E/U is BullishA continues movement to the upside is visible according to this chart .
I will be looking for bullish entries on this pair.
Happy trading.
CHFEUR trade ideas
EUR/CHF ShortRejection Monthly, iFVG on W. "Bullish" prev. Day low broken. 4h all bear FVGs respected. If 4h-Close below prev day low: Short around 0.977, look for lower timeframe entry for propper CRV - or Stop above 4h-Candle about 0.9792. First Target 0.973, 2nd 0.969, runner (very long run) 0.9565
The franc recovered its lost ground, sending EURCHF lowerThe Swiss National Bank's departing Chairman, Thomas Jordan, believes that a weaker Swiss franc could affect inflation. His remarks led to the franc gaining strength and the EUR/CHF exchange rate dropping. The SNB was the first major central bank to cut interest rates in March, causing the franc to depreciate. However, this depreciation halted in May with the emergence of an evening star pattern.
Currently, the EUR/CHF pair is biased towards a decline and has broken below the 50-day simple moving average (SMA). The next points of interest are the channel support, followed by 0.9694 and the 200 SMA at 0.9565.
SELL EURCHF (60 pips)Selling EURCHF to a major support section, proven to have acted as crucial zone from historic movements
EUR/CHF continue with the DowntrendOn EUR/CHF , it's nice to see a strong sell-off from the price of 0.98600. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade.
Happy trading,
Dale
EUR/CHF may fall 30 - 50 pipsPivot
0.9800
Our preference
Short positions below 0.9800 with targets at 0.9750 & 0.9730 in extension.
Alternative scenario
Above 0.9800 look for further upside with 0.9830 & 0.9860 as targets.
Comment
As long as the resistance at 0.9800 is not surpassed, the risk of the break below 0.9750 remains high.
Supports and resistances
0.9860
0.9830
0.9800
0.9780 Last
0.9750
0.9730
0.9700
Number of asterisks represents the strength of support and resistance levels.
EUR/CHF LONG FROM SUPPORT
Hello,Friends!
EUR/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly falling on the 8H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.986 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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EURCHFLooking for a sell trade on EC.
Reason to sell:
Sell pressure is higher than buy and also price is in overbought area in 4H chart.
Use proper risk management.
Thank you
#EURCHF
According to the analysis, the specified targets are being recorded and the last targets will be hit
EUR/CHF - 2 Day Chart AnalysisWe can see the clear change of trend on the 2 day time frame for EUR/CHF after finding a base at the end of last year. Last week saw price pulling back towards the trendline, meaning that we could start to see buyers creeping in sometime in this new trading week. Keep an eye on the smaller time frames for clues.
EUR_CHF WILL GO DOWN|SHORT
✅EUR_CHF made a retest
Of the broken support level
Of 0.9842 which is now a
Resistance so we are bearish
Biased and we will be
Expecting a further move down
SHORT🔥
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EURCHF: Long Trading Opportunity
EURCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCHF
Entry - 0.9798
Stop - 0.9756
Take - 0.9859
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/CHF Trade Setup: Strategic Short Position
Entry: Sell at 0.9912
- Rationale: This level aligns with the 61.8% Fibonacci retracement, a key resistance point suggesting a potential reversal.
Stop Loss: 0.9932
- Rationale: Positioned above the resistance level to protect against upside risk.
Take Profit: 0.9882
- Rationale: Targeting the support level where we expect the price to find buying interest.
Market Context:
- The current trend is bullish, but a potential turnaround is possible as indicated on the daily timeframe.
- The 61.8% Fibonacci retracement level at 0.9912 is a significant resistance point.
Strategy:
- Monitor the price action for confirmation of a reversal at the 0.9912 level.
- Enter the trade with a clear stop loss at 0.9932 and take profit at 0.9882.
Good luck with your trades!
Going for another tryPair is testing the broken support level after being rejected by the resistance at 0.98. I think is going to try is going to test again the 0.98 resistance. The double bottom is still active. SL triggers if a weekly candle breaks down the support and closes under it.
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 62% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea
EURCHF: Bulls Will Push Higher
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy EURCHF.
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EURCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCHF has been overall bearish, trading within the falling wedge in red.
At present, EURCHF is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURCHF approaches the 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
EUR/CHF SHORT FROM RESISTANCE
Hello,Friends!
We are going short on the EUR/CHF with the target of 0.979 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCHF WEEKLY BIAS BULLISH-looking for a entry next week between Tuesday and Wednesday on London session
-confirmation will be focused on 1hr to 4hr CHOCH since its a weekly chart
EURCHF short EURCHF short
EURCHF was making HHs and HLs its HL was broken and there is a divergence on RSI as well. So seems market will be in downtrend from now.
Is the Downtrend Since 1973 Over?The latest Elliott Wave analysis of the EURCHF suggests that the downtrend, which has persisted since 1973, might have come to an end. At the end of 2023, the price marked a significant low at 0.925. This development could signal an exciting trend reversal.
A look at the Fibonacci Retracement shows that the 23.6% level serves as the minimum correction target. This level provides an initial indication of potential price targets, although the exact height of the possible rise remains unclear for now.
Traders and investors should keep an eye on this development, as it could present interesting opportunities. The EURCHF might now enter a new upward phase, offering exciting possibilities.
EURCHF MELTHead amd shoulders formed in zone then melted, may come back for a retest may not as it already broke. Down we go😶🌫️🫡
