$EURCHF Trade Setup

Dear Traders,
I'm back in action after tech problems was solved.
I have got a grate opportunity on $EURCHF, as you can see in the chart above, 1.3500 finally was broken by the pair and a large bullish move was appeared.
If you change to the daily chart, then you can see a resistant line near 1.3670 (20/07/2010) and another prove is a nice ABCD pattern that can be seen in the chart.
ABCD pattern is the mostly known pattern in the market and you can see a brief discription of this pattern in the picture above.
The most common signal is to sell at D. Now you can see in $EURCHF, AB=CD and time of AB is absoloutely the same as CD and price is near that mentioned resistant line.
So exactly near that resistant line I'm looking for a short signal, bearish H4 candles will be a good confirmation of a short signal.
Profit target of this short setup is near 100pips and is to reach Hourly 20sma.
But if you see again the H4 chart above, there is an upward channel and it shows us that the overall trend is bullish and I'm looking for a long signal in this pair as I like 1.3900 level to be reached (Daily 200sma).
So it's good to see the price action near hourly 20sma or 40sma and the best signal is if the pair goes back to around 1.3500 level again and go long there.

Wait for further articles and setups for this pair and I will tweet about setups.

Have a nice Sunday.

$EURCHF, the last attempt

Hello everybody,
We had got another short attempt on this pair before with 30pips profit in our first position and got stopped out in the 2 other positions at break even. (you can see it here)
Now we are going to try it again, In the chart above there is a triple top pattern that shows us the attempt to break 1.3500 was hard and this pair was not successfull of doing this.
So I'am looking a for another short setup here which its confirmation is breaking the short-term trendline.
Any candles that closes below the trendline will be a good point to go short but in this case we have to use a larger stop loss(I will tweet about the exact entries and setups), In other case we can wait for the price to retest again the trendline and then selling the pair.
If you don't want to trade the trendline method, So you can wait for the great short-term support (short-term support 1 in the chart above) to be broken and in H1 after a close below it you can go short.
Second short-term support is our first profit target, the 200sma in H4 is the second profit target and looking for around 50% to 61.8% Fibonacci from 08.09.2010 to 08.10.2010 is our third profit target.

I will tweet about this setup.

Regards,

$EURCHF short setup

Please have a look at my last article about this pair here.
As I mentioned in my last notes about this pair the trendline was broken and now price is retesting it from below.
It is exactly the same as EURUSD (My last article for this pair) but it's a great rule in the forex market not to overtrade and improve our trades with an awesome fact.Let's read some sentences about this fact:
For example : We are going to go short on EURUSD and EURCHF so we want to trade EURO weaknesses , but the fact that you must know here is not to trade EUR against another currency that is exactly in a down trend. In our example USD is bearish and we all know about economic problems in US. so trading EURO weaknesses against USD weaknesses in ridiculous now , but there is another approach for CHF here , Swiss Frank is extremely bullish now, so going short EURCHF means trading EURO disadvantages against CHF advantages.
For now let's go back to our setup , I want to see a nice bearish H4 candle near that trendline that closes below 1.3317 and then I will go short.
Note that in case of a bearish trend , the first support line is placed at 1.3270.
This pair is absoloutely is below the 200sma on H1 and didn't find anyway to break it (Second pic above)

Follow my tweets for this setup.
Thanks

$EURCHF finally decided what to do next

Before reading this article please have a look at my previous technis for this pair here.
The trendline was broken and this pair finally changed its trend.
So we are waiting for the trend to form completely and after a pullback we can go short.
Follow me on twitter for the next articles and trade setups for this pair.

Thanks

$EURCHF opportunities

Hello traders ,
There is a great opportunity on EURCHF pair as it retested daily trendline.
Let's see the Daily chart :

On the daily chart we can see the green dotted line as a great trendline in this pair.
Price retested this trendline yesterday and also today and it jostled the line and went back below it.
We have got another trendline which is the short-term one ,exactly in the 4hour time frame.

So let's zoom in to the H4 chart :

We have got 2 possibilites here , long or short?
when the short-term trendline be broken then look for a pull back to retest it and after a bearish candle we will put the short button of our platforms.
On the other hand we are looking for the resistant line around 1.3500 to be broken and a pull back around 1.3500 to go long.

Have a nice weekend and don't forget to follow me on twitter for the live signals and other updates.
Thanks