EURCHF: Trading Signal From Our Team
EURCHF
-Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCHF
Entry - 0.9582
Stop - 0.9595
Take - 0.9558
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF
Strifor || USDCHF-09/12/2023Preferred direction: BUY
Comment: The idea on the franc published last week remains relevant, according to which we expect growth. At the moment, the currency pair continues to press towards local support at 0.89032, which creates the possibility of a short-term small impulsive movement downwards. Buy-deals, however, are still a priority.
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EURCHF Potential DownsidesHey Traders, in tomorrow’s trading session we are monitoring EURCHF for a selling opportunity around 0.95700 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.95700 support and resistance zone.
Trade safe, Joe.
Strifor || USDCHF-09/08/2023Preferred direction: BUY
Comment: The extreme ideas for the franc gave were the most effective, we considered buy-deals. Now the story is the same, and the power of the buyer is still great. At the moment, we expect growth to 0.9000
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EURCHF ____ BEARISH MOVE CONTINUATIONHello Traders,
On a larger scale, which is the monthly timeframe, you will notice how bearish the EURCHF has been in months. Drilling down, you will see on the weekly timeframe by looking left that we are trading in a supposedly bullish zone (where the price rallied from) but that should get little attention as currently, the market structure on the weekly chart is bearish and is about to complete the next impulsive leg which can be estimated by using the Fibonacci extension tool.
Before we go into the daily chart, I want to draw your attention to how last week's candle closed. What you will notice is the bearish strength in that candle.
Now let's go into the daily timeframe. What jumps right out is the CHOCH which signifies that the market structure has shifted from bullish to bearish. Hence, we mark the order block that caused this CHOCH and wait for a retracement to continue the bearish move.
I will be waiting to see if there will be a CHOCH on the 1-hour timeframe once the price trades into the daily supply order block as marked on my chart. If I don't see this, I don't trade.
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Cheers,
Jabari
EURCHF: Bearish Continuation is Highly Probable! Here is Why:
Balance of buyers and sellers on the EURCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EUR/CHF is going to see lower levelsHello Traders
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
✅EUR_CHF VERY RISKY LONG🚀
✅EUR_CHF is trading in a
Downtrend so I am bearish
Biased on the pair mid-term
But as the pair is retesting
The horizontal support at 0.952 I think
That we might see a local rebound
But as the trade is very risky
We ought to use low risk here
LONG🚀
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EURCHF Potential DownsidesHey Traders, in today’s trading session we are monitoring EURCHF for a selling opportunity around 0.95600 zone, EURCHF was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
EURCHF - Can We Head Any Further Down?Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
61.8% fib retracement level touch
In a descending channel
Descending triangle pattern forming
Downwards trendline touch
8K short position increase for the EUR
2K long position increase for the CHF
Bullish Confluences
EUR is the strongest major currency whereas the CHF is the 3rd weakest major currency
7K long position increase for the EUR
1K 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 Set To Fall! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9579 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9553
Safe Stop Loss - 0. 9590
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
EURCHF - 4hrs ( Buy Trade Target Range 140 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
0.95950 Area
Reasons
- Major Turn level / D
- Trend Line Break
- Chcoh Area
- inner Counter Break
- Fixed Range
Bearish Reversal
Profit Gains
0.96400
Bearish Reversal
0.97400 Area
Reasons
- Major Turn level / W
- Fibo Golden
- Visible Range Hvn
- Quarter's Area
- Pattern Target
EURCHF Will Go Lower! Sell!
Take a look at our analysis for EURCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.956.
The above observations make me that the market will inevitably achieve 0.952 level.
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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