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Eurchfanalysis

EURCHF – looking heavy … the week of 29 July, 2024First of all, if you expect that every trade will be a winner, please move on. Don’t even bother to read this analysis. We have a bearish move that began at the end of May that retraced about 62%. This was followed by another leg down that is currently retracing. I am bearish on this pair and hopefully, we will see a decent move up that gives us a better price to short (& a more reasonable stop loss). I have an initial target at 0.9487 region with the possibility of a 2nd target much lower. If price moved lower without retracing, I will not trade this pair. If price continues to move in a bullish manner, that will negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
2
7 Dimension Sell Setup for EURCHFCORE Analysis Method: Smart Money Concepts 😇 7 Dimension Analysis Time Frame: H1 1️⃣ Swing Structure: Bearish with CHoCH 🟢 Structure Behavior: After a proper CHoCH, price reaches its extreme POI and previous high level, sweeping swing liquidity. Given the already bearish character, there is a high chance of further downside movement. 🟢 Internal Structure: Shows weakness with consolidation formation. 🟢 POI: Since liquidity is always swept at the extreme high, this is a high-probability sell area. 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal: Rounding Patterns, Double top. 🟢 CANDLE PATTERNS: Momentum: BUY Side FOMO appeared, followed by strong bearish candles at this point. 3️⃣ Volume 🟢 Volume on Breakout: Indicates no significant volume on the bullish side; bears are more in control at this point. 🟢 Volume: Increases whenever bearish candles are observed. 4️⃣ Momentum RSI 🟢 Range Shift: From bullish to sideways, with a preceding divergence and a loud move indicating loss of momentum. 5️⃣ Volatility Bollinger Bands 🟢 Squeeze Breakout: With walking on the band, forming on the bearish side. 6️⃣ Strength: Bears are taking control. 7️⃣ Sentiment: Highly bearish. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish, with liquidity sweep at extreme POI. 💡 Decision: Sell at opening. 🚀 Entry: 0.9749 ✋ Stop Loss: 0.9762 🎯 Take Profit: 0.9604 😊 Risk to Reward Ratio: 11RR 🕛 Expected Duration: 5 days SUMMARY The analysis identifies a bearish swing structure on the H1 time frame, marked by a Change of Character (CHoCH) and a move towards an extreme Point of Interest (POI). The price has swept swing liquidity, and with an already bearish character, there's a high probability of continued downside. Internal structure shows weakness with consolidation, indicating bearish control. Reversal chart patterns such as rounding patterns and double tops are noted, along with significant bearish candle patterns following initial BUY side FOMO. Volume analysis indicates increased bearish volume compared to bullish, suggesting bears are gaining control. Momentum indicators, including RSI, show a range shift from bullish to sideways with preceding divergence and loss of momentum. Bollinger Bands indicate a bearish squeeze breakout, with strength favoring the bears. Sentiment is highly bearish, leading to a decision to sell at opening. Entry is planned at 0.9749 with a stop loss at 0.9762 and a take profit target at 0.9604, providing an 11:1 risk to reward ratio. The expected duration for this trade setup is 5 days, contingent on continued bearish momentum and price behavior as outlined.
Short
by Optimum369
SELL SHORT from .9700 - Potential M TopI have recently posted some recommended trades that take advantage of gaps in the market. I did receive some adverse comments from someone who clearly doesn't understand enough about FX trading. I've been trading FX over 25 years. The key to making money by trading FX is to look for ANY market advantage. If you can identity certain well established and accepted key patterns (gaps, double tops, M-Top, W-Bottoms, pinbars, morning and evening stars etc etc) then you have a gained an advantage. That's not to say that gaps, double tops, M-Tops etc etc ALWAYS work out - of course they don't BUT............................they STATISTICALLY are proven to work out MORE OFTEN THAN NOT. So trading these patterns and candles make perfect trading sense. The key is identifying these patterns as they form and being ready to trade them. Yesterday we had a double top bang on WR1 resistance. Anyone who DOESN'T use pivots is a fool as far as I'm concerned as pivots are THE ONLY indicator that is set at the start of the week and as these support and resistance levels are frequently where traders will have SELL LIMIT or BUY LIMIT orders and they are also levels where traders will liquidate LONGS and SHORTS then you can prepare for a trade in advance. The EUR/CHF trade I suggested yesterday did not work out. I lost around 18 pips - so I'm not concerned because if the price DOES reverse from current levels then its likely to target the gap which would be 100 pips. So, as we have an M-Top pattern forming at resistance, I have a SELL STOP positioned at .9706 which is just below the WR1 pivot and this is the neckline of the M-Top. Remember - this pattern has NOT yet completed and will only complete if we see price head south down past .9706 over the next few hours.
