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Eurchftrade

EURCHF Sell to 0.96000 (Update)(Update on last week's callouts) As expected, EURCHF retraced back to 0.97 only to reject it. Check the related idea linked below. For this week, fundamentals remain the same (if not worsened for the EUR). We remain bearish on this pair. Anyways: We have entered a short-term swing position to add to our long term position at the H4 bearish engulfing. Tomorrow we will be looking for lower highs to form in the lower timeframe and enter day trades aiming at 0.96. Follow to stay up to date for our new ideas! Happy trading 👽🥂
Short
by rob_WRLD_
2
EURCHF Sell to 0.95000 (Update)Fundamentals: EUR : Same concerns as last week. Energy crisis heading into winter. CHF : To capitalize as a safe-haven in the Eurozone along with SNB recently becoming hawkish with intent to raise rates above negative. Technicals: There are really no past data that we can look at to identify key levels for potential market reactions. Price currently at an impulse leg after breaking 0.97 key level. Next levels price could go to would be 0.96 and 0.95 psychological levels which could have some sort of reactions. Potential rejections of said level would offer scale-in opportunities around 0.97 again to target 0.95 which is the target of many major firms (stated in paid research). What do you think? Cheers!
Short
by rob_WRLD_
EURCHF Sell to 0.95000 (update)Technical Commentary: Price has successfully rejected 0.98200 as forecasted and has create a new swing high and a new swing low at it breaks 0.97000. Was able to enter a long term swing after initial rejections of 0.98200 with a generous stop loss at next break of structure. Also able to enter a sale-in short position after intra-day bullish structure was broken via a break and retest set up. All stops are now rolled to breakeven. Will seek for more scale-in opportunities. Fundamentals: EUR: To continue facing energy crisis heading into winter, political instability, lack of market confidence on TPI CHF: To act as a safe-haven currency in the Eurozone as they head into more difficulties, SNB starting to become more hawkish by the day bringing rates above negative More fundamentals on weekly commentary paper for only $19 per month What do you think of EURCHF? Where would you have entered?
Short
by rob_WRLD_
EURCHF BUY TRADE IDEAEURCHF Daily structure we have been bullish. Current market structure shows us currently around a possible Higher low. 4H downtrending but have finally show bullish momentum by closing above previous high. Looking to enter trade at a higher low by looking at lower timeframes for entry. 1H we have closed above previous high and created a new trading range. Fibonacci is placed from low to new high and anticipating a retracement in the snipe zone 78.6% - 88.6%. Entry is at the last bearish candle on 5m timeframe within the snipe zone. If price continues to go above high before hitting entry, will update trade for next possible entry!
Long
by nonstopkev888
EUR/CHF 4HR SELL SET UPHi TRADERS this is my trade set up for the EUR/CHF I can still see the EURO being on the back foot again this week with the Russian and UKRAINE conflict still no end in sight, Europe could be on the brink of war so for me I am only looking for sells against EURO, and in times of uncertainty or war the CHF is a safe haven currency EUR/CHF Looking for a pull back in to the order block zone and I am expecting a rejection for a sell trade This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please like comment and follow
Short
by Costy13
1