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Swiss Franc/Euro

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CHFEUR trade ideas

Go long on EURCHF : Breakout of falling channelThe pair has been moving in a falling channel pattern from the past three months. Yesterday, the pair tested the 1.08230 support level for the third time and again took a bounce, ending the day with a long bullish candle and creating a morning star pattern. Moreover, the upliftment in the pair was supported by the divergence between the prices and the RSI indicator. At the moment, the price is just below the resistance level of 1.09076. following breakthrough, the prices are expected to reach 1.10467. The support for the pair is the area between 1.07997 - 1.08229. This area is important and the stop loss should be below it or it can be the lowest level of the area i.e. 1.07997.
Long
by forexnoobmaster007
Don't miss the great buy opportunity in EURCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.1205). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURCHF is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 61. Take Profits: TP1= @ 1.1310 TP2= @ 1.1365 TP3= @ 1.1485 SL= @ 1.1120
Long
by ForecastCity_EU
EUR/CHF Technical analysisThe counter has topped out in the near-term charts. It formed a significant high of 1.14800 and unable to hold on to the gains it slid down to the support of 1.13582. It then made an effort to take down the previous high but a head and shoulder pattern has formed. So, the entire structure could be attributed to lower high formation in the making. The MACD indicator also confirms the set up by moving on the bearish terrain. However, for now, we expect the pair the retreat to the support levels of 1.13582 and 1.13428.
Short
by traderpulse
A trading opportunity to sell in EURCHFMidterm forecast: While the price is below the resistance 1.1500, beginning of downtrend is expected. We make sure when the support at 1.1320 breaks. If the resistance at 1.1500 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis : A peak is formed in daily chart at 1.1475 on 04/23/2019, so more losses to support(s) 1.1385, 1.1355 and minimum to Major Support (1.1320) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 61. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.1430 to 1.1475). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.1430) Ending of entry zone (1.1475) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 1.1385 TP2= @ 1.1355 TP3= @ 1.1320 TP4= @ 1.1225 TP5= @ 1.1160 TP6= Free
Short
by ForecastCity_EU
BUY EURCHF FOR WEEKELY INCOME TRADER.- ALERT SIGNAL FOR POSITIONAL TRADE ALERT SIGNAL DATE -14/10/2018 BUY ENTRY 1 -1.14284 BUY ENTRY 2 - 1.13958 STOPLOSS- 1.13620 TARGET 1 -1.14609 TARGET 2 - 1.14943 Hit like, comment and follow for more profitable Trades. Happy trading. THANK YOU HOW WEEKLEY WIT SIGNAL IS VALID FOR DAILY INCOME TRADER(DIT) 1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS THE ENTRY 2,ONCE PAIR CROSSED 10 PIPS,MOVE YOUR TRAILING STOPLOSS TO 2 BREAKEVEN OR ENTRY 3, WAIT FOR TARGET OR EXIT AT YOUR OWN COMFORT MONEY MANAGEMENT RULES Let’s say, If you have 1000 USD trading balance, you can use Maximum 0.10 lot (0.02+0.03+0.05 = 0.10 lot is the addition of all your open trade lot sizes). 0.10 lot should be your maximum open lot on your 1000$ trading account. 10,000 USD balance = 1 lot maximum (Example : 0.25 lot x 4 orders = 1 lot) 50,000 USD balance = 5 lot maximum (Example : 1 lot x 5 orders = 5 lot) If you are more emotional(tension, sad, greedy) while trading, You can change your leverage below 1:50 to control your emotions. *SUBJECTED TO MARKET RISK Understanding the importance of each or these trading rules, and how they work together, can help traders establish a viable trading business. Trading is hard work, and traders who have the discipline and patience to follow these rules can increase their odds of success in a very competitive arena. Personally, I like to use a system that has the highest reward to risk, which means that I tend to look for turning points at support and resistance levels because these are the points where it is easiest to identify and quantify the risk. Support is not always strong enough to stop a falling market, nor is resistance always strong enough to turn back an advance in prices. However, a system can be built around the concept of support and resistance to give a trader the edge required to be profitable. THANK YOU TEAM FXSIGNAL]
Long
by E_R_S