Strifor || USDCHF-10/12/2023Preferred direction: BUY
Comment: A slight recovery against the dollar is exactly what we expected at the beginning of the week. Very promising entry points in the market are now being formed. The situation during the publication of inflation data in the US will most likely develop in favor of the dollar. We place our targets at the level of 0.91475.
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EURCHF
EURCHF: Bullish Continuation & Long Signal
EURCHF
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURCHF
Entry Level - 0.9584
Sl - 0.9563
Tp - 0.9629
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF Bearish leg of Channel Down has started.EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A).
That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st.
Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg).
Previous chart:
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EURCHF - Are We Seeing A Change In The Trend?!Analysis:
Bullish Confluences
Recent upwards trend
Recent breakout of longer term downwards trend
Failed to put in a lower low and instead put in a higher high
Retesting an area of significance
Fib retracement "golden zone"
Previous downwards trendline retest for support
The EUR is the 2nd strongest major currency whereas the CHF is the 4th weakest major currency
1K long position decrease for the CHF
6K short position increase for the CHF
Recent CHF news has been bearish
Bearish Confluences
20K short position increase for the EUR
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: Long Signal with Entry/SL/TP
EURCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCHF
Entry - 0.9567
Stop - 0.9533
Take - 0.9640
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF Massive Long! BUY!
My dear subscribers,
This is my opinion on the EURCHF next move:
The instrument tests an important psychological level 0.9635
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9666
My Stop Loss - 0.9616
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURCHF Potential DownsidesHey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance area.
Trade safe, Joe.
EURCHF | COULD BE A GOOD SELL!Hey Traders,
Today we have a nice rectangle break into a forming decending triangle, with a bearish engulfing candlestick as confirmation, first take profit is at around 20 pips if we manage to break support this trade will drop a lot more. I also like the ma crossover and 12 hour timeframe has nice bounces off 200 MA line.😊📈
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 also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.9690.
EURCHF - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: As we can see here price started to form higher lows and higher highs, it means I am looking for longs. I took into consideration that zone lower if price fills that huge imbalance and then rejects from bullish order block.
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EURCHF Short All timeframes are overbought with a lot of divergence on H4 and H1, there is going to be a previous week's high, and will be the start of the week which most of the time means that the trade will fall. There is a pattern on H 4 and it is currently the 3rd top. tight stop loss with the 1st target being 0.9619
EurChf could rise furtherSince the beginning of 2023, EurChf has been on a downward trend.
However, at the end of July, the pair found support just above 0.05, and after a month of consolidation and 4 touches of this support level, EurChf reversed to the upside and is trading now at 0.9680, exactly under an important confluence resistance.
Looking at the chart we can see that for a week now the pair has been pressing in this resistance and we could have an up break soon.
In such an instance, EurChf could rise further and the 0.9830-0.9850 zone.
#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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Best Regard / EMA Trading .
Disclaimer:
----------------
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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