Short
by forextraplaces
EUR/CHF is carving out a twin top - SHORT from .9700EUR/CHF opened with a gap this week and anyone who follows my posts will know that I always trade gaps as they ALWAYS fill. I'd expected the gap on EUR/CHF to have filled yesterday as price hit WR1 key resistance pivot but EUR/CHF BULLS managed to push the price back to WR1. One hour ago WR1 was hit and we now habe a double right on WR1. This is very BEARISH. I'm SHORT this pair from .9700 with STOP above the high at .9718 and a target of .9628 which will close the gap. RSI on H1 is declining though it should be noted that the red SELL line on the Andean Oscillator on H1 has yet to move off zero though it has on M30. MACD has also not yet signalled we a re SHORT so this trade is not a done deal and we cannot rule out EUR/CHF BULLS pushing the price back to the WR1 pivot. The trade has an 18 pip STOP so there's not much damage done if the price reverses though its highly probable that even if the price does head back north to WR1, its unlikely to make much further progress past this level. So the next key level is .9695 which will break the 200 EMA on M1 and this will then act as resistance to EUR/CHF BULLS.
Short
by forextraplaces
4
EUR/CHF Technical AnalysisEUR/CHF Technical Analysis Timeframe: 15-Minute Chart Chart Overview: In this 15-minute EUR/CHF chart, we observe a clear descending trend characterized by lower highs and lower lows. The price action reflects a bearish sentiment with key support and resistance levels marked to guide potential trading decisions. Key Elements: 1. Descending Channel: - The price is moving within a descending channel, indicating a prevailing bearish trend. The channel is defined by the upper resistance trendline and the lower support trendline. - This channel suggests that the price is making lower highs and lower lows, a classic sign of a downtrend. 2. Support and Resistance Levels: - Resistance Levels: Key resistance levels are marked at 0.97421 and 0.96952. These levels have previously acted as support, but now they may act as resistance as the price approaches them from below. - Support Levels: Significant support levels are identified at 0.95532 and 0.94752. These levels have provided a floor for the price action in the past and could be potential bounce points. 3. Price Patterns: A consolidation pattern is observed around the 0.95532 support level, where the price seems to be stabilizing after a significant downtrend. This consolidation could signal an accumulation phase, where buyers are gathering strength before a potential breakout. ### Conclusion: The EUR/CHF pair is currently in a bearish trend within a descending channel. Key support and resistance levels provide potential entry and exit points for trades. Volume spikes indicate significant market activity around these levels, making them critical for trading decisions. Always manage your risk with appropriate stop losses and position sizing.
by THE-10
EURCHF | Short D1 | Market Exec | Building Momentum for Risk OffTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to multiple Supply zones - Price action is close to multiple Resistance Trendlines as well - Targeting the 50% Fibo retracement for this trade Fundamental Confluences for Trade: - There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking. Suggested Trade: Entry @ Area of Interest 0.9830 - 0.9870 SL @ 0.9942 TP 1 @ 0.9720 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.9598 Risk-to-Reward @ Approx. 2.59 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
EURCHF Bullish Money Heist Plan on Long sideMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of EURCHF Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
EURCHF Bullish Money Heist plan to be RichMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of EURCHF Market based on Thief Trading style Analysis.. kindly please follow the plan i have mentioned in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
SHORT EUR/CHF from .9825With EUR/CHF hitting the road block of the WR1 pivot and as this coincides with the high of April 7th, there's a high liklihood that this pair will head south. The current H1 candle is BEARISH and this follows 3 H1 doji (indecision) candles. As all these candles have formed bang on the WR1 pivot we can get a SHORT tarde on with the STOP just above the WR1 Pivot so this trade has a 15 pip risk with a 60+ pip reward. The H1 RSI has been reading between 65 and 74 for the last 18 candles and is currently 66 so the RSI is declining suggesting the BULLISH momentum is turning. MACD on H1 is now BEARISH and although the Andean Oscillator is yet to catch up on H1, on the 30M time frame the BEARISH signal has been confirmed (as it it on all lower time frames). NIce R/R on this trade with the target being either the 200 EMA on H1 or the the WPP Pivot which sits just below.
Short
by forextraplaces