EUR/CHF LONG.EUR/CHF LONG. My thinking is now going to get too high. That's why I pity LONG position.
Eurchflong
Eur Chf LongA Potential Reversal in a Bearish Trend
Introduction:
The EUR/CHF forex pair has been entrenched in a prolonged bearish trend, with a consistent series of lower highs and lower lows. However, recent price action and technical indicators suggest the possibility of a potential reversal to the upside. This analysis aims to explore the factors that indicate a short-term bullish opportunity within the context of the overall bearish trend.
Reversal Candlestick Patterns:
On the daily chart, we observe the emergence of bullish reversal candlestick patterns, such as a hammer or a morning star, near critical support levels. These patterns indicate that buyers are stepping in to push the price higher, potentially signaling a shift in market sentiment and the beginning of a bullish reversal.
Divergence on Oscillators:
Key technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are displaying bullish divergences. Despite the downward movement of the price, these indicators are forming higher lows, suggesting that the bearish momentum is weakening. This divergence often precedes a potential trend reversal, making it an important signal to watch.
Supportive Price Zones:
EUR/CHF has reached significant support levels that have historically prompted bullish bounces. As the pair nears these levels, traders are likely to show increased interest in buying, creating a temporary demand zone. These support levels add weight to the possibility of a bullish reversal.
Market Sentiment Shift:
Fundamental factors, such as changes in economic conditions or geopolitical developments, can lead to shifts in market sentiment. If recent positive developments have occurred in the Eurozone or uncertainties in Switzerland, it could prompt traders to reconsider their bearish positions on EUR/CHF, leading to a potential shift in favor of the Euro.
Oversold Conditions:
The prolonged bearish trend may have led to oversold conditions on various technical indicators. When a market is oversold, it indicates that selling pressure may have reached an extreme and could pave the way for a bullish reversal.
Conclusion:
Considering the emergence of reversal candlestick patterns, bullish divergences on oscillators, supportive price zones, potential shifts in market sentiment, and oversold conditions, the EUR/CHF forex pair presents a short-term bullish opportunity within the context of the existing bearish trend.
As with any trading opportunity, it is crucial to implement strict risk management strategies, including setting appropriate stop-loss levels. Trading against the dominant trend carries inherent risks, and traders must remain vigilant and ready to adjust their positions if the bearish trend reasserts itself.
EURCHF to find buyers at current range?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9753 (stop at 0.9729)
Our profit targets will be 0.9813 and 0.9823
Resistance: 0.9795 / 0.9815 / 0.9830
Support: 0.9778 / 0.9765 / 0.9750
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Bespoke support is located at 0.9755.
Previous resistance at 0.9755 now becomes support.
0.9750 continues to hold back the bears.
We look to buy dips.
Daily signals are mildly bullish.
We look to Buy at 0.9754 (stop at 0.9730)
Our profit targets will be 0.9814 and 0.9824
Resistance: 0.9780 / 0.9795 / 0.9815
Support: 0.9765 / 0.9750 / 0.9730
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF LONGwell as you the bullish candle in 4hr closed above the channel ,so we wair for reason for open the long position in smaller time frame in pullback
EURCHF to find support at previous resistance?EURCHF - 24h expiry
Our short term bias remains positive.
Previous resistance, now becomes support at 0.9785.
We look to buy dips.
20 4hour EMA is at 0.9776.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 0.9783 (stop at 0.9763)
Our profit targets will be 0.9833 and 0.9843
Resistance: 0.9800 / 0.9820 / 0.9835
Support: 0.9785 / 0.9765 / 0.9755
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHFHello guys, it's Rayhan
as you guys can see price made a Tripple bottom last week and broke the Neckline.
currently, price is accumulating around 0.97500 to 0.97800 and it's preparing for another ride.
also 50EMA and 200EMA are crossing each other. they've alreade crossed on H3
Daily Pivot level broked.
So my point of view is Bullish.
CHAPO_TRADEZ | EURCHF | CLEAN BULLISH SWEEPSimple 1:1 RRR. With previous price motion, we see added potential to the upside
EURCHF Will Grow!EURCHF broke out of
The falling channel and
Then went down to retest
It but is now growing again
So I think that we will see
A bullish move up !
EURCHF to find buyers at market?EURCHF - 24h expiry
Our bespoke resistance of 0.9750 has been clearly broken.
