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Author Topic: EURCHF - Long  (Read 6989 times)

Offline forexfish

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EURCHF - Long
« on: January 19, 2015, 12:10:48 PM »
It has messed up a lot last week, because of extraordinary appreciation for CHF pairs, I expect some retracement as well in the next couple of days. I have placed some Long trades for EURCHF in the range of 1.0 with TP 1.02, 1.03, 1.04, 1.05 and SL 0.97.  But everyone should consider his way and be careful for this pair.

If rate will go to 1.02 then I will move my SL to breakeven 1.0.
« Last Edit: January 19, 2015, 12:21:53 PM by forexfish »


Offline forexfish

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Re: EURCHF - Long
« Reply #1 on: January 19, 2015, 06:19:53 PM »
It has messed up a lot last week, because of extraordinary appreciation for CHF pairs, I expect some retracement as well in the next couple of days. I have placed some Long trades for EURCHF in the range of 1.0 with TP 1.02, 1.03, 1.04, 1.05 and SL 0.97.  But everyone should consider his way and be careful for this pair.

If rate will go to 1.02 then I will move my SL to breakeven 1.0.

Closed my first trade with 200 pips TP and move SL to 1.0, look forward to see the remaining trades at TP in the next couple of days.  :)


Offline forexfish

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Re: EURCHF - Long
« Reply #2 on: February 27, 2015, 08:19:50 PM »
It has messed up a lot last week, because of extraordinary appreciation for CHF pairs, I expect some retracement as well in the next couple of days. I have placed some Long trades for EURCHF in the range of 1.0 with TP 1.02, 1.03, 1.04, 1.05 and SL 0.97.  But everyone should consider his way and be careful for this pair.

If rate will go to 1.02 then I will move my SL to breakeven 1.0.

Closed my first trade with 200 pips TP and move SL to 1.0, look forward to see the remaining trades at TP in the next couple of days.  :)

It was good opportunity, instead of 1.05, it already crossed 1.07.  Still I think some room for further CHF weakness, just thinking which pair to choose against CHF, may be GBPCHF or USDCHF is best way to go but ofcourse on broker with negative balance protection.


Offline uzakon

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Re: EURCHF - Long
« Reply #3 on: July 28, 2015, 04:36:13 PM »


The indicators of the chart are positive but went overbought last night and still are a little suggesting a correction that will probably take back the cross toward the start of the last up leg the most steep one, that started more or less around 1,0580. The decline below 1,06 is a buying opportunity.

Offline Forex Verified

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Re: EURCHF - Long
« Reply #4 on: August 27, 2015, 07:18:40 PM »
Quote from: uzakon link=msg=345644 date=1440667894



The EUR/CHF pair fell during the course of the session on Wednesday, but continues to bounce around overall in the consolidation area that we have been stuck in for several sessions out. After all, the 1.08 level looks to be a bit of a magnet for price, and as long as thats the case, we are simply on the sidelines.


Still, EUR/CHF is prone to central bank manipulation. Be careful with this one.
If it's not verified, don't buy it - www.forexverified.com

Offline uzakon

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Re: EURCHF - Long
« Reply #5 on: August 28, 2015, 05:59:35 PM »
Quote from: Forex Verified link=msg=345693 date=1440699520


Still, EUR/CHF is prone to central bank manipulation. Be careful with this one.


Thanks! I will be careful!

Offline uzakon

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Re: EURCHF - Long
« Reply #6 on: November 19, 2015, 04:36:51 PM »


The EUR/CHF pair broke higher during the course of the day on Wednesday, testing the 1.0850 level. We believe that this market ultimately goes higher based upon Swiss National Bank intervention and meddling, but we also recognize that it will be a slow grind. After all the Euro is struggling to say the least, so although we are very bullish of this market, we recognize that moves will take quite a bit of time to pan out. We have notched in selling, there is an obvious support barrier near the 1.0750 level below

Offline uzakon

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Re: EURCHF - Long
« Reply #7 on: November 20, 2015, 04:43:03 PM »


Above 1.0917 will turn bias to the upside for retesting 1.1049. However, sustained break of 1.0732 cluster support will dampen our view and bring deeper fall.


Offline uzakon

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Re: EURCHF - Long
« Reply #8 on: November 25, 2015, 04:21:58 PM »


The EUR/CHF pair initially tried to rally during the course of the day on Tuesday, but turned around at roughly 1.0850 in the middle of the session. With this, we formed a shooting star and that of course is a very negative sign. However, there is a significant amount of support all the way down to the 1.0750 level, and any supportive candle in that region should have buyers stepping back into this marketplace. We believe that the market will then try to reach towards the 1.09 level as we continue to consolidate overall.

Offline uzakon

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Re: EURCHF - Long
« Reply #9 on: November 26, 2015, 01:29:44 PM »


Intraday bias in EUR/CHF remains neutral for the moment. Overall, price actions from 1.1049 are viewed as a sideway corrective pattern. We'd still expect strong support from 1.0732 cluster support (38.2% retracement of 1.0233 to 1.1049 at 1.0737) to complete the correction and bring rebound.

Offline uzakon

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Re: EURCHF - Long
« Reply #10 on: December 10, 2015, 08:19:44 PM »

Intraday bias in EUR/CHF remains neutral for the moment as consolidative trading continues. In case of deeper fall, we'd still expect strong support from 1.0732 cluster support (38.2% retracement of 1.0233 to 1.1049 at 1.0737) to complete the correction and bring rebound.

Offline uzakon

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Re: EURCHF - Long
« Reply #11 on: December 14, 2015, 05:58:56 PM »

Above 1.0938 will target 1.1049 resistance. However, sustained break of 1.0732 cluster support will dampen our view and bring deeper fall.

Offline uzakon

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Re: EURCHF - Long
« Reply #12 on: December 16, 2015, 06:44:43 PM »

EUR/CHF is still staying in consolidative trading and intraday bias remains neutral for the moment. In case of deeper fall, we'd still expect strong support from 1.0732 cluster support (38.2% retracement of 1.0233 to 1.1049 at 1.0737) to complete the correction and bring rebound.

Offline uzakon

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Re: EURCHF - Long
« Reply #13 on: December 18, 2015, 05:51:12 PM »

EUR/CHF is still staying in consolidative trading and intraday bias remains neutral for the moment. In case of deeper fall, we'd still expect strong support from 1.0732 cluster support (38.2% retracement of 1.0233 to 1.1049 at 1.0737) to complete the correction and bring rebound.

Offline uzakon

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Re: EURCHF - Long
« Reply #14 on: January 27, 2016, 05:33:02 PM »

EUR/CHF surges to as high as 1.1059 so far and intraday bias remains on the upside. The break of 1.1049 resistance and acceleration suggests resumption of larger up trend. Further rise should now be seen to 61.8% projection of 1.0233 to 1.1049 from 1.0732 at 1.1236 next.

 

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