EUR/CHF SHORT FROM RESISTANCE
Hello,Friends!
We are going short on the EUR/CHF with the target of 0.937 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
EURCAD: Bearish Continuation & Short Signal
EURCAD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURCAD
Entry Point - 1.4676
Stop Loss - 1.4700
Take Profit - 1.4620
Our Risk - 1%
Start protection of your profits from lower levels
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EURCHF - 4hrs ( Buy Trade Target Range 200 PIP ) 💵Pair Name : EUR/CHF
Time Frame : 12hrs Chart / Close
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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☑️Bullish Reversal
0.93250 Area
Reasons
- Major Turn level / W
- Visible Range Hvn
- Inner Pattern Break
- inner Choch Break
☑️Bearish Reversal
0.95250 Area
Reasons
- Major Turn level - M
- Channel mid Band
- Value Area
- Choch Area
- Pattern Targe r
- Fibo 0.61
EUR/CHF: Deciphering Multi-Timeframe Dynamics
EUR/CHF Technical Analysis
1. Monthly Chart Overview:
Trend Analysis: The EUR/CHF pair on the monthly chart shows a significant overextension. This suggests that the market may be overstretched, and there's a heightened probability of a price retracement or correction.
2. Weekly Chart Insights:
Fibonacci Levels: The weekly chart exhibits an even more pronounced overextension, with prices reaching the -0.618 Fibonacci retracement level. This is a critical technical point often associated with potential trend reversals or consolidations.
Market Sentiment: The extended nature of the price at this level could indicate a sentiment of heightened bullishness, which often precedes corrections as markets tend to revert to mean values over time.
3. Daily Chart Analysis:
Structural Shift: Contrasting with the longer-term charts, the daily chart indicates a shift in structure to a bullish trend. This suggests a short-term change in market momentum or sentiment.
Implications: This shift could lead to short-term bullish opportunities. However, it's crucial to consider this in the context of the broader bearish sentiment indicated on longer time frames.
4. Conclusion and Potential Strategies:
Market Synthesis: While the monthly and weekly charts suggest a need for caution due to potential overextension, the bullish signals on the daily chart offer opportunities for short-term trades.
Trading Approach: Traders might consider short-term bullish positions, keeping an eye on key resistance levels from the longer-term charts. It's essential to employ strict risk management strategies, including the use of stop-loss orders, to mitigate potential losses from sudden market reversals.
⚡️Strifor || EURUSD-18/01/2024Preferred direction: SELL
Comment: Previous trading ideas for shorting the euro work well. Despite the good way down we have already made, we continue to adhere to sell priority. We are patiently waiting for a move towards the main target at the level of 1.07000 .
Entry points for short-term trades are still relevant today. One can use a small stop loss of approximately 20 points.
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⚡️Strifor || USDCHF-18/01/2024Preferred direction: Neutral
Comment: For this instrument, we recently closed our growth target with a profit, but this growth potential is most likely not exhausted. Further growth is expected towards resistance 0.87757 . Here is our first and main scenario for the upcoming sale. Scenario №1 on the chart is the most likely, and it should even be said that the price may turn around this level without reaching it.
A less likely option, very aggressive on the part of the current limit buyer, is scenario №2 . Sell from the level of 0.89032 . In both options, the downside target is located at the level of 0.85696.
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The big corrective pattern? Continue the downward trendDear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
EURCHF Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for EURCHF is below:
The price is coiling around a solid key level - 0.9428
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9377
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCHF Is Going Down! Sell!
Please, check our technical outlook for EURCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.941.
Considering the today's price action, probabilities will be high to see a movement to 0.938.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURCHF - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. After price broke accumulation range, I want to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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EURCHF I Scalp and intraday short from resistanceWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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⚡️Strifor || USDCHF-11/01/2024Preferred direction: BUY
Comment: The dollar is still being considered for sale. There were low expectations that we would see a strengthening of the US currency before the publication of inflation data in the US. But nevertheless, the buy-priority remains in USD .
USDCHF forms a clear accumulation, which is filled with market sales. And this means a potential resource for growth. Technically, we continue to accumulate before reaching the level of 0.85696 , which also says more about an impending upward breakout of this resistance.
The scenarios are highlighted on the chart. The first is more likely, but the second may be realized just at the time of the publication of inflation data. That is, in the second case, there will be a preliminary false breakdown downward and then a growth above the level of 0.85696.
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EURCHF H4 | Potential bearish reversalEURCHF could continue to rise and meet with resistance at the sell entry level. From there price might reverse and fall to the take profit level.
Sell entry is at 0.94139 which is a pullback resistance level.
Stop loss is at 0.94754 which is an overlap resistance that aligns with the 23.6% Fibonacci retracement level.
Take profit is at 0.92649 which is a level that sits under a multi-swing-low support.
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EURCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring EURCHF for a buying opportunity around 0.93400 zone, EURCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.93400 support and resistance area.
Trade safe, Joe.
7 Dimensions Bearish Analysis for EURCHF 🕛 TOPDOWN Analysis
Yearly: Super bearish
Monthly: Just broke the bearish structure
Weekly: Also just broke bearish structure
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive move is fully intact
🟢 Inducement: Not done yet, but a bearish buildup suggests more bearish momentum may occur.
🟢 Internal Structure: Totally sideways
🟢 Decisional and Ext OB: Both unmitigated.
🟢 Support Breakout: Awaiting; at CIP, a re-entry opportunity may arise. Buildup and prebreak qualities indicate strong bearish momentum.
🟢 Traps: fakeout at the bottom support; in this situation, a rebreakout is expected for continuation.
🟢 Time Frame Confluence: H4
2️⃣ Pattern
🟢 CHART PATTERNS: Continuation - Fall and Base, Symmetric triangle at the base.
🟢 CANDLE PATTERNS: In a sideways market, candlestick patterns might gain importance at the support or triangle breakout.
3️⃣ Volume
🟢 Fixed Range: Very high volume structure breakout.
4️⃣ Momentum RSI
🟢 Zone: Currently in a bearish to correction zone, technically indicating a bearish trend.
🟢 Divergence: Hidden bearish at the last two internal swings.
🟢 Grandfather Father Son Entries: A 7-star setup is present for bearish.
5️⃣ Volatility Bollinger Bands
🟢 Full Tight Contraction: Squeeze breakout awaited.
🟢 Walking on the Band: Highly expected.
6️⃣ Strength According to ROC
🟢 Values: EUR 2.72 vs CHF 6.55
7️⃣ Sentiment
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current Move: Sideways
✔ Support Resistance Base: Triangle
☑️ Candles Behavior: Bears appear stronger.
💡 Decision: Sell
🚀 Entry: 0.9261
✋ Stop Loss: 0.9366
🎯 Take Profit: 0.91060, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 3
🕛 Expected Duration: 15 days
SUMMARY: The market is exhibiting a bearish bias, with a clear breakdown of yearly, monthly, and weekly structures. The H4 timeframe reveals a robust bearish setup, awaiting confirmation of a support breakout for potential sell entries. Various indicators, including volume and momentum, support the bearish sentiment. The analysis recommends selling with a defined risk-to-reward ratio and a 15-day expected duration.
EURCHF Will Go Up From Support! Long!
Here is our detailed technical review for EURCHF.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.933.
The above observations make me that the market will inevitably achieve 0.936 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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