EURCHF - WEEKLY SWING - 04. MAR. 2019WELCOME TO DACAPITAL-TRADING!
EURCHF FOREX BREAKDOWN 04 MARCH 2019
1 HOUR
Strong bearish reaction towards range support zone!
4 HOUR
Strong sideways moving market with several pullbacks at res/sup levels
DAILY
Bullish market with good entry levels now!
LEVELS
BUY EURCHF
ENTRY @ 1.13470
SL @ 1.13220 (25 Pips)
TP @ 1.13840 (35 Pips)
RR: 1.50, use normal risk!
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Eurchflong
EURCHF approaching resistance, potential drop! EURCHF is approaching our first resistance at 1.1393 (horizontal swing high resistance, 61.8% Fibonacci extension, 78.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.1370 (61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a drop below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
#EURCHF Long signal 100-150 pips potential We have been in a bullish channel for several days like you can see above, The ideal entry price in such a situation is that the price is close to the support of this channel like now. We are also taking advantage of the strength of the Euro in recent days
Buy EUR/CHF:
Entry Price: 1.1350
Stop Loss: 1.1310
Take Profit: 1.1427
Extreme trader sentiment points to possible EURCHF downtrendThe Trend Follower Strategy has just sold EURCHF at 1.13407. The system recommends entering this trade at any price between 1.13307 and 1.13507. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.5156. This suggests that the EURCHF could be trending downwards.The 14-period Average True Range on a daily chart is 0.00401, so the stop loss has been set at 1.13808. This stop loss order is a trailing stop that will move down as the market moves down. 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: 63897
Time Issued: Monday, 25 February 2019 01:00:16 GMT
Status: open
Entry: 1.13307 - 1.13507
Limit: N/A
Stop Loss: 1.13808
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% 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 (BIG PICTURE) UP-TRENDLooking at EUR/CHF on the daily time frame it is pretty obvious we are on a uptrend. I see a nice respected support Zone highlighted. The Big picture is a nice retest towards highlighted resistance. Long term trade on this one.
Thanks for taking the time to see my idea!
EUR/CHF aiming for daily 200 smaEUR/CHF rallied earlier in February. successfully retraced back to 4hr 200sma and now moving high. With strong momentum currently, keep stop below 1.1340, there can be short term opportunity to target daily sma at 1.1435.
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EURCHF poised to push higher...Here we are remaining with our long bias, a view that has been with us since 2018.
=> Fundamentally, the SNB increasing in deposits suggests that the SNB have likely been keeping the EURCHF supported whilst volatility was on the move. President Jordan notably mentioned that the SNB is growing more concerned with market vol and the impact it is having on the CHF.
=> Here we can see the divergence implied from the options market and would suggest that EURCHF has room to correct higher.
Those following our ideas already know we see the EURUSD breaking down and this will increase European volatility but we don't see this being enough to put upward pressure on CHF.
I would also encourage you to check the USDCHF idea attached for a more detailed technical breakdown on CHF.
Thanks and best of luck.
Possible trend shift in CHFJPY – going longThe Tidal Shift Strategy has just bought CHFJPY at 109.869. The system recommends entering this trade at any price between 109.692 and 110.046. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.202, which suggests that the CHFJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.141, so the stop loss has been set at 109.163. 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: 63644
Time Issued: Monday, 11 February 2019 00:00:16 GMT
Status: open
Entry: 109.692 - 110.046
Limit: N/A
Stop Loss: 109.163
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% 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 appears oversoldThe Congestion Opportunities Strategy has just bought EURCHF at 1.13231. The system recommends entering this trade at any price between 1.13141 and 1.13321. The signal was issued because the 28-hour Relative Strength Index indicates that the EURCHF may be oversold, while the Speculative Sentiment Index reading of 1.29698 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 0.0036, so the stop loss has been set at 1.12871. 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.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Signal ID: 63646
Time Issued: Monday, 11 February 2019 01:00:18 GMT
Status: open
Entry: 1.13141 - 1.13321
Limit: N/A
Stop Loss: 1.12871
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% 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.