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Eurchfbuy

0.92 In Focus: Imminent Reversal or New Lows Ahead?Are we about to see a double bottom reversal, or will price break down again? Going back to my idea posted in December 2023 (see related post), we had a great buying opportunity on the dip below 0.94, followed by a strong rally towards parity, falling just 80 pips short. That upward move ended in May, and since then, the price has broken down again, with last month taking out last year's low, hitting a new all-time low at 0.921. So, what’s next? Will the price continue to break down, or are we seeing signs of a double bottom reversal on the weekly charts? Let’s break it down. On the weekly charts, after hitting the new low last month, we saw a strong reaction with a nearly 360-pip rally before the price broke down again. Zooming into the daily charts (image below), it looks like we could see a move back down under 0.93 into the marked buy zone. Looking more closely at the daily chart with the MACD indicator, there are signs of a double bottom pattern forming, along with bullish divergence, signaling a potential buying opportunity on dips below 0.93. Supporting this further, divergence signals are also forming on the 4-hour charts (see image below), with the price slowly grinding down while the MACD moves higher. This is clear evidence that momentum is slowing as we approach a key higher-timeframe area of interest. Given these signals, I expect one final breakdown under 0.93, followed by a strong rally. However, I won’t be blindly entering buy trades here. Instead, I’ll wait for the final push down and look for BUY signals on my TRFX indicator from the 4-hour to daily timeframes, with the strongest signal likely appearing on the daily. If this setup plays out, I fully expect a move back up to test parity, with my first target being last month’s high at 0.958, where we could encounter some resistance. The second target will be the 2024 high at 0.992. For this setup to be invalidated, we would need to see a clear weekly break and close below 0.925. Let me know your thoughts below! :)
Long
by TheFxAce
6
EUR/CHF Bank Money Heist Plan on Bullish SideHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist EUR/CHF Bank based on Thief Trading style Technical 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 level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 30M timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
EURCHF Technical Analysis and Trade Idea👀👉 I’m closely monitoring the EURCHF currency pair. Currently, we’re observing a market structure break with a higher high on the chart, along with the potential formation of a base that could lead to further upward movement. If the market conditions align as discussed in the video, I’ll be looking for a buying opportunity. This analysis highlights key elements of technical analysis, including trend identification, price action, and market structure. We'll also outline a potential trade setup and explore strategies to enhance the likelihood of success. Please remember, this analysis is for educational purposes only and should not be considered financial advice. The observations made are speculative and do not guarantee future market outcomes. It’s crucial to verify current price actions before making any trading decisions. This presentation provides a thorough review of the current trend, market structure, and price dynamics. However, it’s essential to understand that while this information is educational, it does not ensure trading success. Trading in the foreign exchange market carries significant risks, and we strongly recommend applying sound risk management practices in all your trades. We urge you to conduct extensive research and carefully consider all factors before making any trading decisions. Stay informed, exercise caution, and approach the markets with a well-crafted strategy. 📊✅
Long
by tradingwithanthony
2
7 Dimensions BUY SETUP FOR EURCHFCore Analysis Method: Smart Money Concepts This analysis focuses on identifying a potential trade setup using Smart Money Concepts on the H1 timeframe. Here's the detailed breakdown: 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: The market is in a bullish structure with back-to-back Breaks of Structure (BOS). After the last impulsive move, the corrective phase with 4 minor pullbacks has reached its conclusion, characterized by a bearish internal structure. The last swing involved a liquidity sweep that mitigated the Extreme Order Block (OB) and Sell Order Block (SOB) in the Discounted zone. This scenario creates a high probability for the initiation of another impulsive bullish move. The same area also acts as a support or demand zone, further strengthening the potential for a bullish reversal. Pattern: 🟢 Chart Patterns: Reversal: A Double Bottom with a fakeout at the Point of Interest (POI), signaling potential bullish strength. 