EUR/CHF - Bearish Bat Harmonic Pattern Signals Bearish TrendThe EUR/CHF currency pair is currently exhibiting a Bearish Bat Harmonic Pattern (XABCD) on the 4-hour chart. Point D, identified as the Potential Reversal Zone (PRZ), aligns with a critical Key Resistance area and intersects with a significant 4-hour Trend Line. This confluence of factors strengthens our bearish bias and suggests a potential bullish trend reversal from Point D.
Bearish Bat Harmonic Pattern:
The Bearish Bat Harmonic Pattern is a reliable technical indicator that signals potential reversal points in the market. In this case, the pattern's completion at Point D indicates a high probability of a trend reversal from bearish to bullish. This is supported by the alignment of Point D with a Key Resistance area and a 4-hour Trend Line, providing additional validation for this setup.
Confluence Factors:
Key Resistance Area: Point D coincides with a significant resistance level that has historically impeded upward price movement.
4-hour Trend Line: The intersection of Point D with the 4-hour Trend Line further confirms the likelihood of a bearish-to-bullish reversal.
Trade Setup:
Entry Point: 0.98030
Stop Loss: 0.98400
Take Profit Levels
TP-1: 0.97655
TP-2: 0.97280
TP-3: 0.96900
Conclusion:
The confluence of the Bearish Bat Harmonic Pattern, Key Resistance area, and 4-hour Trend Line suggests a high probability of a bullish trend reversal from Point D. Traders should consider entering at 0.98030, with a stop loss at 0.98400, and aim for the specified take profit levels. This setup offers a strategic opportunity to capitalize on the anticipated market reversal.
Eurchfsells
EURCHF Mr. King: Hello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze EUR/CHF a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
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EURCHF 1H👋 Hello and welcome traders to another trade
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EURCHF ShortHi Traders,
The market has broken the structure and it has on retesting the broken support turning resistance, moreover, the pair is on downtrend and it should be fine to sell this from this level; bear in mind that it's on the last days of the year, maybe trend is changing and this could be a fake breakout and it is an indication that the market finished its downtrend; if this breakout works and goes downtrend then this analysis is valid, if not and the market closes above the resistance, we may cancel the trade and open a long position.
Here is the setup:
EURCHF Sell at 1.08631
Stop Loss at 1.09076
Target Profit at 1.09076
Good Luck and Happy New Year everybody!
Euro / Swiss Franc EURCHF to SELLMarket getting ready to change trend for a sell.
RSI signalling overbought at 75 reading.
Get in on buy and enjoy your profits.
Market often forms a double top/bottom to signal trend reversal so look out for that.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
EURCHF SELL-27.10.2017Hello Guys,
Matter of fact, the Euro depreciation just begun. If you didn't catch that surge down , don't panic. Next week will offer better entries as more and more people jump, the EUR will jerk up a little bit before continuing with the plunge.
Two technical considerations advised my entry:
1. Notice that bear divergence pattern over the last 20 trading days or so. As EURCHF prices moved up, stochastics were trending down.
2. There is a stochastic sell signal in the monthly and the daily charts. That double bar bear reversal pattern in the daily chart after yesterday's ECB taper announcement triggered bears.
So, right now just watch price action. If you sell now, you won't be entering at best prices. Chill out and get better entries which guarantee good risk reward ratios next week.
Overly, 500 pips is what we should be aiming at in this currency pair especially if there is a break below that support trend line in the daily chart.
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