EURCHF - Long from bullish OB !!Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish OB.
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Eurchfshort
Sell EUR/CHF BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9385
Target Levels:
1st Support – 0.9350
2nd Support – 0.9330
Stop-Loss: To manage risk, place a stop-loss order above 0.9410. This helps limit potential losses if the price falls back unexpectedly.
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Best Regards, KABHI FOREX TRADING
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#EURCHF 1DAYEUR/CHF 1-Day Chart Forecast:
The EUR/CHF currency pair is in a sustained **downtrend** on the 1-day chart, indicating strong bearish momentum. This suggests that selling pressure is likely to continue in the near term. Given the current market conditions, a sell opportunity is present as the pair trends downward, respecting the descending trendline.
However, traders should remain cautious for a potential **trend reversal**. If the price **breaks above the trendline**, it could signal the end of the downtrend and open up a **buy opportunity. Key points to consider:
Forecast Sell: The downtrend provides an opportunity to enter short positions, targeting further declines. A stop-loss should be placed above recent highs to protect against a trend reversal.
Watch for Breakout: If the price breaks the trendline, it may invalidate the sell outlook and present a buying opportunity. Look for confirmation of the breakout before entering long positions to avoid false signals.
In summary, the current market favors a **sell strategy** as long as the price remains below the trendline, but traders should be ready to shift their bias if a breakout occurs.
Sell EURCHF Triangle BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9395
Target Levels:
1st Support – 0.9353
2nd Support – 0.9324
Stop-Loss: To manage risk, place a stop-loss order above 0.9412. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Forex: EURCHF Short Trade Target 2 done!Iam not much into forex myself. But, a lot of people are messaging me to upload Forex charts. So, I will try to add some Forex charts moving forward.
Here is the EURCHF 15m short set up chart that hits target 2.
Stoploss, Trailing stoploss and profit targets are marketed for you.
Good luck and do like and share to motivate me.
Why is the Swiss Franc Defying the Odds?In a global economy where central banks are leaning towards softer monetary policies, the Swiss Franc is charting its own course—strengthening against the odds. But what forces are truly at play here? Is it merely the cautious whispers of the Swiss National Bank, or is there a deeper undercurrent, tied to inflation expectations and global safe-haven flows? As we peel back the layers, we uncover a narrative that challenges conventional wisdom. Discover the intricate dynamics that could redefine how we perceive currency resilience in today's volatile market landscape.
The franc's unexpected strength has sparked a flurry of theories. Some point to the SNB's potential reluctance to cut interest rates as aggressively as its peers. Others suggest that the widening gap between Swiss and global inflation expectations could be fueling the franc's appreciation. Yet, the franc's safe-haven status and its role in carry trades add another layer of complexity to this puzzle.
The EUR/CHF currency pair, a barometer of the Eurozone and Switzerland's economic health, is particularly sensitive to the franc's strength. As the franc appreciates, it can impact trade balances, inflation, and overall economic competitiveness.
As the global economic landscape continues to evolve, the enigma of the Swiss franc's resilience persists. Is this a temporary anomaly, or a harbinger of a new era in international finance? Only time will tell.
Sell EUR/CHF Bearish FlagThe EUR/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.9392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.9327
2nd Support – 0.9290
Stop-Loss: To manage risk, place a stop-loss order above 0.9420. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURCHF - Short active !!Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block.
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EURCHF – looking heavy … the week of 29 July, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis.
We have a bearish move that began at the end of May that retraced about 62%. This was followed by another leg down that is currently retracing. I am bearish on this pair and hopefully, we will see a decent move up that gives us a better price to short (& a more reasonable stop loss). I have an initial target at 0.9487 region with the possibility of a 2nd target much lower. If price moved lower without retracing, I will not trade this pair. If price continues to move in a bullish manner, that will negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
7 Dimension Sell Setup for EURCHFCORE Analysis Method: Smart Money Concepts
😇 7 Dimension Analysis
Time Frame: H1
1️⃣ Swing Structure: Bearish with CHoCH
🟢 Structure Behavior: After a proper CHoCH, price reaches its extreme POI and previous high level, sweeping swing liquidity. Given the already bearish character, there is a high chance of further downside movement.
🟢 Internal Structure: Shows weakness with consolidation formation.
🟢 POI: Since liquidity is always swept at the extreme high, this is a high-probability sell area.
2️⃣ Pattern
🟢 CHART PATTERNS:
Reversal: Rounding Patterns, Double top.
🟢 CANDLE PATTERNS:
Momentum: BUY Side FOMO appeared, followed by strong bearish candles at this point.
3️⃣ Volume
🟢 Volume on Breakout: Indicates no significant volume on the bullish side; bears are more in control at this point.
🟢 Volume: Increases whenever bearish candles are observed.
4️⃣ Momentum RSI
🟢 Range Shift: From bullish to sideways, with a preceding divergence and a loud move indicating loss of momentum.