🟢 Candle Patterns: A long wick pin bar, known as one of the strongest reversal signals, has appeared right at the POI. Multiple momentum candles observed before the pin bar indicate climactic player activities and profit-taking. A Tweezer top and Narrow Range 6 candles breakout have also been observed, adding to the reversal signal. Volume: 🟢 A significant volume spike has been noticed right at the pin bar, which is a strong sign of a potential reversal. Momentum RSI: 🟢 The current price is in a bearish to sideways zone, but a powerful divergence suggests that the market is preparing for a shift in momentum towards bullishness. Volatility Bollinger Bands: 🟢 After a massive volatile move, Bollinger Bands contraction has started. The upcoming breakout will be crucial in determining the next move. Based on price action, an upper band breakout is anticipated, as the price has formed a Headfake and W pattern with multiple Band Punchers. Strength ADX: ADX is currently neutral, indicating a potential shift in momentum is brewing. Rating: ⭐⭐⭐⭐ (4 Stars) Probability: 75% This trade setup has a high probability, indicating strong confidence in a potential bullish move. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ POI: Mitigated Extreme POI 💡 Decision: Open Buy position immediately. 🚀 Entry: 0.9480 ✋ Stop Loss: 0.9445 🎯 Take Profit: 0.9648 😊 Risk to Reward Ratio: 3 RR 🕛 Expected Duration: 2 days SUMMARY: This trade setup on the H1 timeframe suggests a strong bullish opportunity. The market structure, volume, and momentum all point towards a potential reversal after a corrective phase. The pin bar at the POI, coupled with significant volume and bullish divergence in RSI, reinforces the likelihood of a bullish move. With a 75% probability, this trade setup offers a good risk-to-reward ratio of 3:1. The trade should be monitored closely, especially around the key levels of entry and take profit.
Long
by Optimum369
1:7 RR Buy Setup For EURCHF Core Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, the following analysis has been conducted: If we look at the daily timeframe, we see a very strong candle at the lowest level or swing level that made a fake breakout and then cleaned up the price. The next daily candles followed it up, and then the smaller timeframe, which matches the daily one-hour timeframe, also followed up with a good spike and body. All of these things make it a very good entry to buy. 😇 7 Dimension Analysis Time Frame: H1 Swing Structure: The current swing structure is bullish with a Break of Structure (BOS). Liquidity resting and sweep areas are identified below, indicating the potential for a deeper corrective swing. After taking inducement, the Point of Interest (POI) includes Extreme Order Block (OB), Fair Value Gap (FVG), and liquidity all clustered in the discounted zone, making this an attractive area for buyers. Pattern: 🟢 Chart Patterns: No chart patterns have formed yet for confirmation. Entry is based solely on Smart Money Concepts. 🟢 Candle Patterns: Candle stick patterns will be updated once the price reaches the POI. Volume: 🟢 Volume analysis indicates strong bullish control. Massive volume has been observed whenever the price moves in a bullish direction, while corrective moves lack significant volume. This suggests that bulls are in full control of this pair. Momentum RSI: 🟢 The price is currently in a bullish to sideways zone. There is no valid range shift yet, but a loud move has been observed, making this swing potentially dangerous for buyers. The loud move suggests a strong loss of momentum, which is a powerful signal in this context. We need to monitor further developments. Volatility Bollinger Bands: 🟢 After a contraction and expansion phase with a squeeze breakout and walking on the band, the bullish volatile move appears to be over. The price may enter a sideways zone for some time before potentially starting another bullish move. Strength ADX: The ADX indicates that bulls are currently in power. Rating: ⭐⭐⭐ The trade has been given a 3-star rating (60% probability) because the momentum and chart patterns are not fully supportive yet. The trade setup shows potential but requires careful monitoring. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish BOS ☑️ POI: Liquidity resting areas marked 💡 Decision: Buy limit orders 🚀 Entry: 0.9416 / 0.9394 (two positions with 50% risk for each; calculate lot size accordingly) ✋ Stop loss: 0.9352 🎯 Take profit: 0.9660 😊 Risk to reward Ratio: 1:6 🕛 Expected Duration: 7 days SUMMARY: The analysis suggests a potential bullish setup with entry points at 0.9416 and 0.9394, each with 50% risk allocation. The stop loss is placed at 0.9352, and the target is set at 0.9660, offering a favorable risk to reward ratio of 1:6. Given that momentum and chart patterns are not yet fully aligned, the trade has a moderate probability, and close attention should be paid to the price action as it reaches
Long
by Optimum369
EURCHF Technical Analysis and Trade IdeaIn the video, we analyze the EURCHF currency pair. Our assessment identifies a potential buying opportunity. We’ll deconstruct the current price trend, meticulously evaluate recent price movements, take market dynamics into account, and identify a potential entry point based on favorable technical analysis. However, it’s essential to emphasize the importance of robust risk management practices. Please remember that this video is purely educational and should not be interpreted as financial advice.
