SAMT Blog
bearish signals on the EUR/CHF - what to look out for now
23. September 2023, by James Touati
Technical Analysis, Wolfe Waves, harmonic patterns
Today the 21st of September 2023, The Wolf of Zurich (The WOOZ) offers you a technical analysis on: EUR/CHF. All the target estimates are on the graph. Below the graph, James D.Touati will make commentaries about the EUR/CHF, thanks to the WOOZ Method!
Indeed, The WOOZ detected a potential Bearish GARTLEY which brings the EUR/CHF to the PRZ mentioned on the graph.
- EMA-weekly.50 and EMA-weekly.200 are potential targets.
- For Bollinger Bands purists: on the rise we can reach 0.98176, and on the decline 0.95000.
- The "WOOZ Method" brings the price to: 0.97528 on the rise and on the decline 0.95976.
Before finishing, don't forget these 7 stock market rules:
- calculate your risk.
- “GREED is BAD“! Take what the market gives you! You do not decide what you will earn. THE MARKET DECIDES!!
- “CHARTS NEVER LIE!! “
- Doing Nothing is also trading!
- Loss is part of the trader’s PERFECTION. You MUST accept it to then win! It’s MINDSET!!!!
- PSYCHOLOGY: Control your emotions, and stay cool!! Remember to spend time with your loved ones because Trading is isolating! Exercise, eat well and get enough sleep!!
- Don’t forget to take your profits on the 50% Fibonacci (60-80%), then “Stop breakeven” on your position. You are aware that if the market proves you right and you let the remaining 20% run, very often your 20% will bring you more than the 60-80% collected ;-)
Be attentive and careful! Good trades and please share.
For more details, you can contact me on Linkedin or Tradingview.
"PAKA PAKA" ;-)
The Wolf of Zurich.
About the author
James D. Touati aka. The Wolf of Zurich is a French trader specializing in futures and CFD trading, a technical analyst and stock market trainer. In a pursuit of earning a living from trading, he has developed a profitable trading method successfully, consisting of a mix of tick data, Ichimoku, Fibonacci retracements, levels and Wolfe Waves.
credits: The Wolfe Wave pattern was originally developped by Bill Wolfe from New York. More information on his website.
James does not only speak 5 languages fluently (French, English, Russian, Spanish, Arabic), but with his solid industrial experience (former CEO JB aviation (Hong Kong), former Chairman M9 global group (link PETRONAS), former Partner CHINESE BUSINESS CLUB (Paris) he is a proven global entrepreneur as well.
Furthermore he has got a background as an intermediation and interconnection specialist for the oil&gas and the aviation industry in the Middle East and East countries.
Disclaimer: All methods, techniques, charts, analysis or results presented in this SAMT Blog are for educational purposes only. The information provided should not be construed in any way as a recommendation to buy or sell any financial instrument. You should always consult with your licensed financial advisor and tax advisor to determine the suitability of any investment to your particular financial situation. The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity. SAMT and its affiliates, directors or agents will not be held liable or responsible for your investment decisions.
SAMT nor any of its affiliates, directors or agents are a financial advisory service, nor a licensed financial advisor and do not provide financial advice whatsoever in any financial product.
Further it should not be assumed that any methods, techniques or indicators presented will be profitable or that they will not result in losses. Past results of any individual trader or trading system presented are not indicative of future returns by that trader or system, and are not indicative of future returns which may or may not be realized by you.
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