OPPORTUNITY FOR BUY EURCHFWe have these indicators for BUY opportunity:
- Low volume to continue the current direction
- Support from Year low + 6M low + 3M low
- Retest 1M low + 3M high + 1 M high
- Support from the previous all-time low.
We define 3 goals:
TP 1 = 40 pips
TP 2 = 100 pips
TP 3 = 200 pips
SL = -200 pips
EURCHF trade ideas
EUR/CHF Day Trading Analysis With Volume ProfileOn EUR/CHF , it's nice to see a strong buying reaction at the price of 0.92860 and 0.93450.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Weekly POC, Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
EUR/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
EUR-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.929 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CHF pair.
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EURCHFEUR/CHF was trapping traders below key support levels, enticing them to buy the dip in anticipation of a reversal. However, this move was a calculated trap. With traders now caught at the lows, the market has effectively locked those levels, creating a foundation for an explosive move higher as liquidity shifts upward.
EUR/CHF Eyes Upside Above 1D SupportHello,
OANDA:EURCHF is finding support at the 1D pivot point (PP), and if this level holds, further upside potential could unfold. Current conditions are certainly promising. The pair is first testing 0.945443, and if it manages to break and sustain above this level, the 1Y pivot point may serve as a new support.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EUR/CHF thoughts on a long-term possibilityOANDA:EURCHF has broken a major trend line of resistance with a spike, has an RSI divergent low, and is pulling out of a consolidation possibly for an uptrend. I would look for a pullback to start placing orders with a beautiful RR. What are your thoughts on this?
EUR/CHF Near Support, Reversal AnticipatedHello,
OANDA:EURCHF is once again testing support levels, with the 1-month to 1-year low holding at 0.92042. An upside movement is anticipated at this stage, but caution is warranted as further tests of support could occur. Currently, the price appears to respect and find support near the 0.925466 level. A reversal is likely to follow soon!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURCHF: Intraday Bearish Signal?! 🇪🇺🇨🇭
EURCHF nicely reacted to a key intraday horizontal resistance.
The price formed an inverted cup & handle pattern on that
and violated its neckline with a bearish imbalance candle.
I think that the price may drop lower.
Next support - 0.9278
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#EURCHF 1DAYEURCHF Daily Analysis
The EURCHF pair is approaching a key support level on the daily chart, a zone where buying interest has consistently emerged. This support area offers a potential bullish setup, with the likelihood of a price rebound if the level holds.
Technical Outlook:
Pattern: Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Look for confirmation of support holding with bullish price action signals before entering a buy position.
Traders should monitor for reversal candlestick patterns, such as bullish engulfing or hammer formations, and supportive indicators like RSI signaling oversold conditions. Employ proper risk management by placing stop-loss orders below the support level and targeting resistance zones for potential profit.
EURCHF Will Grow! Long!
Take a look at our analysis for EURCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 0.928.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.930 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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