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Eurchfsetup

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 Sell to 0.96000 (Update)(Update on last week's callouts) As expected, EURCHF retraced back to 0.97 only to reject it. Check the related idea linked below. For this week, fundamentals remain the same (if not worsened for the EUR). We remain bearish on this pair. Anyways: We have entered a short-term swing position to add to our long term position at the H4 bearish engulfing. Tomorrow we will be looking for lower highs to form in the lower timeframe and enter day trades aiming at 0.96. Follow to stay up to date for our new ideas! Happy trading 👽🥂
Short
by rob_WRLD_
2
EURCHF Sell to 0.95000 (Update)Fundamentals: EUR : Same concerns as last week. Energy crisis heading into winter. CHF : To capitalize as a safe-haven in the Eurozone along with SNB recently becoming hawkish with intent to raise rates above negative. Technicals: There are really no past data that we can look at to identify key levels for potential market reactions. Price currently at an impulse leg after breaking 0.97 key level. Next levels price could go to would be 0.96 and 0.95 psychological levels which could have some sort of reactions. Potential rejections of said level would offer scale-in opportunities around 0.97 again to target 0.95 which is the target of many major firms (stated in paid research). What do you think? Cheers!
Short
by rob_WRLD_