EURCHFLooking for a sell trade on EC.
Reason to sell:
Sell pressure is higher than buy and also price is in overbought area in 4H chart.
Use proper risk management.
Thank you
EURCHF trade ideas
#EURCHF
According to the analysis, the specified targets are being recorded and the last targets will be hit
EUR/CHF - 2 Day Chart AnalysisWe can see the clear change of trend on the 2 day time frame for EUR/CHF after finding a base at the end of last year. Last week saw price pulling back towards the trendline, meaning that we could start to see buyers creeping in sometime in this new trading week. Keep an eye on the smaller time frames for clues.
EUR_CHF WILL GO DOWN|SHORT
✅EUR_CHF made a retest
Of the broken support level
Of 0.9842 which is now a
Resistance so we are bearish
Biased and we will be
Expecting a further move down
SHORT🔥
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EURCHF: Long Trading Opportunity
EURCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCHF
Entry - 0.9798
Stop - 0.9756
Take - 0.9859
Our Risk - 1%
Start protection of your profits from lower levels
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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!
Going for another tryPair is testing the broken support level after being rejected by the resistance at 0.98. I think is going to try is going to test again the 0.98 resistance. The double bottom is still active. SL triggers if a weekly candle breaks down the support and closes under it.
EURCHFEURCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 62% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea
EURCHF: Bulls Will Push Higher
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy EURCHF.
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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
EUR/CHF SHORT FROM RESISTANCE
Hello,Friends!
We are going short on the EUR/CHF with the target of 0.979 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCHF WEEKLY BIAS BULLISH-looking for a entry next week between Tuesday and Wednesday on London session
-confirmation will be focused on 1hr to 4hr CHOCH since its a weekly chart
EURCHF short EURCHF short
EURCHF was making HHs and HLs its HL was broken and there is a divergence on RSI as well. So seems market will be in downtrend from now.
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.
EURCHF MELTHead amd shoulders formed in zone then melted, may come back for a retest may not as it already broke. Down we go😶🌫️🫡
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
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.
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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.
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