Results 1 to 5 of 5
  1. #1
    Jay_MTF is offline Junior Member
    Join Date
    Nov 2008
    Location
    Woodbridge, Ontario
    Posts
    105

    Default What do you guys think of a EUR/CHF short?

    The e/c looks like its in a similar setup to Pipcrawlers pick of the day Usd/Jpy short, so I'm thinking of shortong this as well. I got a 50 pip r +r in place. Any comments? Ideas?


  2. #2
    neSSa is offline Banned Junior Member
    Join Date
    Apr 2009
    Posts
    52
    It is hitting today's high at 1.5141 francs per euro and is starting to correct downwards, after the good macro data from Switzerland. If the pair rebounds, it could go up to 1.5150.

  3. #3
    Tint is offline Banned Newbie
    Join Date
    Nov 2011
    Posts
    51
    EUR/CHF is holding very well above the 200 days line at 1,2274. Yesterday it confirmed a session of consolidation forming a new inside day with 1,2415 – 1,2270 the levels to follow in the coming hours. The indicators of the daily chart are still positive but those of the s/t ones remain mixed supporting further consolidation.
    While below 1,2385 we could still see an extension of the correction toward the 1,2262 level where we find today the 200 hours line. A break above 1,2385 confirmed by an hourly closing will instead support a move up confirming also a positive reversal in the hourly chart suggesting a s/t target at 1,2595!!
    I remain on the sideline; we suggest waiting for lower levels to buy.

  4. #4
    Tint is offline Banned Newbie
    Join Date
    Nov 2011
    Posts
    51
    EUR/CHF confirmed further consolidation interior the inside day with 1,2415 – 1,2270 still the levels to follow in the coming hours. Only a daily closing above 1,2415 will support higher levels.
    The indicators of the daily chart are still well positive as well as those of the weekly one where we had as well a strong closing well above the top of the previous week! In the s/t charts we have instead a mixed picture suggesting some consolidation. Possible a drop toward the 200 hours line at 1,2288 if not even alittel lower move that we want to buy.
    I remain on the sideline!
    I believe forex news - easy

  5. #5
    Tint is offline Banned Newbie
    Join Date
    Nov 2011
    Posts
    51
    EUR/CHF formed a negative day reversal after the 1,2440 overshooting where it found good resistance. Only a daily closing tonight below 1,2375 will confirm a s/t top causing further weakness!!
    The indicators of the daily chart are still well positive but those of the s/t ones turned below the line following the correction. Possible therefore further weakness suggesting an extension toward the 200 hours line at 1,2334. This drop is in our view a nice buying opportunity for a 1,25 overshooting!!
    Forex news - easy.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"Wisdom is not a product of schooling but of the lifelong attempt to acquire it."
Albert Einstein