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Eurchflong

EURCHF is facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the ascending trendline support and Ichimoku cloud, in line with our bullish bias. We could potentially see a bounce and a further rise above the ascending trendline support towards our 1st resistance at 1.08462, in line with our horizontal swing high resistance and 61.8% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
1
Possible trend shift in EURCHF – going longThe Tidal Shift Strategy has just bought EURCHF at 1.08248. The system recommends entering this trade at any price between 1.08169 and 1.08327. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 3.40477, which suggests that the EURCHF could be trending upwards.The 14-period Average True Range on a daily chart is 0.00063, so the stop loss has been set at 1.07931. 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: 74871 Time Issued: Tuesday, 02 February 2021 03:00:11 GMT Status: open Entry: 1.08169 - 1.08327 Limit: N/A Stop Loss: 1.07931 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
4
EURCHF: The price BROKE an interesting TRIANGLE PATTERN!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CHF ⚪ Technical Analysis : Since the end of December 2020, the price has been moving creating an interesting descending triangle pattern and few rejections on the main support level at about 1.07400 and its dynamic trendile are an extra confirmation about the validity of that pattern. Since the 15th of January 2021, the price has been consolidating for a couple of weeks, getting now strength enough to move up. Yesterday it broke its dynamic trendline and the next price action around that level will be essential to understand the next market movement. If you would like to have a quick look on my previous analysis, you can check the link below: 🔴 Conclusion : In the weekly time frame, I would say that the price is moving as a trend correction of a long and strong bearish market started since April 2018 and in the daily perspective I can see the price bouncing up and down between the support zone at about 1.07500 and the resistance zone at about 1.08700. I'm confident to see the price moving up but I'll be waiting for a re-test of its dynamic trendline before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
12
EURCHF: The price is very CLOSE to its WEEKLY DYNAMIC TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CHF ⚪ Technical Analysis : In the weekly time frame, since May 2020, the price has been following a clear uptrend creating an ascending triangle pattern. During the last weekly session, the price reached its dynamic support trendline and its now moving up. In the daily time frame, in November 2020, the price got a strong impulse once it reached its dynamic trendline, moving up until the resistance zone at about 1.08500. It got many rejections around that zone, bouncing back on the support zone at about 1.07370. It has currently moving up! In the h4 time frame, at the beginning of January 2021, the price started a strong descending channel, bouncing on the main support level at about 1.7400. It's currently consolidating and the next price action will be essential to understand the next market movement. 🔴 Conclusion : If I take in consideration that in the weekly and daily time frame the price is moving with a clear uptrend, I'm really confident to see the price pushing up until the main S/R Zone. Don't forget that it is very close to its weekly trendline and I'll be waiting for it to re-test that trendline before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
10
EURCHF (H4): LONG Idea breaking the ASCENDING TRIANGLEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since the beginning of November, the price has been following a nice ascending triangle pattern, as we can see in the chart the price bounced many times on the main trendline and got a rejection everytime it reached an important resistance zone at about 1.08694. The price is actually very close to the dynamic trendline's support and the next price action around this level will be interesting to understand if the price will bounce or break the support. CONCLUSION: The ascending triangle pattern is usually but not always a continuation chart pattern. I believe the price will bounce on the support and will continue until the breakout of the weekly resistance zone, in a daily perspective we still have a clear uptrend and this is an extra confirmation about the next movement. Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
4
EURCHF - SWING - 07. JANU. 2021Welcome to our weekly trade setup ( EURCHF )! - 1 HOUR Bullish pressure and closure above main sr level. 4 HOUR Overall sideways moving market structure. DAILY Expecting another push towards previous highs. - FOREX SWING BUY EURCHF ENTRY LEVEL @ 1.08340 SL @ 1.08030 TP @ 1.08810 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
34
EURCHF, 4hr tf, buy bullish flag breakout at EMA-200Hello my friends, Today i found a nice setup on EURCHF pairs. As you can see there is a possibility the recent downward movement looks like a bullish flag. The downward movement also stop at 61.8 fibonacci retracement so i think we will see upwards movement again soon. Our target will be the recent top of EURCHF at 1.0885 This is simple analysis and don't need to overcomplicated it. Buy EURCHF 1.0807 Stop loss 1.0785 Take profit 1.0885 (3.5R) RR Ratio 1 : 3.5 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1