5️⃣ Volatility Bollinger Bands
🟢 Squeeze Breakout: With walking on the band, forming on the bearish side.
6️⃣ Strength: Bears are taking control.
7️⃣ Sentiment: Highly bearish.
✔️ Entry Time Frame: H1
✅ Entry TF Structure: Bearish, with liquidity sweep at extreme POI.
💡 Decision: Sell at opening.
🚀 Entry: 0.9749
✋ Stop Loss: 0.9762
🎯 Take Profit: 0.9604
😊 Risk to Reward Ratio: 11RR
🕛 Expected Duration: 5 days
SUMMARY
The analysis identifies a bearish swing structure on the H1 time frame, marked by a Change of Character (CHoCH) and a move towards an extreme Point of Interest (POI). The price has swept swing liquidity, and with an already bearish character, there's a high probability of continued downside. Internal structure shows weakness with consolidation, indicating bearish control.
Reversal chart patterns such as rounding patterns and double tops are noted, along with significant bearish candle patterns following initial BUY side FOMO. Volume analysis indicates increased bearish volume compared to bullish, suggesting bears are gaining control. Momentum indicators, including RSI, show a range shift from bullish to sideways with preceding divergence and loss of momentum.
Bollinger Bands indicate a bearish squeeze breakout, with strength favoring the bears. Sentiment is highly bearish, leading to a decision to sell at opening. Entry is planned at 0.9749 with a stop loss at 0.9762 and a take profit target at 0.9604, providing an 11:1 risk to reward ratio. The expected duration for this trade setup is 5 days, contingent on continued bearish momentum and price behavior as outlined.
SELL SHORT from .9700 - Potential M TopI have recently posted some recommended trades that take advantage of gaps in the market.
I did receive some adverse comments from someone who clearly doesn't understand enough about FX trading.
I've been trading FX over 25 years.
The key to making money by trading FX is to look for ANY market advantage.
If you can identity certain well established and accepted key patterns (gaps, double tops, M-Top, W-Bottoms, pinbars, morning and evening stars etc etc) then you have a gained an advantage.
That's not to say that gaps, double tops, M-Tops etc etc ALWAYS work out - of course they don't BUT............................they STATISTICALLY are proven to work out MORE OFTEN THAN NOT.
So trading these patterns and candles make perfect trading sense.
The key is identifying these patterns as they form and being ready to trade them.
Yesterday we had a double top bang on WR1 resistance.
Anyone who DOESN'T use pivots is a fool as far as I'm concerned as pivots are THE ONLY indicator that is set at the start of the week and as these support and resistance levels are frequently where traders will have SELL LIMIT or BUY LIMIT orders and they are also levels where traders will liquidate LONGS and SHORTS then you can prepare for a trade in advance.
The EUR/CHF trade I suggested yesterday did not work out.
I lost around 18 pips - so I'm not concerned because if the price DOES reverse from current levels then its likely to target the gap which would be 100 pips.
So, as we have an M-Top pattern forming at resistance, I have a SELL STOP positioned at .9706 which is just below the WR1 pivot and this is the neckline of the M-Top.
Remember - this pattern has NOT yet completed and will only complete if we see price head south down past .9706 over the next few hours.
EUR/CHF is carving out a twin top - SHORT from .9700EUR/CHF opened with a gap this week and anyone who follows my posts will know that I always trade gaps as they ALWAYS fill.
I'd expected the gap on EUR/CHF to have filled yesterday as price hit WR1 key resistance pivot but EUR/CHF BULLS managed to push the price back to WR1.
One hour ago WR1 was hit and we now habe a double right on WR1.
This is very BEARISH.
I'm SHORT this pair from .9700 with STOP above the high at .9718 and a target of .9628 which will close the gap.
RSI on H1 is declining though it should be noted that the red SELL line on the Andean Oscillator on H1 has yet to move off zero though it has on M30.
MACD has also not yet signalled we a re SHORT so this trade is not a done deal and we cannot rule out EUR/CHF BULLS pushing the price back to the WR1 pivot.
The trade has an 18 pip STOP so there's not much damage done if the price reverses though its highly probable that even if the price does head back north to WR1, its unlikely to make much further progress past this level.
So the next key level is .9695 which will break the 200 EMA on M1 and this will then act as resistance to EUR/CHF BULLS.
Swiss Franc: The Economic Bulwark Amid Global UncertaintiesThe Swiss franc (CHF) retains its position as a cornerstone of financial stability within the dynamic global economic environment. The recent strategic adjustments to interest rates by the Swiss National Bank (SNB) underscore Switzerland's distinct macroeconomic landscape relative to Europe. This analysis delves into the implications of these adjustments and the broader significance of the CHF in today's global financial arena.
Key Considerations:
The SNB's proactive interest rate cuts demonstrate a data-driven approach to managing the CHF's valuation.
The CHF's historical association with stability makes it a sought-after asset during periods of heightened geopolitical tensions, as evidenced by recent investor behavior.