Previous resistance at 0.9750 now becomes support.
A lower correction is expected.
We look to buy dips.
Short term bias has turned positive.
We look to Buy at 0.9745 (stop at 0.9725)
Our profit targets will be 0.9795 and 0.9805
Resistance: 0.9770 / 0.9780 / 0.9787
Support: 0.9760 / 0.9750 / 0.9730
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EUR/CHF Finally Closed Above Strong Res, Is It The 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.
Forex Euro SwissFranc is heading towards top of the range Forex Euro Swiss Franc is heading towards top of the range on hourly time frame
EURCHF to stem dip at swing lows?EURCHF - 24h expiry
We are trading at oversold extremes.
0.9680 continues to hold back the bears.
Bespoke support is located at 0.9680.
0.9677 has been pivotal.
Support is located at 0.9680 and should stem dips to this area.
We look to Buy at 0.9681 (stop at 0.9661)
Our profit targets will be 0.9731 and 0.9741
Resistance: 0.9700 / 0.9710 / 0.9725
Support: 0.9690 / 0.9680 / 0.9672
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURCHF Falling Wedge Reversal Pattern 1H TFEURCHF instrument is showing bearish trend with bullish divergence at 1H TF. It shows Falling Wedge Reversal Pattern close to breakout at the upside. Took two trades at 1:2 risk and reward at 1% of portfolio.
EURCHF - Long IdeaDownside should be contained above 0.9704 to bring rebound. EUR/CHF can reach a strong resistance level at 0.9995. Also we have some medium resistance levels at 0.9845 and 0.9933.
EURCHF Trading Plan - 03/May/2023Hello Traders,
Hope you all are doing good!!
I expect EURCHF to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
BUY TRADE SETUP FOR EURCHFHey Traders,
Provided that the price of EURCHF broke above the bearish intra-day channel, i will be looking into a long term bullish trade.
However, the retest of the lower band of the main channel could also initiate the trade, if the intra-day channel failed to be broken.
Watchout for this as well. - Good luck.
EURCHF (Bullish)Patience is key when it comes to trading. waiting for market structure to form and to meet our confluences before entering.
EURCHF (Bullish)Price has reached the DAILY support level, along with the breakout at the end. Will go down different timeframes for a potential Buy trade.
EURCHF - Bullish trend formation Based on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first LH (lower high) is broken, it would confirm the formation of a bullish trend. I plan to enter a long trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
EURCHF BUY ConfirmationLast-day price makes a significant up trend and brakes the downtrend structure, with the demand area that is already broken by the price we can confirm the buying opportunity.
EURCHF Breakout Long! EUR-CHF broke the
Resistance cluster of the
Falling and horizontal level of 0.981
And the breakout is confirmed
Because the 4H candle closed
Above the cluster so now
I am bullish biased
And I think that the pair
Will go higher up
20 Reasons for sell EURCHF🔆 MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW ☀️
✨ Eagle Eye: Looking at the 50-year historical trend, we observe a continuously low and extremely bearish pattern.
📆 Monthly: Price has recently tapped the monthly FVG and has started a new bearish move.
📅 Weekly: The weekly internal structure BOS suggests another strong bearish impulsive move.
🕛 Daily: A clean bearish formation has formed, and we need to seek short sell entries to participate in a long bearish run.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: Bearish
2 Pattern Candle Chart: Double top with internal BOS
3 Volume: The volume behavior is unusual. We need to wait for the breakout to confirm the market sentiment.
4 Momentum UNCONVENTIONAL RSI: Sideways momentum is observed at this point.
5 Volatility measure Bollinger bands: Double top formation is evident.
6 Strength ADX: The bearish DMI is currently in strength.
7 Sentiment ROC: CHF is stronger than EUR currently.
✔️ Entry Time Frame: H4
12. Entry TF Structure: Bearish
Entry Move: Impulsive
Support Resistance Base: Support breakout is necessary for entry.
FIB: Support breakout is required.
☑️ Final Comments: We should sell at the breakout. Once the price gives a closing signal below the support level, we can enter a short sell position.
16. 💡Decision: Sell
🚀 Entry: 0.9845
✋ Stop Loss: 0.9892
🎯 Take Profit: 0.9760
😊 Risk to Reward Ratio: 1:2
🕛 Expected Duration: 5 days
