Possible long Trade for Eurchfincoming formation of Head and shoulders pattern and right shoulder align with fib 61.8 level, would like to see price reaction if price reaches to the red zone
CHFEUR trade ideas
Bearish divergence observed in EURCHF pairA bearish divergence is observed in the EURCHF pair in the hourly timeframe. We will wait for the confirmation and short when the previous LL is broken.
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.
Like, comment and subscribe to be in touch with my content!
EUR CHF SELLThere is a potential trend reversal on the Daily timeframe.
Stop loss: 0.9954
Take profit :0.9707
EUR/CHFA bullish butterfly spread in the context of forex trading is a strategy that isn't directly translatable from options trading since forex typically involves trading currency pairs rather than derivatives like options. However, we can draw parallels by using a combination of spot trades and/or forex options to create a similar payoff structure. Here’s a conceptual adaptation of a bullish butterfly spread for forex trading:
Profit and Loss
**Benefits**:
- **Limited Risk**: The maximum possible loss is the net cost of entering the trades, which is limited.
- **Potential for High Reward**: If the currency pair ends up near the middle price (1.2000 in this case), the strategy can yield significant profit.
**Risks**:
- **Limited Profit Potential**: The strategy’s profit is capped.
- **Complexity**: Managing multiple positions simultaneously can be complex and may incur higher transaction costs.
Conclusion
A bullish butterfly spread in forex involves creating a combination of long and short positions in the currency pair to mimic the payoff structure of an options butterfly spread. This strategy is suitable for traders expecting a moderate rise in the currency pair's exchange rate, offering limited risk and potential reward if the rate stays near the middle strike price at expiration. This method requires careful planning and management due to its complexity.
Potential bearish drop?EUR/CHF has reacted off a resistance level which aligns with the 161.8% Fibonacci extension and could potentially drop to our take profit.
Entry: 0.99127
Why we like it:
There is a resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 0.99534
Why we like it:
There is a pullback resistance level.
Take profit: 0.98315
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCHF"EURCHF analysis update: Price has shifted to the bullish side after breaking out of a major bearish trend and a recent bullish flag pattern. Following the Elliott Wave 12345 pattern, we've entered a buying position after a 38-50% retest and a bullish rejection. Get ready for potential upside!"
EURCHFLooking for a sell in EC
Reason to sell:
Forming double top pattern in 15 minute chart.
Use proper risk management.
Thank you
EURCHF SHORTEURCHF is in bullish Trend. It created rising wedge pattern. RSI divergence also found.
So we can place Sell stop order below previous HL
EURCHF Sell signal at the top of Channel Down.The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down.
As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective though and will only short towards the bottom of the current Channel Up (which is the Bullish Leg of the long-term Channel Down) and target 0.977500.
If then EURCHF closes a 1W candle below the Channel Up, we will re-sell and target Support 1 at 0.95700, similar to the March 13 2023 Low.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
EURCHF - Resistance Becomes Support 🚀Hi Traders !
On The Daily Time Frame, The EURCHF Price Broke The Resistance Level (0.98115 - 0.98420)
This Key Level Becomes a New Support Level.
So, I Expect a Bullish Move📈
-------------
TARGET: 0.99030🎯
sell eur/chfbased on the 5 waves elliot's theory and fibo's numbers this place might be a reversal area !
and also if you check stochastic in 1D and 1W time frames you'll see they are both in over bought level !
How to Confirm an Elliott Wave Count.Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence.
1. Base Channel:- Wave 3 identification
When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price action stays within this channel, you can consider price action corrective, probably wave C of a Zigzag. In a bullish trend, prices ought to break above the upper boundary line of this channel for wave 3 count to be acceptable.
2. Acceleration Channel:-Wave 4 identification.
Connect the extreme of wave 1 and the top of wave 3. Draw a parallel line starting at the bottom of wave 2. Only after prices break through the lower boundary line of the acceleration channel, could you be convinced that wave 3 is over and wave 4 is unfolding.
3. Final Channel:- Wave 5 identification
Connect the end of waves 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to terminate upon reaching the upper trendline of the final channel.
That's all for today. Trade wisely!
EUR/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.982.
✅LIKE AND COMMENT MY IDEAS✅
EURCHF - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : EUR/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
------
🗒 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
———————————
Bullish Break
0.98600 Area
- Major Turn level
- Channel Break Out
- inner Choch
- week / day High Break
- Fixed Range lvn
- Pattern / Counter Break
- Quarter's High Area
Bearish Reversal
1.0000 area
Reasons
- Major Turn level
- Pattern Target
- Major Liquidity Zone
- Year High Area
- Quarter High Areas
- Fibo 161.8 %
EURCHF// SHORTThe price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.98191
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CHF exchange rates
EURCHF BREAKOUT ON DAILY RESISTANCE EUR/CHF has confirmed a bullish breakout above the daily resistance level. We anticipate a continuation of this bullish trend towards the next resistance zone identified from previous price action. It is likely we will see a minor retracement before the pair resumes its upward rally.
EURCHF LONG TRADEI am going long on EURCHF after seeing a bullish pin bar form at support. Looking for bullish activity.
EURCHF: Ascending triangle potentialPrice has been making its way up and formed what appears to be an ascending triangle on the 4 hour / daily.
Suggested TP1 and TP2 set via height of triangle. Breakout of the triangle is supposed to be final third so potential on this attempt.
EURCHF support at the testEURCHF has formed the triangle on daily chart. At the moment the price is testing the support. Will it break it?
