward trend Plan A: After forming hammer on daily its looks like the pair will move upward from here and can test the upward trendline and the resistance zone of 1.08602. Plan B: On the downside if the the pair broke the support zone of 1.06807 the pair can move further downside towards support zone of 1.06000.
by JustTradeSignals