EURCHF Set To Fall! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9797 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9758
Safe Stop Loss - 0.9822
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CHFEUR trade ideas
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 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
EURCHF: Very Bullish Pattern 🇪🇺🇨🇭
EURCHF formed a cup & handle pattern after a test of a key horizontal support.
I am looking for a bullish breakout of its neckline to buy the pair.
A daily candle close above 0.978 will confirm the violation.
A bullish continuation will be expected to 0.982 resistance then.
❤️Please, support my work with like, thank you!❤️
EURCHF Will Collapse! SELL!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9773 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9754
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Sideway corrective patternEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
EURCHFAnalysis Week - 22 Apr 2024
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Inside Cloud
Mid Term
20 x 50 D SMA - Above
50 x 200 D SMA - Above
Long Term - Bullish
Updated Dec 23 / Jan 24
Mar 24 - 0.9500
Dec 24 - 0.9900
Notes: >5y consecutive lows
Target 2024
25 Mar 2024 <6M> - 1.0000
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