EUR/CHF

I think
, now it's still a bit high.
maybe it's done, correction.
new opportunities can come, but it will take some time.
I'm waiting now.

the trusted situation is rare, sometimes it should wait for up to a month.

and even then there is a risk of doing a new level.

to survive this time, again standing water.

there is now no level that would really be convincing.
up or down.

i'm buying dips and looking for a move towards 1.20 and then 1.23 before taking profit

this pair is like an ATM machine

Hello dear traders,


For many years now I am only following the POC principle.

The key "Equilibrium"

1. The price is determined by supply and demand in each market.
2. Any influence on the price will be returned from the price
3. Before the price moves up or down, a balance between supply and demand creates a balance.
4. If this balance is disturbed, the price moves in the direction of supply or in the direction of demand.
5. The price moves as long as supply or demand until there is a balance again. Then the whole thing starts from the beginning.
Most candles are where there is a balance. We do not want to trade there, when the price is not moving very much. So we have to act when there is no balance.


On 15.01.2015 there was the franc shock


Let's take a look at what happened to the USDCHF.





The price slipped from 1.018 in seconds to 0.855 (1.600 pip). But already after 49 days the course came back into the POC zone. What happened? The price went down about 1,000 pip for the next 50 days.


Let's look at the EURCHF


The price dropped within seconds from 1.20 to 0.97. (2,200 pip)






The course has still not made it into the POC zone after 940 days. Now we are nearing a decisive phase. I think we will reach the zone relatively quickly. And then?

Now I recommend you to watch this zone as you enter the course. As it seems, the zone could push down the course and give us some good shorts.


I wish you a nice evening

Thanks for that> I think you may have something there. Long traders beware after 1.20. It is likely to retrace.

1.168 might be a good level to buy from

I think it's a good buy for the current level.

EURCHF on track to retrace 2015 SNB move
The pair developed a bullish channel and in case of a breakout of the higher side EURCHF could be projected near 1.20, a 100% retracement of the Swiss National Bank event of January 2015. The channel has a width of 230 pips thus below the lower side of the channel EURCHF is supposed to drop at least 230 pips.
https://www.fxstreet.com/analysis/eu...e-201711150844



It has dropped below that channel. What do you guys think? 250 pip drop?

this pair is a very interesting. nor the support, control levels do not work. not the trend channel does not work in general. trying to see forward a max of a week.
but what you say is good.
may.

this current trend channel should not be misleading.
can not be calculated for long distances.

i think that buying the dips is a good idea

correction has been made, maybe, again +, -

correction is still in progress, have to wait for the pair to find support on the daily chart before buying

I think, good

the main thing about this couple is that there is no support. just + -
otherwise misleading.

this pair is broken and I am not sure how far down it will continue to go

1.15, 1.14?

"EURCHF on track to retrace 2015 SNB move
The pair developed a bullish channel and in case of a breakout of the higher side EURCHF could be projected near 1.20, a 100% retracement of the Swiss National Bank event of January 2015. The channel has a width of 230 pips thus below the lower side of the channel EURCHF is supposed to drop at least 230 pips. "

I had the above in my notes from an article 2017.11.15 (forgot to get the link).