EURCHF trade ideas
EURCHF Will Collapse! SELL!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9773 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9754
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Sideway corrective patternEsteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules.
As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy.
I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision.
For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea.
My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace.
I express my gratitude for your continued support and kindness, and welcome your comments and critiques.
May my analysis be a valuable asset to your business journey, and I remain sincerely yours,
Mr. Nobody
EURCHFAnalysis Week - 22 Apr 2024
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Inside Cloud
Mid Term
20 x 50 D SMA - Above
50 x 200 D SMA - Above
Long Term - Bullish
Updated Dec 23 / Jan 24
Mar 24 - 0.9500
Dec 24 - 0.9900
Notes: >5y consecutive lows
Target 2024
25 Mar 2024 <6M> - 1.0000
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EURCHF Price Dynamics: Pivot Point AnalysisHello Everyone,
If EURCHF fails to cross and securely hold above the weekly and daily pivot points (PP), there's a likelihood of another attempt to test the monthly pivot point. Historically, this level has proven to be supportive.
Currently, sellers are significantly active, aiming for a price decrease, potentially targeting the yearly pivot point. Yet, recent price movements indicate that the monthly pivot point has provided substantial support for potential upward movement.
TradeWithTheTrend3344
EUR/CHF heading into 61.8% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97973
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98353
Why we like it:
There is a pullback resistance level.
Take profit: 0.97218
Why we like it:
There is an overlap support level.
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 EUR/CHFThe price moved out from the short term up trend channel bottom line and retracted, now, price is moving out from the short term up trend channel again.
It could be the cypher pattern "C" point generated and will start the "CD" leg to South.
SlowStoch and RSI are showing divergency in Daily time frame.
There could be two take profit positions in previous support lines.
EURCHF Bullish Money Heist Plan on Long sideMy Dear Robbers / Traders,
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Could EUR/CHF reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97976
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98340
Why we like it:
There is a pullback resistance level.
Take profit: 0.97219
Why we like it:
There is a pullback support level.
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.
EURCHF - BUY - Wycoff
Suggest Buy Euro
Strong today heading up
Daily trend looking up
Spring/Sweep with Painbar complete, taken out Stops/Liquidity
Bullish Engulfing Candles are many
Pull Back into Fair Value Gaps as they are generally called are there also.
Trouble is getting a good Entry
Soo many times stop gets hit if too close trying to be clever.
Still able to put Swing Low
Unemployment Rate coming up for the CHF as expected
Trade Balance is coming up for the Euro supposed to better than expected
Lets See.