EURCHF trade ideas
EURCHF Will Go Higher! Long!
Here is our detailed technical review for EURCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.968.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.975 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/CHF Harmonic Pattern Analysis: Anticipating Bearish Reversal___________________ Technical Analysis of EUR/CHF __________________________
Harmonic Pattern Analysis:
EUR/CHF has recently formed an XABCD harmonic pattern, indicating a potential reversal in the current trend. This pattern has manifested itself alongside the key resistance area, suggesting a significant level where bearish pressure may intensify.
Entry Strategy:
Considering the formation of the harmonic pattern and the positioning of the price at the key resistance area, it is advisable to initiate a short position near 0.98010. This entry point aligns with the anticipated bearish move from point D of the harmonic pattern.
Risk Management:
To effectively manage risk, a stop-loss order should be placed near 0.98370. This level is strategically chosen to mitigate potential losses in case of adverse price movements beyond our anticipated entry point.
Profit Targets:
Profit-taking objectives are set as follows:
- TP-1: 0.97650
- TP-2: 0.97295
- TP-3: 0.96918
These profit targets are based on technical analysis and aim to capitalize on potential downward price movements in EUR/CHF.
Conclusion:
In conclusion, the technical analysis of EUR/CHF suggests a bearish outlook, with the formation of a harmonic pattern and price action near a key resistance area. By adhering to the outlined entry, risk management, and profit-taking strategies, traders can position themselves to potentially capitalize on the anticipated bearish move in the currency pair.
EURCHF - 4hrs ( Sell Trade Target Range 180 PIP ) Pair Name : EUR/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
0.96900
Reasons
- Major Turn level / W
- Channel Break
- visible Hvn
- Day + week Low Break
- Fibo Golden
- Choch Break
Bullish Reversal
0.95000 Area
Reasons
- Major Turn level
- Visible Range lvn
- Major Channel upper Band
- inner Channel Middle Line
- Quarter's Area
- Fibo Golden
- Choch Zone
EURCHF SELL SETUP EURCHF has exhibited bullish momentum, surging by over 500 pips and breaking above the downtrend trendline. Nonetheless, we anticipate a retracement towards the support level.
Potential bearish reversalPrice is rising towards a resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry:0.97417
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.97917
Why we like it:
There is an overlap resistance level
Take profit: 0.96789
Why we like it:
There is a pullback support level
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EUR-CHF Will Grow! Buy!
Hello,Traders!
EUR-CHF has retested the
Strong horizontal support
Level of 0.9681 from where
We are already seeing a
Bullish rebound and
As we are bullish biased
We will be expecting
A further move up
Buy!
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EurChf LongI am going long on EurChf as it is bouncing off a support zone and has broken the resistance trend line on 1HR. My setup will be invalid if it breaks the previous support zone
EURCHF IN BEARISH TRENDEURCHF has broken the trend line and trading below on one hour chart good opportunity for bears to short at current levels .
EUR/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
The BB lower band is nearby so EUR-CHF is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 0.983.
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✅EUR_CHF TIME TO BUY|LONG🚀
✅EUR_CHF fell down sharply
But a strong support level was hit at 0.9680
Thus as a rebound is already happening
A move up towards the target shall follow at 0.9749
LONG🚀
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EURCHF Sell IdeaOANDA:EURCHF is showing weakness in its recent bullish rally. It has broken the last Higher Low of uptrend along with violation of strong ascending trendline. It may retrace towards fib 50-75% levels before continuing it's down trend, that's where we can look for short opportunities
#EURCHF is about to correct----------------EURCHF SHORT----------------
Although it seems like EURCHF currency pair had their first impulse leg to the upside on weekly timeframe I expect a correction from current zone on the daily timeframe. One more push to the upside it possible and after that we might see at least a pullback or a complex correction before it continues to the north. I consider entering market at these levels with a short trade but rather building a short position.
This is not financial advise by any means, do your own research and analysis before enter market!
Is ECB turning dovish? Another reason to fade euroFundamentals & Sentiment
EUR:
The euro has been strong compared to the franc as a lot of bad news for the Eurozone has already been priced in. There are already many bears on board supposedly unwinding their shorts, while the economic conditions in the EU are improving. Arguably, for the first time, the ECB started explicitly expressing possible rate cuts, while still leaving the Interest Rate unchanged. A slightly dovish tone is backed by a steady decrease in Inflation. After such a bull run since the end of February, a meaningful correction makes sense, as traders would be tempted to take profits.
CHF:
The SNB is expected to cut much less than ECB this year. Also I see CHF as a dollar proxy - I'd happy to sell euro against the buck but the risk of intervention from BoJ is present, as USDJPY is approaching 155.
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: UP
Long-term: Uptrend
Min target: DMA(50)
Risk: 0.41%
Entry: Limit
BUY EURCHF for uptrend continuation BUY EURCHF for uptrend continuation
STOP LOSS : 0.9675
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
EURCHF Bullish Divergence Long TradeOpening a long trade for EURCHF after observing a bullish divergence on 4H and 1H.
EURCHF - Break Trend Line Supporthi there
i do a basic technical analysis
i see the trend already change from bull to bear
reason ; break the support trendline
my idea ; i will wait the retest and do a SHORT
disclaimer
i just share what i see , what i learn, what i think
this is not a recommendation
be SMART !!
EURCHF SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
EUR-CHF Swing Long! Buy!
Hello,Traders!
EUR-CHF went down and
Retested a weekly horizontal
Support level around 0.9679
And already made a rebound
So as the pair is trading in an
Uptrend I believe that we will
See a further move up
Buy!
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EURCHF Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURCHF for a buying opportunity around 0.96700 zone, EURCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.96700 support and resistance area.
Trade safe, Joe.
