EURCHF
#EURCHF ahead of a bigger correction to the downside -----------EURCHF SHORT-----------
After many days of sideways movement EURCHF currency pair has broken out from a consolidation area and now it faced a very tough resistance area and a trendline from the major downtrend. I think there is room for more correction to the downside at the moment at least if not a reversal and a downtrend continuation. We will see, however a short terms trade can be done here. I went short.
This is not a financial advise, do your own research and analysis.
Strifor || USDCHF-09/27/2023Preferred direction: SELL
Comment: The franc also allowed us to make money using our long trading idea. I must say even more, the price aggressively overcame the resistance level of 0.91475, which is very important. Thus, an approach to this level is expected in the near future as part of a retest. It should also be noted that in the medium term the buyer's power is great, and if the instrument does not close below the level of 0.91475 on the daily chart, then growth will continue.
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EURCHF ↗️ ↘️ Triple Bottom Chart Pattern Hello Everyone 🙋🏽♂️
As we could see at the end of the descending channel,
we had 3 bottom and the most recommended movement after the triple bottom is a ascending trend, so we had two scenarios her as we could se on the chart,
1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 0.96200
2️⃣the second one is the descending move in the rectangle which is it possible movement after the price change the channel movement 0.95800 and which I don't prefer to trade it .
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
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Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
EURCHF - Looking To Buy Pullbacks In The Short TermD1 - Bullish convergence.
No opposite signs.
Expecting short term bullish moves to happen here.
H1 - Bullish trend pattern
Currently it looks like a correction is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Strifor || USDCHF-09/25/2023Preferred direction: Neutral
Comment: Friday's franc idea is working out perfectly. We continue to be in long-deal, but part of the profit should already be fixed and moved to breakeven. The price will most likely rise to the planned level of 0.91475, but it is unlikely today. The ADR of the instrument is almost completed and today during the American session one can look for selling with a small profit potential of 15 points.
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EURCHF Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for EURCHF is below:
The price is coiling around a solid key level -0.9652 .
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9626
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCHF: Short Trade with Entry/SL/TP
EURCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURCHF
Entry Point - 0.9644
Stop Loss - 0.9672
Take Profit - 0.9585
Our Risk - 1%
Start protection of your profits from lower levels
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Strifor || USDCHF-09/22/2023Preferred direction: BUY
Comment: Today, the Swiss franc is under almost the most pressure from the US dollar. Here the situation for the buyer remains one of the most confident as before. An update of local maxima is expected in the near future. An approach to the level of 0.91475 will most likely cool down the buyer’s ardor to a greater extent, since there is a strong resistance there.
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EURCHF - Already Overbought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
EURCHF has been overall bearish trading inside the falling channel in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.97 - 0.975 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 approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCHF - History Just Keeps On Repeating!Analysis:
Bearish Confluences
Longer term downwards trend
Retesting an area of significance
At the top of a range
In a descending channel
Downwards trendline touch
23K long position decrease for the EUR
Bullish Confluences
The EUR is the strongest major currency whereas the AUD is the 2nd weakest major currency
2K long position decrease for the CHF
2K short position increase for the CHF
Recent EUR news has been bullish
Stay Safe - The JPI Team
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Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURCHF H4 | Reversal off 38.2% Fibo resistanceEURCHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.95537 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 0.95788 which is an overlap resistance level that sits above the 61.8% Fibonacci retracement level.
Take profit is at 0.95208 which is a pullback support.
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EURCHF - 4hrs ( Buy Trade Target Range 120 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
0.96000 Area
Reasons
- Major Turn level
- Visible Range HVn
- Pattern Break Out
- inner Choch Area
- D / w High
Bearish reversal
0.97200 Area
Reasons
- Major Turn level / W
- Visible Range Value
- Choch Area
- Quarter's Area
- Pattern Target
EURCHF Is Very Bearish! Short!
Please, check our technical outlook for EURCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.959.
Considering the today's price action, probabilities will be high to see a movement to 0.956.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURCHF: Short Trade Explained
EURCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURCHF
Entry Point - 0.9592
Stop Loss - 0.9609
Take Profit - 1.9561
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURCHF STRONG HOURLY SUPPORTEURCHF has got supported on the hourly support highlighted. Here we see a trendline formed which is now requires a bullish breakout confirmation inorder to expect a continuation in the rally to the upside. This is an descending triangle formed which is supporting the bullish idea.
EURCHF broke above the 1D MA50. Bullish signal.The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1).
As a result, we have the opportunity for a short-term buy if a 1D candle closes above the 1D MA50. Our target will be Resistance 1 (0.965100), which is also where contact with the 1D MA100 (green trend-line) is expected to be made. The 1D MA100 has been the target during the previous Lower High formation (June 22 2023).
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