EUR/CHF Very Clear BOS towards upside and now waiting for price to pull back to enter the position on 4H TF or 10H TF , whichever price action will look good. Price respected the protected low and Give us good rebound back towards upside, now I will be setting an alert on price and do nothing until price pullback so that I can enter the trade. Waiting patiently is the key to success.
EURCHF trade ideas
BUY EURCHF - Don't suffer with FOMO!!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
EURCHF My Opinion! BUY!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9387 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish
continuation.
Target - 0.9422
Recommended Stop Loss - 0.9369
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.
———————————
WISH YOU ALL LUCK
First use if alarms on trendlinesDrawing trend lines on the EUR/CHF I decided for the first time to use alarms as I was rarely present at the right time to place an order. It worked well but it was night time and I waited the morning to place the order … in a way maybe it was safer to wait the completion of a candle.
This is a demo account and a first trade; money management was clearly not respected as I personally limit myself to 1000 usd stop loss on a 100k account. For the TP level it seems a long shot but graphically I think it stands. On the psychological aspect, if it was a real trade would I keep it running? I doubt it, but if anyone has done something similar in real trading, I’d be glad to hear your thoughts.
Hoping to publish better trades in the future
POTENTIAL SHORT TRADE SET UP FOR EURCHFAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), forming a reversal head-and-shoulders (HS) pattern at the peak of the swing high area. Subsequently, the price broke below the ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern.
Expectation: A downward move is anticipated, targeting the previous swing low area.
⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
EURCHF gaining the MOMENTUMHere we see prices were unable to form a lows. We can see bullish engulfing candle , and a proper break of structure that forms an order block which is now activated. Although it is an aggressive entry but can be a great opportunity if aligns with the momentum of pre London opening.
Possible scenario for EURCHF looking at the 1st scenario, we are aiming for an upward trend; for that, the price must break the marked resistance. Overall, the trend is also quite bullish and respects parallel channel quite well. Scenario 2 tells another story in which we are looking for a bearish trend and in the favour of this situation the price has broken the trendline but for further confirmation, it has to break its last HL and then make a proper LH. Right now the big picture indicates a bullish trend.
Bearish reversal?EUR/CHF is rising towards the resistance level which is a pullback resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9428
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 0.94845
Why we like it:
There is a pullback resistance level.
Take profit: 0.93713
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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: Market Sentiment & Price Action
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCHF pair which is likely to be pushed up by the bulls so we will buy!
❤️ Please, support our work with like & comment! ❤️