Read more about this trade and many others on my personal trading blog. EURCHF has pulled back to support — a major support level established when the Swiss National Bank declared it would defend the 1.20 level on EURCHF back in 2011. This image has been resized. Click this bar to view the full image. The original image is sized 1184×705. The chart above illustrates the trade setup; it is basically risking 53 pips to gain 256 pips, resulting in a reward/risk of a bit under 5:1.

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By: Dima Chernovolov This technical analysis report is based upon a trade opportunity taken from Autochartist’s Market Reports.   EUR/CHF continues to fall inside the 4-hour Up Channel that was previously identified by Autochartist – as you can see from the following trade alert for this currency pair. The price is set to break this…

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To answer the question in the title, I suppose it depends on the rate you’re looking to enter at. The chart below illustrates how I see it; the black line is where my entry order to short it, while the red is my stop and the green is my target profit. This gives me a reward/risk of about 3.5. Unfortunately, based on price action, I don’t think I’m going to get filled on this, but I don’t plan on chasing price and will take not getting filled over getting filled at a price worse than what I demand. See original post: http://www.informedtrades.com/blogs/simit-patel/13671-too-late-trade-eurchf-reversal.html – Simit Patel, InformedTrades.com

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Overall sideways mode: The overall mode for EUR/CHF in the 4H chart is sideways. The flat 200-4H SMA and the fact the RSI has tagged 70 and now 30, suggests there is no clear direction. The most recent price action has been a bullish swing from 1.2218 up to 1.2465. That attempt to establish bullish momentum and trend failed as price fell back below a rising trendline from the 1.2218 low and pushed the 4H RSI below 30…

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Breakout: The EUR/CHF has been consolidating roughly between 1.2218 and 1.2365. In the previous update, we noted the EUR/CHF’s retreat from consolidation resistance, but also respect of the 1.2285-90 central pivot area, which kept a bullish bias within consolidation. Price action then followed with a break above the consolidation resistance as shown in the 4H chart…

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Consolidation range: We were looking at the EUR/CHF as it was trading at a recent consolidation range resistance. There was a crack of the range resistance and the 4H RSI tagged 70. This breakout attempt failed a couple of times as a bearish divergence formed with the RSI, after which price retreated. Momentum: The RSI showed attempt to establish bullish momentum with the reading tagging 70…

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Consolidation range: Last week, EUR/CHF shifted from a bearish channel to a sideways one. We can say that it is in a consolidation range roughly between 1.2220 and 1.2360. A break above or below this 140-pip range has a conventional projection of another 140 pips. As we start the 7/2 session, EUR/CHF is at the consolidation range resistance, which is reinforced by a flat 200-4H SMA…

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Falling channel to range: After hitting a high for year at 1.2648, EUR/CHF retreated and was trading in a falling channel for a month since mid-May. As we wind down June, the 4h EUR/CHF chart shows a market that has shifted to a sideways range and has anchored out of the falling channel. The resistance of the range is at 1.2363, while support is at 1.2218. There is also a central pivot around 1.2295…

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Falling channel: After setting a 2013-high so far at 1.2648, EUR/CHF fell to 1.2221 during the the 6/13 session. The 4H chart shows a market in a falling channel. The RSI in the 4H chart shows some bearish development, and as long as the reading is under 60, the bias remains bearish. The moving averages reflect a sideways market. In the 4H chart, the market is bearish only in regards to the falling channel but has an overall sideways mode…

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By: Dima Chernovolov I recently subscribed to Autochartist’s latest e-mail feature and received this trade opportunity alert this morning. Autochartist’s latest feature provides traders with a quick morning technical outlook of the markets. EUR/CHF started this week on a sharply bearish note – in accordance with the following trade opportunity alert that I received for…

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