EURCHF Potential DownsidesHey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance area.
Trade safe, Joe.
EURCHF
EURCHF | COULD BE A GOOD SELL!Hey Traders,
Today we have a nice rectangle break into a forming decending triangle, with a bearish engulfing candlestick as confirmation, first take profit is at around 20 pips if we manage to break support this trade will drop a lot more. I also like the ma crossover and 12 hour timeframe has nice bounces off 200 MA line.😊📈
EURCHFEURCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.9690.
EURCHF - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: As we can see here price started to form higher lows and higher highs, it means I am looking for longs. I took into consideration that zone lower if price fills that huge imbalance and then rejects from bullish order block.
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EURCHF Short All timeframes are overbought with a lot of divergence on H4 and H1, there is going to be a previous week's high, and will be the start of the week which most of the time means that the trade will fall. There is a pattern on H 4 and it is currently the 3rd top. tight stop loss with the 1st target being 0.9619
EurChf could rise furtherSince the beginning of 2023, EurChf has been on a downward trend.
However, at the end of July, the pair found support just above 0.05, and after a month of consolidation and 4 touches of this support level, EurChf reversed to the upside and is trading now at 0.9680, exactly under an important confluence resistance.
Looking at the chart we can see that for a week now the pair has been pressing in this resistance and we could have an up break soon.
In such an instance, EurChf could rise further and the 0.9830-0.9850 zone.
#EURCHF ahead of a bigger correction to the downside -----------EURCHF SHORT-----------
After many days of sideways movement EURCHF currency pair has broken out from a consolidation area and now it faced a very tough resistance area and a trendline from the major downtrend. I think there is room for more correction to the downside at the moment at least if not a reversal and a downtrend continuation. We will see, however a short terms trade can be done here. I went short.
This is not a financial advise, do your own research and analysis.
Strifor || USDCHF-09/27/2023Preferred direction: SELL
Comment: The franc also allowed us to make money using our long trading idea. I must say even more, the price aggressively overcame the resistance level of 0.91475, which is very important. Thus, an approach to this level is expected in the near future as part of a retest. It should also be noted that in the medium term the buyer's power is great, and if the instrument does not close below the level of 0.91475 on the daily chart, then growth will continue.
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EURCHF ↗️ ↘️ Triple Bottom Chart Pattern Hello Everyone 🙋🏽♂️
As we could see at the end of the descending channel,
we had 3 bottom and the most recommended movement after the triple bottom is a ascending trend, so we had two scenarios her as we could se on the chart,
1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 0.96200
2️⃣the second one is the descending move in the rectangle which is it possible movement after the price change the channel movement 0.95800 and which I don't prefer to trade it .
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
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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 .
EURCHF - Looking To Buy Pullbacks In The Short TermD1 - Bullish convergence.
No opposite signs.
Expecting short term bullish moves to happen here.
H1 - Bullish trend pattern
Currently it looks like a correction is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Strifor || USDCHF-09/25/2023Preferred direction: Neutral
Comment: Friday's franc idea is working out perfectly. We continue to be in long-deal, but part of the profit should already be fixed and moved to breakeven. The price will most likely rise to the planned level of 0.91475, but it is unlikely today. The ADR of the instrument is almost completed and today during the American session one can look for selling with a small profit potential of 15 points.
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EURCHF Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for EURCHF is below:
The price is coiling around a solid key level -0.9652 .
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9626
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCHF: Short Trade with Entry/SL/TP
EURCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURCHF
Entry Point - 0.9644
Stop Loss - 0.9672
Take Profit - 0.9585
Our Risk - 1%
Start protection of your profits from lower levels
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Strifor || USDCHF-09/22/2023Preferred direction: BUY
Comment: Today, the Swiss franc is under almost the most pressure from the US dollar. Here the situation for the buyer remains one of the most confident as before. An update of local maxima is expected in the near future. An approach to the level of 0.91475 will most likely cool down the buyer’s ardor to a greater extent, since there is a strong resistance there.
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EURCHF - Already Overbought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.97 - 0.975 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 approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich