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EURO has hit its minimum target for the ending diagonal on the daily chart. Next week can start to watch for potential shorts in EURO in general. Strong pairs like EURAUD, EURCAD and EURNZD would provide indicator for weakness in EURO in general. EURGBP at 8940-9050 should either breakout or breakdown from there. EURUSD is a tough trade honestly and any EURJPY ...
Seems there is one last trick for general Euro strength until it breakdown. Ending diagonal structure still in place.
Looking at the day chart of CHFEUR we can see, that we are currently in an uptrend (yellow line) which has recently startet its correction (yellow dotted line).
Looking at the 1H chart, we can see that the correction behaves as a downtrend (pink line).
We want to SHORT CHFEUR at around 0.8776 (red dashed line) with a SL at around 0.8798 (green ...
After an uptrend, CHFEUR shows some weakness and struggles to produce a new high.
Looking at the current situation, we can try to short CHFEUR at around 0.8787 which is the red dased line.
If the chart crosses this level, we will se a broken trend by definition and can expect some downwars movement.
Trading the movement with a TP ...
A day or so ago the candles formed a bullish bat. The RSI looks good and the support trend line is also aditional support. I placed the SL at the next resistance/support. Im still thinking of taking it down just benieth it to let some room for the price to bounce back of it incase it would drop as far. TP ar as always at 0.382 and 0.618.
Let me know what u think :)
It seems like we are waiting for some big news.
CHF is now in a reversal zone against EUR, but the right news at the right time will push CHF very high.
So CHF is in a range for the past 3 years, but current fear in the world has boosted its valuation. A historical look show that every peak above the channel top with RSI above 70 on the daily chart has been in anticipation of a turn down. We're gonna bet on history repeating itself.
- Peak over strong channel top
- RSI and Stoch overbought (which has been a good ...
Start value: 0.8629
Why: It just got repeled at 0.8636. It tried to stay on top of it for a few hours but it lost it's steam and went under.
Stop loss: 0.8643
Why: Intersection with the channel it is in now, possibility to break out of it.
Exit 1: 0.86
Why: It intersects another possible resistence level
Exit 2: 0.8586
Why: intersection with an older support line ...
Currently the market is accumulating longs while waiting for ECB to hike. SNB should follow up with a hike and this thing should shoot up.
Caution: Your broker might increase the margin requirements.
Spotted a flag reversal pattern that has occurred. Price should hopefully drop below the structure of the pattern.
The CHF has successfuly retested its wedge but has been unable to accelerate higher. Given the current small time pattern, I'd expect a small move up followed by a second retest of the support zone.
Should the pass of least resistance still be the upside, the uptrend should then resume.
IF BREAK DANCE............... FOLLOW ARROW
The pair is forming a trend continuation pattern to the upside & on the smaller time frame as well.This trade has a huge potential & we can make a lot of money by using simple strategy that we normally use we will just protect our profits in this by moving our stops timely throughout the week.I would not be uploading when and how to move the stops.
Euro is starting January with a selective middle ground. Great against weaker currencies like USD and GBP and weak against stronger ones like AUD, CAD, NZD. Euro is practically nowhere with Yen. Great for range trades but sticking with EURUSD EURGBP as longs and shorting Euro with AUD/CAD/NZD.
CHF too expensive in EUR terms
I expect a rate cut by the SNB.... if not...they will intervene directly.
Long until 0.9204 until March 31st then down to around 0.9095. Let's see the outcome in a few days.
Use the screenshot below to readjust the scale:
Weekly and daily paint a bearish picture for the Swiss franc overall.
It's interesting to see how well time at mode has mapped the different moves, timing or predicting price and time levels.
Next week after the close a weekly uptrend signal will have expired, but the interesting part is that the target has been exceeded and an interesting high might have been ...