EURCHF: Pullback From Support 🇪🇺🇨🇭
I see a nice pullback trade on EURCHF:
the pair test a key daily/intraday horizontal support.
A double bottom pattern was formed on that
and its neckline was broken.
I bought the pair on a retest of a broken neckline.
Goals: 0.9548 / 0.9560
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EURCHF trade ideas
EURCHF What Next? BUY!
My dear followers,
I analysed this chart on EUR/USD and concluded the following:
The market is trading on 0.9532 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9544
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.
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WISH YOU ALL LUCK
EUR/CHF H1 | Bullish bounce off overlap support?EUR/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9518 which is an overlap support.
Stop loss is at 0.9477 which is a level that lies underneath an overlap support and the 23.6% Fibonacci retracement level.
Take profit is at 0.9581 which is a pullback resistance.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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EURCHF Burgain Hunting LongEURCHF Burgain Hunting Long
- Price is trending above 15 period Hull Moving Average
- Burgain Hunter entry
- MA Angle Trend Filter Confirmation
- Basic R:R 5:1 and then adding with 1%
- Adding to trade 4 times at 1 R Distance
- Closing all trades at Final Target
- Cut losing trade on first Bearish Candle
- If there is reaction on Strong Resistance Level - Optional Exit
The ultimate goal is to make the system simple and easy to follow, simple rules, buying discount and selling premium. Cutting losers short and making maximum from winners. Cheers.
EURCHF Bearish ContinuationEURCHF still seems to exhibit signs of Bearish continuation after printing it's all time low price.
Bears may eventually face a strong support zone around 0.93140 till 0.92100. If this zone breaks, the chances of achieving TP2 will increase.
Trade Plan
Entry @ Market Price
Stop Loss @ 0.98
TP1 @ 0.9308
TP2 @ 0.9062
No. of Trades: 2
Move SL to Break Even if TP1 hits.
EUR/CHF SELLERS WILL DOMINATE THE MARKET|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 0.941.
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Bearish drop?EUR/CHF is reacting off the resistance level which is a pullback resistance that lines up with the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.95493
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.96505
Why we like it:
There is a pullback resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.94270
Why we like it:
There is an overlap support level which lines up with the 38.2% 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.
EURCHFEURCHF Long Burgain Hunting
- Price above 15 period Hull Moving Average
- Burgain Hunting entry
- R:R 3:1
- Added Trend Filter based on MA Angle
- Added Stop Loss bufor - Minimum/Maximum of entry bar + 5 pips
The ultimate goal is to make the system simple and easy to follow, simple rules, buying discount and selling premium. Cheers.
EURCHF Elliott Wavehello friends
In the EURCHF currency pair, we see a completed 5-wave impulse, and a fully detailed 5-wave correction has formed, which could be wave A.
With the breaking of the trend line of the bottom of this wave and pullback to it, you can enter a sell trade.
These things have happened and it is possible to enter this trade with a loss limit of 0.9561 which is a conservative approach.
The minimum profit limit is 0.9380.
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Be successful and profitable.
EURCHF Is Going Down! Sell!
Please, check our technical outlook for EURCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.954.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.944 level soon.
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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EUR/CHF Stability Hinges on 1M Pivot PointHello Everyone,
EUR/CHF has rebounded from the 1-year support and has since found additional support. Now, a stable position above the 1-month pivot point (PP) is crucial. If the 1-month PP acts as resistance, supports will be tested again. Sellers remain very active and are anticipating a rejection at the 1-month PP.
TradeWithTheTrend3344