Short eurchf confirmedShort eurchf bearish engulfing on daily candle , .93000 is the target . Sl above daily cadle
CHFEUR trade ideas
EUR/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are now examining the EUR/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.947 level.
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The possibility of correctionHello friends.
I think we can correct from here to the specified support level.
what is your opinion?
Good luck.
# Let's look simply
EURCHF: Anticipating Pullback from Three-Month HighEUR/CHF has shown a notable development on both the H1 and M30 timeframes, forming a classic rising wedge pattern. Currently, the pair resides near a significant level, marking a three-month high around 0.95451. Adding weight to the analysis, the MACD indicator has exhibited a swing low, indicating a potential weakening of bullish momentum. This convergence of technical signals suggests a looming pullback in the near future.
Technical Analysis:
-Rising Wedge Pattern: On both the H1 and M30 charts, EUR/CHF displays a rising wedge pattern characterized by converging trendlines sloping upwards. This pattern typically indicates a potential reversal, with the price likely to retreat from recent highs.
-Three-Month High: The current price level of approximately 0.95451 represents a significant three-month high. Such levels often act as psychological barriers and can trigger profit-taking or reversals in the market sentiment.
-MACD Indicator: The Moving Average Convergence Divergence (MACD) indicator has formed a swing low, signaling a potential shift in momentum. This divergence from the price action adds confirmation to the anticipated pullback scenario.
Trade Recommendation:
Considering the technical signals and the overall market context, traders looking to capitalize on the potential pullback in EUR/CHF may consider initiating short positions. A prudent entry point could be around 0.95451, with a target price set at 0.94713. This level is selected based on its alignment with historical support and the anticipated corrective movement.
Risk Management:
As with any trading strategy, it's crucial to implement proper risk management techniques. Traders should consider placing a stop-loss order slightly above the recent swing high to mitigate potential losses in case of a reversal. Additionally, monitoring the price action closely and adjusting the trade according to market dynamics is essential to optimize risk-reward ratios.
Conclusion:
In conclusion, EUR/CHF exhibits compelling technical factors suggesting a forthcoming pullback from its recent highs. The combination of the rising wedge pattern, three-month high level, and MACD divergence enhances the conviction for a corrective move in the pair. Traders are advised to exercise caution, adhere to strict risk management principles, and remain vigilant for any shifts in market dynamics.
EURCHF Sell At 0.9514EURCHF has really good signs towards sell. As it is printing a very clear rising wedge that indicates the reversal of a trend but with a catch of Divergence it becomes even stronger which is available too. Also the sentiments on My FX Book is over 93%. I have made everything possible not to take the entry purely based on sentiment. As it is not a good practice but with good indications sentiment can play a lead role. Which I just saw on this setup. Lets hope for good.
My Positions
Sell Entry : 0.95143
Stop Loss : 0.9546
TP1 : 0.9482
TP2 : 0.9451
✅EUR_CHF SWING SHORT🔥
✅The retest of the strong resistance level of 0.9544 on EUR_CHF
Has happened after trading in a local uptrend from some time
Which makes price decrease a likely scenario
With the target being a local support below at 0.9508
SHORT🔥
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EURCHFThis can however break upside and continue rallying upside, but at this point in time, I would like to see this, going down
EUR-CHF Short From Resistance! Sell!
Hello,Traders!
EUR-CHF is retesting a
Horizontal resistance of 0.9545
And we are already seeing a
Bearish reaction so I think
That the pair will go down
Sell!
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EUR/CHF possible short opportunity.I will be looking for a short in the box area if it holds. And will be running it down to the red lines and possibly a lot farther. But for now those will be my targets. This is not investment or trading advice just a trade i will be taking if everything works out.
Good Luck.
EURCHF NEXT MOVE POSSIBLE Eurchf is bearish now under this pattren we have best selling opportunity around
0.95500 and in this chart showing red horizental is strong resistance level after
break red horizantal line trend change possible otherwise we are still in sell
for more update stay tuned
EURCHF - 9:1 SELL I have been eying a while. Noticed a great sell opportunity that has formed on EURCHF. Testing currently previous weekly rejection, channel, divergence, harmonic pattern name it. Quite a risky position tho, so I will go BE when possible.
EURCHF Berish DivergenceNote:
1-Bearish Divergence
2-Sell Sentiment 93%
Trade:
SL= 0.95457
EP= 0.94958
TP1= 0.94459
TP2= 0.93956
EURCHFYeah,
still believe the price will going down first
it like a 'rising wedge pattern' (if break)
but in MACD indicator, i found a bearish divergent also
hmmmmm
what do you think guys?
disclaimer
i just share what i see
thanksyou
EURCHFafter printing butterfly harmonics, you can see that divergence is appearing on the potential reversal zone. expect a trend reversal from here.
EURCHF LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up.
Long now for a good 1 to 2 RR.
so far we are at 2R(FEB)
EURCHF TREND-FRIEND FOLLOWING Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCHF TREND-FRIEND FOLLOWING 📚
👉As we can see price is still overall bearish trading inside this falling channel, from a long-term perspective, Meanwhile, we caught a nice bullish correction movement as per our previous analysis.
👉Moreover, price is approaching a massive zone, resistance lining up with our falling trendline, where we will be looking for new bearish movements on lower time frame like double top or any bearish reversal pattern.
Unless price managed to break above 0.9550 from Daily time frame, then a movement higher would be expected. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
EURCHF: Bearish Forecast & Bearish Scenario
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EURCHF Will Go Lower! Sell!
Take a look at our analysis for EURCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.952.
The above observations make me that the market will inevitably achieve 0.950 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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