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CHFEUR trade ideas

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
EURCHF Buy Signal For 300 pips profitIn terms of investment considerations, UBS has Changed its stance from its previous guidance of a 0.95-1.0 range for EUR/CHF. The firm now sees the currency pair grinding lower, with resistance expected in the 0.96-0.97 range and support near 0.92. However, if growth in Switzerland weakens more than anticipated, or if the SNB signals its discontent with CHF strength and takes action to weaken it, the EUR/CHF could potentially remain around 0.94-0.97... In the bigger picture, medium term corrective pattern from 0.9407 (2022 low) might have completed with three waves to 0.9928. Decisive break of 0.9252 (2023 low) will confirm long term down trend resumption. On the upside, however, break of 0.9497 minor resistance will turn bias back to the upside for 0.9579, 0.9720 resistance instead. Buying on dip within a range of 100 pips is advised for the target of 0.97 and 0.99....Good Luck
Long
by FOREX-MASTER1
3
EURCHF Will Move Higher! Buy! Please, check our technical outlook for EURCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.936. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.941 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
EURCHF Sell signal on the 1D MA200 rejection.The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the 2-year Channel Down, making a new Lower Low. The instant rise and rejection on the 1D MA200 (orange trend-line) confirms bearish extension bias similar to the June 22 2023 rejection. We remain bearish on this pair, targeting 0.926500 and then after a new bounce, make a final sell for a new Lower Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
The Other Side Of Risk Management + 3 Reasons Why The Dollar- Looking for the right broker, can be a very hard thing. Because you need to know that With the wrong broker, you can lose all your hard-earned money Its not easy to find the right margin to use. Using margin is not good for beginners, but if you want you can use margin to make profit as long as you know the right risk-reward ratio Have you ever tried looking for the right broker? This has been a major challenge for me so much as, that once i find the right broker am very happy and i feel safe with the risk management strategies i am using. When you trading a currency pair like this one try to make sure you find the right broker Because the stock market is a very volatile place. The Dollar is going to rise based on 1)unemployment numbers 2)Manufacturing index 3)the fed rate cuts These indicators are the reason why this currency is a good buy this week only, and today is your last chance to get in on this global dollar currency movement. To learn more Rocket Boost this content -- Disclaimer: Please learn risk management trading is risky you will lose money whether you like it or not. -- Also if you are looking for a good broker to trade 1)Currency 2)Stock 3)Crypto check out this link here-->
Education
by lubosi
The Other Side Of Risk Management + 3 Reasons Why $ Will Rise - Looking for the right broker, can be a very hard thing. Because you need to know that With the wrong broker, you can lose all your hard-earned money Its not easy to find the right margin to use. Using margin is not good for beginners, but if you want you can use margin to make profit as long as you know the right risk-reward ratio Have you ever tried looking for the right broker? This has been a major challenge for me so much as, that once i find the right broker am very happy and i feel safe with the risk management strategies i am using. When you trading a currency pair like this one try to make sure you find the right broker Because the stock market is a very volatile place. The Dollar is going to rise based on 1)unemployment numbers 2)Manufacturing index 3)the fed rate cuts These indicators are the reason why this currency is a good buy this week only, and today is your last chance to get in on this global dollar currency movement. To learn more Rocket Boost this content -- Disclaimer: Please learn risk management trading is risky you will lose money whether you like it or not. --
Long
by lubosi
Heading into 50% Fibonacci resistance?EUR/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.94637 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 0.95268 Why we like it: There is a pullback resistance level that lines up with the 78.6% Fibonacci retracement. Take profit: 0.93756 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
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