EURCHFIs EURCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.9560 followed by 0.9500.
What you guys think of it?
EURCHF
EUR/CHF ready to roll (over)?EUR/CHF posted a decent rally from its October low, yet we're yet to see a meaningful pullback. But one may be near.
A 2-bar bearish reversal has formed at a resistance zone and the 200-day EMA. Tuesday's high is also a lower high in relation to the September high.
From here we're looking for some bearish mean reversion towards the monthly pivot.
What makes us unsure of whether it's a to revert to the dominant, bearish trend is the depth of the bounce into resistance. But for now, the path of least resistance could be lower over the near-term.
Impulse Pattern Complete?? Three Wave Corrective!!How Much Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
EURCHF November 15th, 2023EURCHF rate has been in a bearish trend since March 2021, forming a descending trendline resistance. This week, the pair breakout of this trendline, which had been in place since the start of the 37-month decline. This technical development suggests that the EURCHF could be on the verge of a long-term trend reversal from bearish to bullish.
EURCHF above support, price to move higher towards 0.9800 levelEURCHF
The price is currently above support/resistance structure, after a pullback if price holds above the support I expect the price to move higher...
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURCHF LongThis trade is not valid to enter yet.
Entry:
We are looking to go long on EURCHF again. Possible entry if we can break above 0.96452 - 0.96503 zone, whilst an aggressive move below this zone will completely invalidate this trade.
Exit:
If we manage to get a long position in, we will look to make a 50% exit at 0.96938, and the remaining 50% at 0.97522.
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 very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
EURCHF : Short Trade , 4hHello traders, we want to check the EURCHF chart. The price is moving in a descending channel and has pulled back to the specified key level. If the price cannot break this level, we expect the price to fall. If the price falls, the first target is 0.95200, and if the price can break this level, the second target is 0.94300. Good luck.
POSSIBLE BEARISH CONTINUATION The analysis of higher time frame data suggests that the current market trend remains bearish. It is advisable to maintain this perspective.
Upon examination, it is observed that the price has diverged from the two-hourly order book (OB), leaving behind a favorable volume gap (FVG) below it. This has resulted in the creation of internal liquidity that will need to be swept and interact with the OB.
Entering the market from the OB at this point is considered a risky proposition. It is important to await a change of character in the price after reacting with OB.
Therefore, it is recommended to observe and monitor the market situation closely.
EURCHF - Now OverBought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, attached on the chart, we have been looking for buy setups around the lower bound of the red channel.
EURCHF traded higher and it is now approaching the upper bound of the channel again.
Moreover, the zone 0.97 is a strong resistance.
🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance.
As per my trading style:
As EURCHF is sitting around the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Knowing that EURCHF can still test the 0.97 resistance before going down.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF Sell opportunity near the top of the Channel Down.More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target:
The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a similar pattern as March 02. We are taking this as a sell signal, targeting Support 1 at 0.941850.
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Triple Zigzag Is Done !! One Leg Too The UpsideHey there, my dear friends! I hope you all had a productive week!
I am at your service, and if you're interested, you can find my previous analysis below each description, along with all relevant updates. This should give you an overview to help you make informed decisions.
Now, I want to draw your attention to something important. As a trader, the main responsibility is to reduce the risk, eliminate it after the transaction and ultimately preserve the profit.
Let me share a quote from Mr. Jeffrey Kennedy, one of the most valuable analysts of the Elliott Wave Principle: "Amateur traders focus on the possibilities that might happen. Professional traders focus on what is happening and execute the trade."
As a fan of the Elliott wave principle, I would like to share my market analysis ideas with you. Please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am willing to re-analyze it from scratch and learn from my mistakes. However, it's important to understand that the error in the analysis is not a defect, but the avoidance of responsibility is.
I analyze from multiple perspectives to consider all possibilities. So, let's list some ideas based on the Elliott wave principle.
Please keep in mind that no one can analyze financial markets with 100 percent accuracy, but it's remarkable how close we can get. Thank you for your continued support, and I look forward to our mutual success.
With respect,
Mr. Nobody
Keep trying and never give up. Good luck!
EURCHFH4 | Bouncing off support level?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.9570, which is a pullback support.
Our take profit will be at 0.9615, which is the pullback resistance ex. The stop loss will be placed at 0.9534, which is an overlap support level.
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EURCHF ____ INCOMING BEARISH MOVEHey Guys,
Longtime since I made a post. Been busy with personal stuff. I do hope trading has been profitable for you.
Now, what you will notice on the weekly timeframe is a bearish CHOCH and price on the daily timeframe is approaching the weekly supply orderblock while creating a 'W' pattern.
Once price trades into the supply orderblock, I will be interested to see if my trade setup will form so I can take a short trade.
Keep this pair on your radar.
Follow for more updates like this.
Cheers,
Jabari
EURCHF I Inverted head and shoulder will keep growingWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
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