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EUR/CHF

Quoting Klforexr
Fundamentally is Euro Zone really in the trouble, especially at Italy, Spain, and Portugal. These countries really in cash-trap and the ECB can't bail all of them out!

Technically the EUR/CHF is in 4th WAVE of Elliot WAVE. The third Wave was finished at 1.01 yesterday and now the pair is zig-zag and waiting for the 5th wave to resume. Be really to sell again guys.

Happy trading!
I wouldn't know elliott wave from a day at the beach, any predictions on where this will go based on EW?

PS whilst I said above that we could be coming to the end doesn't mean the old dogs not gonna go lower still, for now.
Long EUR/CHF 1.0316. Target 1.1316. SNB is massively pissed off - plays with idea of negative interest rates. First time for the last 40 years that SNB is thinking about it...
________________________________ Errare humanum est
Any reason why volumes and activity have dropped off significantly since yesterday?
Quoting Klforexr
Fundamentally is Euro Zone really in the trouble, especially at Italy, Spain, and Portugal. These countries really in cash-trap and the ECB can't bail all of them out!

Technically the EUR/CHF is in 4th WAVE of Elliot WAVE. The third Wave was finished at 1.01 yesterday and now the pair is zig-zag and waiting for the 5th wave to resume. Be really to sell again guys.

Happy trading!
where do you think the 4th wave correction will end?
Shorting at 1.0410 saw m15 candlestick waiting to confirm. Need to add short is closed. Waiting for next move beloe 1.0510
Welcome Traders

Markets have slowly calmed down and eased a little so let me be the first one to post some quick technical analysis of EURCHF in recent hours.

EURCHF is declining in a small downtrend channel.
In my opinion there are two scenarios available in next 24 hours.
1. the pair will set up a solid resistance/support around 1,0250 zone and bounce up to 1.0700 area
2. the pair will break through 1.0250 zone and will try to retest 1.0000 area or even break it.

If EURCHF touches 1.0250 it will be crucial for future trends if it will retain or break the support (PINK LINE)

RED LINE = prediction line
Attached Image (click to enlarge)
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Read Charts - Not Papers
SNB says peg to Euro is legal (Bloomberg)



of course this is just speculative talks now.. let's see where we go from here..
Today EUR/CHF +5.5% WTF? Intervention?
Looking for short window. I hope it works out, take some 100/200 pips from here should be good.
Attached Image (click to enlarge)
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Look like 1.0915 is a great entry for sale.

Happy Trading guys.
Wow, First time i see so much pip up in 1 day.

Will they still pushing it?
small entry..sell 873 sl 921
Trader from Croatia
I went in at 1.08718.... hoping for 40pips.
Quoting Geene
small entry..sell 873 sl 921
TP 836..ha-ha.. ( +37 )
Nice.
Trader from Croatia
Quoting Geene
TP 836..ha-ha.. ( +37 )
Nice.
50 pips hoping for big downtrend.... sl now at 30pips
Quoting Unknownpips
50 pips hoping for big downtrend.... sl now at 30pips
Niceeeee
Trader from Croatia
Closed though. SL hit . Looking at H1 chart and looks like perfect sell now... Downtrend will resume. Hate it when this happens...
Attached Image (click to enlarge)
Click to Enlarge Name: eurchfh1.png Size: 30 KB
Good for Geene!!!

Yes, I sold heavily at 1.0880, just closed it at 1.0815.

See you at the Top!
Guys… here is some funny story for you for today’s evening.

As you could see on my previous chart I was targeting 1.0250 area today.
I entered 1 lot size SHORT position at 1.0525 and after an hour I was pretty nice 900CHF in profits, somewhere half way to reach my target for today.

I had to leave my “trading station” for an hour or two as I had a meeting.
I was hesitating for a while whether to leave my position “naked” or “hedged”. I'll be back soon anyway, isn't?
Well, after all I left it with STOP LOSS at breakeven, more likely as a formality as current price was far enough to make me sure it will definitely not hit my stop-loss within next hour.

Boom! You know what have happened. When I returned, my position was closed with some 5CHF loss.
But it scared sht of me when I saw what would have happened if I DIDN’T leave my stop-loss. Guys, I would be down nearly 4000CHF in 2 hours.

So another lesson to me…
ALWAYS KEEP your position hedged, even if going out for a short 10 min walk with your fkng dog. ALWAYS!!!

--
Read Charts - Not Papers
Quoting halkins

So another lesson to me…
ALWAYS KEEP your position hedged, even if going out for a short 10 min walk with your fkng dog. ALWAYS!!!

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Its a pity. Feel for you man. Really unlucky. I try to ensure I am always on profit - I don't do this break even sometimes. Especially if the trades in the middle of a trend. Also hit a max target if I am not there to watch things.

Hey theres always another day right?

BTW its screaming short atm.
Attached Image (click to enlarge)
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