The SNB prioritizes maintaining price stability while mitigating the risk of excessive CHF appreciation, as Chairman Thomas Jordan's recent comments suggest.
Switzerland's ongoing exploration of central bank digital currencies (CBDCs) positions the CHF at the forefront of financial innovation, potentially solidifying its global financial standing.
Investment Thesis:
The SNB's commitment to monitoring inflation and exchange rate developments suggests a willingness to intervene if necessary, ensuring the CHF's stability and insulating the Swiss economy from external shocks. This proactive approach positions the CHF for continued strength within the global financial landscape.
EUR/CHF Technical AnalysisEUR/CHF Technical Analysis
Timeframe: 15-Minute Chart
Chart Overview:
In this 15-minute EUR/CHF chart, we observe a clear descending trend characterized by lower highs and lower lows. The price action reflects a bearish sentiment with key support and resistance levels marked to guide potential trading decisions.
Key Elements:
1. Descending Channel:
- The price is moving within a descending channel, indicating a prevailing bearish trend. The channel is defined by the upper resistance trendline and the lower support trendline.
- This channel suggests that the price is making lower highs and lower lows, a classic sign of a downtrend.
2. Support and Resistance Levels:
- Resistance Levels: Key resistance levels are marked at 0.97421 and 0.96952. These levels have previously acted as support, but now they may act as resistance as the price approaches them from below.
- Support Levels: Significant support levels are identified at 0.95532 and 0.94752. These levels have provided a floor for the price action in the past and could be potential bounce points.
3. Price Patterns:
A consolidation pattern is observed around the 0.95532 support level, where the price seems to be stabilizing after a significant downtrend.
This consolidation could signal an accumulation phase, where buyers are gathering strength before a potential breakout.
### Conclusion:
The EUR/CHF pair is currently in a bearish trend within a descending channel. Key support and resistance levels provide potential entry and exit points for trades. Volume spikes indicate significant market activity around these levels, making them critical for trading decisions. Always manage your risk with appropriate stop losses and position sizing.
EURCHF | Short D1 | Market Exec | Building Momentum for Risk OffTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to multiple Supply zones
- Price action is close to multiple Resistance Trendlines as well
- Targeting the 50% Fibo retracement for this trade
Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.
Suggested Trade:
Entry @ Area of Interest 0.9830 - 0.9870
SL @ 0.9942
TP 1 @ 0.9720 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.9598
Risk-to-Reward @ Approx. 2.59 (Depending on Entry Level)
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Euro bearish guard against Swiss francAt the same time as the price hits the ceiling of the descending channel, it has formed a AB=CD pattern as well as 5 rising Elliott waves. Between wave 3 and 5, we see the formation of negative divergence in the RSI indicator. It is expected that we will see the price fall at least to the Fibonacci range of 23%.
EURCHF - Long from trendline ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I have a confluence for a long position if price makes a retracement and then rejects from trendline + liquidity zone + institutional big figure 0.98000.
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EUR/CHF - Bearish Bat Harmonic Pattern Signals Bearish TrendThe EUR/CHF currency pair is currently exhibiting a Bearish Bat Harmonic Pattern (XABCD) on the 4-hour chart. Point D, identified as the Potential Reversal Zone (PRZ), aligns with a critical Key Resistance area and intersects with a significant 4-hour Trend Line. This confluence of factors strengthens our bearish bias and suggests a potential bullish trend reversal from Point D.
Bearish Bat Harmonic Pattern:
The Bearish Bat Harmonic Pattern is a reliable technical indicator that signals potential reversal points in the market. In this case, the pattern's completion at Point D indicates a high probability of a trend reversal from bearish to bullish. This is supported by the alignment of Point D with a Key Resistance area and a 4-hour Trend Line, providing additional validation for this setup.
Confluence Factors:
Key Resistance Area: Point D coincides with a significant resistance level that has historically impeded upward price movement.
4-hour Trend Line: The intersection of Point D with the 4-hour Trend Line further confirms the likelihood of a bearish-to-bullish reversal.
Trade Setup:
Entry Point: 0.98030
Stop Loss: 0.98400
Take Profit Levels
TP-1: 0.97655
TP-2: 0.97280
TP-3: 0.96900
Conclusion:
The confluence of the Bearish Bat Harmonic Pattern, Key Resistance area, and 4-hour Trend Line suggests a high probability of a bullish trend reversal from Point D. Traders should consider entering at 0.98030, with a stop loss at 0.98400, and aim for the specified take profit levels. This setup offers a strategic opportunity to capitalize on the anticipated market reversal.
#EURCHF: 400+ PIPS SELLING OPPORTUNITY Dear Traders,
EURCHF, we have witness a strong change of character in the price, now we expect price to do small correction and reject from our entry point, we also have added stop loss and our take profit areas to make it more clear to all of you. Please keep in mind that tomorrow is NFP and market will likely to remain extremely bullish.
We wish you a great weekend, and we expect all of your support to continued.
Good luck.