CHFEUR trade ideas
EURCHF"EURCHF analysis update: Price has shifted to the bullish side after breaking out of a major bearish trend and a recent bullish flag pattern. Following the Elliott Wave 12345 pattern, we've entered a buying position after a 38-50% retest and a bullish rejection. Get ready for potential upside!"
EURCHFLooking for a sell in EC
Reason to sell:
Forming double top pattern in 15 minute chart.
Use proper risk management.
Thank you
EURCHF SHORTEURCHF is in bullish Trend. It created rising wedge pattern. RSI divergence also found.
So we can place Sell stop order below previous HL
EURCHF Sell signal at the top of Channel Down.The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down.
As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective though and will only short towards the bottom of the current Channel Up (which is the Bullish Leg of the long-term Channel Down) and target 0.977500.
If then EURCHF closes a 1W candle below the Channel Up, we will re-sell and target Support 1 at 0.95700, similar to the March 13 2023 Low.
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EURCHF - Resistance Becomes Support 🚀Hi Traders !
On The Daily Time Frame, The EURCHF Price Broke The Resistance Level (0.98115 - 0.98420)
This Key Level Becomes a New Support Level.
So, I Expect a Bullish Move📈
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TARGET: 0.99030🎯
sell eur/chfbased on the 5 waves elliot's theory and fibo's numbers this place might be a reversal area !
and also if you check stochastic in 1D and 1W time frames you'll see they are both in over bought level !
How to Confirm an Elliott Wave Count.Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence.
1. Base Channel:- Wave 3 identification
When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price action stays within this channel, you can consider price action corrective, probably wave C of a Zigzag. In a bullish trend, prices ought to break above the upper boundary line of this channel for wave 3 count to be acceptable.
2. Acceleration Channel:-Wave 4 identification.
Connect the extreme of wave 1 and the top of wave 3. Draw a parallel line starting at the bottom of wave 2. Only after prices break through the lower boundary line of the acceleration channel, could you be convinced that wave 3 is over and wave 4 is unfolding.
3. Final Channel:- Wave 5 identification
Connect the end of waves 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to terminate upon reaching the upper trendline of the final channel.
That's all for today. Trade wisely!
EUR/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.982.
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EURCHF - 4hrs ( Buy Trade Target Range 150 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 ( Long )
Type : Mid Term Swing
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Bullish Break
0.98600 Area
- Major Turn level
- Channel Break Out
- inner Choch
- week / day High Break
- Fixed Range lvn
- Pattern / Counter Break
- Quarter's High Area
Bearish Reversal
1.0000 area
Reasons
- Major Turn level
- Pattern Target
- Major Liquidity Zone
- Year High Area
- Quarter High Areas
- Fibo 161.8 %
EURCHF// SHORTThe price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.98191
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CHF exchange rates
EURCHF BREAKOUT ON DAILY RESISTANCE EUR/CHF has confirmed a bullish breakout above the daily resistance level. We anticipate a continuation of this bullish trend towards the next resistance zone identified from previous price action. It is likely we will see a minor retracement before the pair resumes its upward rally.
EURCHF LONG TRADEI am going long on EURCHF after seeing a bullish pin bar form at support. Looking for bullish activity.
EURCHF: Ascending triangle potentialPrice has been making its way up and formed what appears to be an ascending triangle on the 4 hour / daily.
Suggested TP1 and TP2 set via height of triangle. Breakout of the triangle is supposed to be final third so potential on this attempt.
EURCHF support at the testEURCHF has formed the triangle on daily chart. At the moment the price is testing the support. Will it break it?
DeGRAM | EURCHF decline in the descending channelEURCHF is moving in a descending channel between the trend lines.
The price has reached the upper boundary of the channel.
The chart has formed a bearish takeover.
We expect the decline to continue.
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EUR/CHF - Bearish Bat Harmonic Pattern Signals Bearish TrendThe EUR/CHF currency pair is currently exhibiting a Bearish Bat Harmonic Pattern (XABCD) on the 4-hour chart. Point D, identified as the Potential Reversal Zone (PRZ), aligns with a critical Key Resistance area and intersects with a significant 4-hour Trend Line. This confluence of factors strengthens our bearish bias and suggests a potential bullish trend reversal from Point D.
Bearish Bat Harmonic Pattern:
The Bearish Bat Harmonic Pattern is a reliable technical indicator that signals potential reversal points in the market. In this case, the pattern's completion at Point D indicates a high probability of a trend reversal from bearish to bullish. This is supported by the alignment of Point D with a Key Resistance area and a 4-hour Trend Line, providing additional validation for this setup.
Confluence Factors:
Key Resistance Area: Point D coincides with a significant resistance level that has historically impeded upward price movement.
4-hour Trend Line: The intersection of Point D with the 4-hour Trend Line further confirms the likelihood of a bearish-to-bullish reversal.
Trade Setup:
Entry Point: 0.98030
Stop Loss: 0.98400
Take Profit Levels
TP-1: 0.97655
TP-2: 0.97280
TP-3: 0.96900
Conclusion:
The confluence of the Bearish Bat Harmonic Pattern, Key Resistance area, and 4-hour Trend Line suggests a high probability of a bullish trend reversal from Point D. Traders should consider entering at 0.98030, with a stop loss at 0.98400, and aim for the specified take profit levels. This setup offers a strategic opportunity to capitalize on the anticipated market reversal.
✅EUR_CHF TIME TO SELL|SHORT🔥
✅EUR_CHF will be retesting a resistance level of 0.9847 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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We can see EURCHF reaching Q4the EURCHF can reach Q4, as ECB rates are basically still higher than SNB rates for some time to come. In other words, we're likely to see a bullish rate in the medium term. Then in the long term, if the European economy is strong.
#EURCHF: 400+ PIPS SELLING OPPORTUNITY Dear Traders,
EURCHF, we have witness a strong change of character in the price, now we expect price to do small correction and reject from our entry point, we also have added stop loss and our take profit areas to make it more clear to all of you. Please keep in mind that tomorrow is NFP and market will likely to remain extremely bullish.
We wish you a great weekend, and we expect all of your support to continued.
Good luck.
EURCHF short movePrice had broken our support level and hence i will be expecting to see a pullback before we can finally see price move downward successfully towards our target area.
Heading into pullback resistance?Price is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit.
Entry: 0.98393
Why we like it:
There is a pullback resistance level.
Stop loss: 0.98723
Why we like it:
There is a resistance at the 127.2% Fibonacci extension.
Take profit: 0.97762
Why we like it:
There is a pullback support which lines up with the 50% Fibonacci retracement.
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