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Euro / Swiss Franc

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EURCHF trade ideas

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.
Short
by trading_jupiter
Heading into pullback resistance?Price is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit. Entry: 0.98393 Why we like it: There is a pullback resistance level. Stop loss: 0.98723 Why we like it: There is a resistance at the 127.2% Fibonacci extension. Take profit: 0.97762 Why we like it: There is a pullback support which lines up with 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.
Short
by VantageMarkets
EURCHF Set To Fall! SELL! My dear followers, I analysed this chart on EURCHF and concluded the following: The market is trading on 0.9797 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.9758 Safe Stop Loss - 0.9822 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
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