POSSIBLE BEARISH CONTINUATION The analysis of higher time frame data suggests that the current market trend remains bearish. It is advisable to maintain this perspective.
Upon examination, it is observed that the price has diverged from the two-hourly order book (OB), leaving behind a favorable volume gap (FVG) below it. This has resulted in the creation of internal liquidity that will need to be swept and interact with the OB.
Entering the market from the OB at this point is considered a risky proposition. It is important to await a change of character in the price after reacting with OB.
Therefore, it is recommended to observe and monitor the market situation closely.
EURCHF
EURCHF - Now OverBought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, attached on the chart, we have been looking for buy setups around the lower bound of the red channel.
EURCHF traded higher and it is now approaching the upper bound of the channel again.
Moreover, the zone 0.97 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance.
As per my trading style:
As EURCHF is sitting around the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Knowing that EURCHF can still test the 0.97 resistance before going down.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF Sell opportunity near the top of the Channel Down.More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target:
The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a similar pattern as March 02. We are taking this as a sell signal, targeting Support 1 at 0.941850.
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Triple Zigzag Is Done !! One Leg Too The UpsideHey there, my dear friends! I hope you all had a productive week!
I am at your service, and if you're interested, you can find my previous analysis below each description, along with all relevant updates. This should give you an overview to help you make informed decisions.
Now, I want to draw your attention to something important. As a trader, the main responsibility is to reduce the risk, eliminate it after the transaction and ultimately preserve the profit.
Let me share a quote from Mr. Jeffrey Kennedy, one of the most valuable analysts of the Elliott Wave Principle: "Amateur traders focus on the possibilities that might happen. Professional traders focus on what is happening and execute the trade."
As a fan of the Elliott wave principle, I would like to share my market analysis ideas with you. Please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am willing to re-analyze it from scratch and learn from my mistakes. However, it's important to understand that the error in the analysis is not a defect, but the avoidance of responsibility is.
I analyze from multiple perspectives to consider all possibilities. So, let's list some ideas based on the Elliott wave principle.
Please keep in mind that no one can analyze financial markets with 100 percent accuracy, but it's remarkable how close we can get. Thank you for your continued support, and I look forward to our mutual success.
With respect,
Mr. Nobody
Keep trying and never give up. Good luck!
EURCHFH4 | Bouncing off support level?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.9570, which is a pullback support.
Our take profit will be at 0.9615, which is the pullback resistance ex. The stop loss will be placed at 0.9534, which is an overlap support level.
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EURCHF ____ INCOMING BEARISH MOVEHey Guys,
Longtime since I made a post. Been busy with personal stuff. I do hope trading has been profitable for you.
Now, what you will notice on the weekly timeframe is a bearish CHOCH and price on the daily timeframe is approaching the weekly supply orderblock while creating a 'W' pattern.
Once price trades into the supply orderblock, I will be interested to see if my trade setup will form so I can take a short trade.
Keep this pair on your radar.
Follow for more updates like this.
Cheers,
Jabari
EURCHF I Inverted head and shoulder will keep growingWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURCHF ↗️Hello Everyone 🙋🏽♂️
🟢 0.95335
🟢 0.95640
🔴 0.94710
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $.
Don't forget to hit the like bottom and write a comment to support us.
Follow us for more 🙋🏻♂️
Best Regard / EMA Trading .
Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
All My Entries&Secrets How To Made More Than 1500 Pips Per Week This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Daily Wave Rider - EURCHF - SELLEURCHF
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 0.94567
Stop Loss: 0.95027
TP01: 0.94107
TP02: 0.93187
DWR present as a sell setup on 27 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: SELL
DXY: BUY
OIL: BUY
GOLD: BUY
Strifor || USDHCF-10/26/2023Preferred direction: BUY
Comment: The franc, which was also in demand as a safe asset amid the worsening geopolitical situation, also cannot withstand pressure from the American currency. At the moment, all metrics indicate a likely continuation of the growth of the currency pair, however, it cannot be ruled out that against the backdrop of another aggravation in the political arena, the franc may rise against the dollar, while all other currencies will fall against it.
Thank you for like and share your views!
TradePlus-Fx|USDCHF: Frank's Power💬 Description: The franc is one of the safest assets in the market, just like metals and the US dollar, which is needed to buy US bonds. However, the franc is in greater demand than the US dollar at the moment, and even in the event of another rapid strengthening of the US currency, USDCHF will most likely fall.
At the moment, the currency pair is trading at the level of 0.89303, which a little earlier was a key area for buyers (Push-volume area). Most likely, these volumes are now being consumed for the next downward movement. There is an entry point, and the downward movement target is set primarily at the level of 0.88500 , the second target is 0.87757 (daily support).
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