EURCHF: Another Bullish Move AttemptEURCHF: Another Bullish Move Attempt
The EURO is under very strong pressure against the CHF.
It is in a well-defined downward trend and the current situation in the EU is making everything difficult.
The CHF on the other hand is very strongly holding its place as a safe haven currency.
The price broke out of the pattern and is showing the probability of an upward correction.
Targets on the chart!
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Eurchfanalysis
EURCHF - Short from resistance ✅Hello traders!
⁉️This is my analysis on EURCHF.
Here we are in a bearish market structure, so I expect price to reject from resistance zone + institutional big figure 0.97000 after taking out liquidity above previous weekly high.
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EURCHF Sell
List of confluences:
1: Rising Wedge Breakout
2: Trendline Breakout
3:Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that EURCHF remains in a strong down trend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend.
We have listed 3 reasons as to why we will be looking to short/ sell the pair. We are expecting a potential return of between 6.35% to 12.7% at 1 - 2 % risk per trade.
EURCHF Sell• EURCHF broke my 4H structure a couple weeks ago and continued with bearish momentum, so I am looking for a sell on my 4H timeframe
• Price has pulled back to my 786 area so I am now looking for a bearish confirmation on my 4H timeframe.
• Stop Loss is placed at about 0.9735
• Take Profit is placed at about 0.9400
• R:R ratio is about 1:4
EURCHF possible sell zone!!EURCHF 4H has formed a bearish price action multiple liquidity grab from daily and weekly resistance. The current session's candle already tested the 4h 20EMA primarily rejected and as the price is respecting this long-term trend line, it is a high probability that the price will continue to respect and may drop.
On the retest of the trend line, a sell setup is highly probable according to the rules of our strategies :)
⭕️BUY EURCHF at the best place and time 😉 ❗️🔰You can see the analysis of Euro to Swiss Franc in 30 minutes time frame (EURCHF_ 30 min)🔍🧨
💥If the price can break the line of Downward trend🖤 and Resistance🧡 to the top and stabilize❗ above it, it can have an upward trend until the SUPPLY zone🚀🔺
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Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCHF Wedge and Double BottomEURCHF Broke out from beautiful previous falling wedge and rejected once back again on 50MA and Resistance area only to come back down to find support and to make a double bottom.
Still the pattern is not validated as it did not break the neckline yet.
But the price made another falling wedge pattern and broke out from it.
There is a major resistance at fundamental level 0.97. If the price managed to break it established above it we may see further appreciation. Might break the neckline as well.
EURCHF Multi-timeframe analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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EUR/CHF Trying To Take Previous Res , Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BUY EURCHF ???We have reached Monthly low from 2015 when the depegging event happened though I have seen data on MT4 platforms where the spike down was a lot lower see the support level below.
We can see price action getting very choppy around this level both on the weekly and daily charts and last weeks candle close looks very likely that we will get a move up from this level.
I will look to BUY the EURCHF at or below 0.96 and have a stop loss below 0.946 well under last weeks low as price could come down to test that before moving back up.
For profit target I will look to target the 0.997 area which is the last Weekly low that was taken out to create the current low I suspect price will target there and then sell off again before rallying back up towards the 1.04 area.
Markets are currently heavily driven by fundamentals so what should normally happen from a technical approach may not happen at all.