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Eurchfforecast

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
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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
EUR/CHF Harmonic Pattern Analysis: Anticipating Bearish Reversal___________________ Technical Analysis of EUR/CHF __________________________ Harmonic Pattern Analysis: EUR/CHF has recently formed an XABCD harmonic pattern, indicating a potential reversal in the current trend. This pattern has manifested itself alongside the key resistance area, suggesting a significant level where bearish pressure may intensify. Entry Strategy: Considering the formation of the harmonic pattern and the positioning of the price at the key resistance area, it is advisable to initiate a short position near 0.98010. This entry point aligns with the anticipated bearish move from point D of the harmonic pattern. Risk Management: To effectively manage risk, a stop-loss order should be placed near 0.98370. This level is strategically chosen to mitigate potential losses in case of adverse price movements beyond our anticipated entry point. Profit Targets: Profit-taking objectives are set as follows: - TP-1: 0.97650 - TP-2: 0.97295 - TP-3: 0.96918 These profit targets are based on technical analysis and aim to capitalize on potential downward price movements in EUR/CHF. Conclusion: In conclusion, the technical analysis of EUR/CHF suggests a bearish outlook, with the formation of a harmonic pattern and price action near a key resistance area. By adhering to the outlined entry, risk management, and profit-taking strategies, traders can position themselves to potentially capitalize on the anticipated bearish move in the currency pair.
Short
by trading_jupiter
7
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 fxtraderanthony
EUR/CHF Technical Analysis: Entry Opportunity IdentifiedAssumptions: - EUR/CHF is observed to be adhering to a robust trendline channel, indicating a clear directional bias in the market. - Entry is suggested at the prevailing price of 0.97560. - Stop Loss is recommended to be placed near 0.96960 to mitigate potential downside risk. - Take Profit levels are set at TP-1: 0.98150 and TP-2: 0.98760. Analysis: EUR/CHF has demonstrated resilience within its established trendline channel, affirming a bullish trajectory. The current price presents an opportune entry point, aligning with the upward momentum witnessed in recent sessions. A well-placed Stop Loss near 0.96960 provides a safeguard against adverse market movements while allowing for potential upside exploration. Trade Recommendation: Based on the technical analysis and assumptions outlined, a long position is advisable for EUR/CHF at the current price level of 0.97560. Traders are encouraged to exercise disciplined risk management practices by adhering to the suggested Stop Loss and Take Profit levels. TP-1 at 0.98150 and TP-2 at 0.98760 offer strategic exit points to capitalize on anticipated bullish movements. Disclaimer: This analysis is for informational purposes only and should not be construed as financial advice. Traders are urged to conduct their own thorough analysis and consider market dynamics before executing any trades. Past performance is not indicative of future results.
Long
by trading_jupiter
2
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 fxtraderanthony
EUR/CHF SELL from .9617 Looking at the last 12 candles on H1 we can see a triple top at a line of resistance at .9228/30 and the last 3 candles all have long wicks forming another triple top and if the current candle continues south, this will be a quadruple top. Its clear that there is an almighty struggle for domination of this pair between the BULLS and the BEARS and with the fast MA moving down over the slow MA on H1 MACD and RSI now reading 55 whereas it was over 70, the suggestion is that EUR/CHF BEARS are taking control. Adding to this analysis is The Andean Oscillator that now has the green BUY line under the signal line and the red SELL line climbing off zero and starting to head north. All the technicals suggest we are headed lower so I'm SHORT with a hard STOP above the high at .9630 (13 pips). Target for this trade is the 200 EMA at .9592 which is just below the WPP mid pivot. As ever though , the target may change depending on momentum.
Short
by forextraplaces