EURCHF medium-term BuyThe EURCHF pair has been trading on Lower Lows since June, below both the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). However since June 29 and its Double Bottom, the 1D RSI started forming Higher Lows, indicating a Bullish Divergence. Being a similar structure to that of September - December 2021, we give higher probabilities of a medium-term rebound towards the 0.382 Fibonacci retracement level (1.000), even if one last low is made near 0.9600.
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Eur-chf
EURCHF: 2 Scenarios For This Week Explained 🇪🇺🇨🇭
Update for EURCHF pair.
The market is nicely retracing from a key daily structure resistance.
Analyzing a price action on multiple time frames, I see 2 potential scenarios:
Bullish
If the price breaks 0.979 - 0.982 daily supply area and closes above that
I will expect a bullish continuation to 0.987 / 0.9915 levels.
Bearish
The market is trading in a global bearish trend and may drop from the underlined blue resistance.
To catch a trend-following trade from that, watch a triple top formation on 4H time frame.
0.9755 - 0.9765 is its horizontal neckline. If the price breaks and closes below that on 4H,
I will expect a bearish move to 0.9727 / 0.9711 levels.
Breakout will clarify the future direction of the pair, so be patient and wait.
What scenario do you expect?
❤️If you have any questions, please, ask me in the comment section.
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Short term bias remains negative on EURCHFEURCHF - Intraday - We look to Sell at 0.9809 (stop at 0.9831)
Our short term bias remains negative. 0.9811 has been pivotal. Previous support at 0.9810 now becomes resistance. Preferred trade is to sell into rallies.
Our profit targets will be 0.9755 and 0.9745
Resistance: 0.9800 / 0.9820 / 0.9840
Support: 0.9780 / 0.9760 / 0.9740
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EUR/CHF:REVERSAL | PRICE ACTION ANALYSIS | LONG SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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Intraday rallies continue to attract sellers in EURCHFEURCHF - Intraday - We look to Sell at 0.9882 (stop at 0.9903)
Bespoke resistance is located at 0.9880. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to sell into rallies. Our short term bias remains negative.
Our profit targets will be 0.9828 and 0.9818
Resistance: 0.9860 / 0.9880 / 0.9910
Support: 0.9850 / 0.9830 / 0.9800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Our short term bias remains negative on EURCHFEURCHF - Intraday - We look to Sell at 0.9943 (stop at 0.9964)
Our short term bias remains negative. There is no clear indication that the downward move is coming to an end. 0.9945 has been pivotal. Previous support at 0.9945 now becomes resistance.
Our profit targets will be 0.9888 and 0.9878
Resistance: 0.9900 / 0.9920 / 0.9945
Support: 0.9870 / 0.9850 / 0.9830
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
EURCHF - Channel Bounce! 🚀Having revisited EURCHF, we can see that there's a really clear channel at play. We can take advantage of this by trading within the channel parameters.
There's EUR news tomorrow that may help move EURCHF back up to the highs of the channel.
Trade Idea:
- Watch for break of the descending red trendline for confirmation
- Once entered, SL below the lows (below channel)
- Targets: 1.02 (300pips), 1.045 (580pips)
Goodluck and as always, trade safe!
EURCHF Buy opportunity on an RSI Double BottomThe EURCHF pair has been on a strong sell sequence since the June 09 High, which in fact was a Double Top with the May 10 High. The strength of the sell-off is similar to the Feb 07 - March 07 sequence. Interestingly enough, today's low makes an ideal Lower Low if the pattern in the making is a Channel Down.
With the 1D RSI making a short-term Double Bottom, this is technically the ideal spot for a medium-term buy targeting the 1D MA50 (blue trend-line). If we close below the Lower Lows, be ready to limit the loss and gain exposure again on the dashed trend-line.
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EURCHF Sell the previous support.EURCHF - Intraday - We look to Sell at 1.0049 (stop at 1.0072)
The weaker Euro has boosted performance.
There is no clear indication that the downward move is coming to an end.
20 4hour EMA is at 1.0043.
Previous support at 1.0050 now becomes resistance.
Our profit targets will be 0.9992 and 0.9982
Resistance: 0.9980 / 1.0000 / 1.0050
Support: 0.9960 / 0.9930 / 0.9900
EURCHF Sell a break setup.EURCHF - Intraday - We look to Sell a break of 1.0397 (stop at 1.0421)
We are trading at overbought levels.
The medium term bias remains bearish.
A higher correction is expected.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.0342 and 1.0332
Resistance: 1.0420 / 1.0440 / 1.0460
Support: 1.0400 / 1.0380 / 1.0360
EURCHF: Key Levels to Watch This Week 🇪🇺🇨🇭
Hey traders,
Here is my latest structure analysis for EURCHF pair.
Resistance 1: 1.0188 - 1.026 area
Resistance 2: 1.0477 - 1.0515 area
Support 1: 1.0088 - 1.01 area
Support 2: 0.997 - 1.003 area
Consider these structure for pullback/breakout trading.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCHF - Catch Wave 3! 🚀EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down to the structure level
- Watch for a bounce before entering
- Stops below the structure level
- Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips)
As always, goodluck and trade safe!
EURCHF a turn at the 0.5 Fib 🦐EURCHF on the 4h chart after the test of the 1.05 level retraced at the 0.5 Fibonacci level.
The market, after a few tests of the support area can start a new impulse and is now trading above a weekly resistance.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break above to set a nice long order according to the Plancton's academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCHF, H4 Potential bullish continuationOn the H4, with price moving above the ichimoku cloud , we have a bullish bias that price will rise to our take profit at 1.04915 where the swing high resistance is from our buy entry at 1.03358 where the overlap support, 61.8% fibonacci retracement and 61.8% fibonacci projection are. Alternatively, price may break entry structure and head to our stop loss at 1.02431 where the swing low support and 100% fibonacci projection are.
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