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Euro / Swiss Franc

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EURCHF trade ideas

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
by Trader_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.
Short
by Daniel_Thompson
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!
Short
by Eleazarahmath
1
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
by TheSignalyst
2
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.
Long
by Elliott-Waves-2_0