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Eurchfanalysis

20 Reason for buy EURCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Extremely bearish 2 📆Monthly: a clean bearish move but now in a retracement mood 3 📅Weekly: the trend is bear, but the current action is corrective so that the price may go up 1.0052 area for the retest 4 🕛Daily: up trend continues toward weekly resistance areas 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bullish 6: 2 Pattern Candle Chart:w pattern and also a double bottom 7: 3 Volume: high volume bullish sign 8: 4 Momentum UNCONVENTIONAL Rsi: resistance at 60, so once it breaks the 60 level, price will enter a super bullish zone 9: 5 Volatility measure Bollinger bands: squeezing 10: 6 Strength ADX: extremely sideways bullish Dmi is up 11: 7 Sentiment ROC: eur is stronger than CHF ✔️ Entry Time Frame: H4 12: Entry TF Structure: bullish 13: entry move: impulse 14: Support resistance base: a middle band 15: FIB: ☑️ final comments: buy 16: 💡decision: buy 17: 🚀Entry: 9901 18: ✋Stop losel:0.9872 19: 🎯Take profit: 1.0036 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 10 days
Long
by Optimum369
EURCHF: BEARISH Market Analysis! Looking for CONTINUATION!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: After the formation of the M pattern and breakout to the downside, the market started initially pushing down, without going so far from the swing, and since the beginning of November it has been consolidating much of the time inside a wedge formation. When, where and why would we step into the market? Overall, this market looks bearish because not really able to continue the upward movement as previously expected. However, before entering short we would see a sharp breakout of the current structure, considering the random volatility inside the consolidation area, we would get stop out many times trying to chase to down move. In the scenario of market continuation to the upside, no action will be taken on here. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
22
EURCHF: This week directional bias seeking sellside liquidity EURCHF has just purged a buyside liquidity pool, and I'm expecting price to trade lower to fill in the sellside inefficiency below. Confluences : 1. We have a short term equal low that formed a on the four hour TF after the inefficient price delivery in the most concluded bullish price leg. I'm looking forward to see price trade lower to seek liquidity below the lows this wee. 2. we just had a liquidity purge, but we haven't seen the smartmoney edge, meaning (Take out their existing long position to go short). I'm looking for the high of the week to definitely form by taking out the short term high created after the purge. 3. After the smart money edge, I'm expecting a displacement to the downside, there I'll be capitalizing on any premium P.D-Arrays to short the market. Conclusion : EURCHF directional bias for this week is bearish, taking short opportunities likely to be is highly probable than longs for the week. StefanFX
Short
by stefan143
2