Long
by tradingwithanthony
EUR & CHF - The bad and the uglyWhat better way to start the new year than with a EURCHF long? I am open to suggestions. EUR view: ➡️ Inflation in the eurozone will rise slightly in early 2023 and climb towards the 3% mark🟢 ➡️ In addition, however, it will fall more sharply in the following months than the ECB currently expects, forcing the ECB to cut interest rates earlier than planned🟢 ➡️ My expectation here is March (at the earliest) or April 2024🟢 The CHF view explains why I still see the EURCHF strengthening in the short term: ➡️ The SNB will soon follow the ECB and also very likely make a 1st rate cut in the 1st half of 2024🟢 ➡️ Although Swiss inflation will also briefly move back towards the 2% mark at the beginning of 2024, driven by rent increases and higher electricity prices, it will then also stabilise below the 2% mark again🟢 ➡️ As soon as it returns from its skiing holiday in the Swiss Alps, the SNB will not be happy about the excessively high level of the CHF and will either tolerate a (slightly) weaker franc or even aim for it itself🟢 Conclusion: The EURCHF therefore has room for a 200 - 300 pip upward move and will very likely tackle this in the new year, giving me a good start to the new year!:)
Long
by PrimeTrading
4
EURCHF Technical Analysis and Trade IdeaThe EURCHF has reached a crucial support level. On the 4-hour chart, there has been a significant downward price swing resulting in an imbalance. This imbalance could serve as a target for price correction. Currently, we observe a higher low on the 4-hour timeframe, and I'm actively seeking a buying opportunity if the setup described in the video materializes. Should we witness a break, retest, and subsequent failure of the current range high, I will consider a buy position. However, if price fails to exhibit this bullish setup, we will abandon this idea. As always, please note that this information is for educational purposes only and should not be construed as financial advice.
Long
by tradingwithanthony
EUR/CHF LONG from .9724EUR/CHF has found support from the 100 EMA on H1 (at the open last night) and is heading north. The 25 and 50 EMA'son H1 are together and below the price and this will give strength to EUR/CHF BULLS. The 15M Pivot Point Supertrend is BULLISH and the Andean Oscillator has seen the green BUY signal line cross the red SELL earlier this morning and the green BUY and the signal are locked together and rising as the red SELL line flat lines. We have a STOP under the 100 EMA on H1 and a target of WR1 which is 62 pips above the currenct price. There's no scheduled news due until we have the US CB Consumer Confidence at 14:00 so there's nothing to on the horizon that may send the EURO south so I expect to see the price rise steadily on this pair over the next 24 hours.
Long
by forextraplaces
Just closed buys at EURCHFWhat's up folks, Just closed my buy on EURCHF Let me explain These are my confirmations\questions > Question 1 - Was EURCHF in momentum (bullish or bearish)? Yes, EURCHF is in bullish Momentum currently Question 2 - Who is interested (at this time)? Buyers are interested at this time Question 3 - Where are their stop losses? Stop losses would have been right below the highlighted levels (orange circle) Question 4 - Have those stop losses been taken out? Yes I believe Stop losses have been taken out already on EURCHF (orange zig zag line) Question 5 - Does the set up make sense for me to pursue? Yes I believe it makes sense for me to pursue this trade given the information I have The trade was closed at 1:1.52, not the biggest or best trade but after almost 2 days, it isn't doing much so I will take what I have and run with it I have many more confirmations I look for, this is just to simplify it so that I can quickly explain to you the reader Downvote if you didn't read this post and didn't try to understand OR Upvote if you did read this post and did try to understand
Long
by Brandon_evo4
EUR/ CHF !! 24/1/2024 Accumulate for Uptrend ⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: The price has accumulated according to the H1 frame, touching the EMA line and trading stably above the EMA line supporting the upcoming Uptrend. ⭐️ SET UP EUR/ CHF PRICE: 🔥BUY zone: 0.94400 - 0.94250 SL 0.93800 TP1: 0.94700 TP2: 0.95000 TP3: 0.95300 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Long
by Nova-Scalper
2
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.
Long
by Wiiso