EUR & AUD Pairs quick analysisWelcome back everyone,
In this video we continue to breakdown our opportunities,
Please continue to watch fundamentals to ensure that our projected outlook remains the same.
A correction I want to make is that USD is actually strong with a Mixed sentiment as opposed to the weak USD we advised of in the video.
Cheers,
CHFEUR trade ideas
Sell EUR/CHF BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9385
Target Levels:
1st Support – 0.9350
2nd Support – 0.9330
Stop-Loss: To manage risk, place a stop-loss order above 0.9410. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EURCHF - 4hrs ( Buy Trade Target Range 150 PIP ) 🟢 Pair Name : EUR/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢 Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
0.94100 Area
Reasons
- Major Turn level / D
- Visible Range Hvn
- inner Channel Break
- Choch Zone
- Fibo Golden
- Week low Break
Bearish Reversal
0.95600 Area
Reasons
- Major Turn level / M
- Visible Range Lvn
- Pattern Target
- Month High
- Fixed Hvn
- Fibo Golden
EUR/CHF: Bullish Harmonic Pattern Signals Upside PotentialEUR/CHF: Bullish Harmonic Pattern Signals Short-Term Upside Potential
Yesterday, EUR/CHF completed a bullish harmonic pattern on the 60-minute chart, indicating a potential resurgence of bullish momentum. Despite the Swiss Franc’s strength across the currency board, which has been limiting upward movements in other pairs, this pattern suggests that EUR/CHF may rise again.
Given the price’s repeated movements within this area, we anticipate a potential upward trajectory for EUR/CHF, as illustrated in the chart. The first resistance zone is expected near 0.9390, with the second resistance zone around 0.9410
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Weekly Pivot (14-19)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
EURCHF: Is That a Bearish Trap?! 🇪🇺🇨🇭
Looks like we have a nice example of a bearish trap on EURCHF:
after a violation of a key support level, the price formed a cup & handle pattern
and started to recover rapidly.
With the violation of the neckline of the pattern,
the price successfully returned above the broken structure.
It looks like the pair may continue growing now.
Goal - 0.9388
❤️Please, support my work with like, thank you!❤️
EURCHF: Successive rejections on the 1D MA50. Bearish.EURCHF is bearish on its 1D technical outlook (RSI = 42.451, MACD = -0.001, ADX = 26.515) as it's been failing to cross over the 1D MA50 and reverse the trend. Given that the long term pattern is still a Channel Down, this gives a new sell signal with the RSI suggesting we are running a similar below 1D MA50 sequence as August 2023. For the remainder of the year, we are aiming for the bottom of the Channel Down, close to the 1.236 Fibonacci extension (TP = 0.91500).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
EURCHF - shortWe're terribly late in publishing this idea but it's still good because we're talking about a 4 hr move. In fact, we would normally never take - and God forbid recommend - a trade with such a low risk to reward but in consideration that the target is in reality the 4hr target and that the 4hr cross in the red on the macd is already confirmed, we are pretty confident that the target will be met. The annoying thing is that because we're late and because of the structure, we have to keep our stop above the 0.94231 level because on the very small timeframe (5 minutes) the correction can go one more up before falling and this is exactly what reduces our risk to reward in this trade. But, if we do get one more up in the correction on the small timeframe, we will adjourn the idea with a new setup on a small timeframe from a higher price point, in order to add a trade with a better RR ratio
Potential bullish up move from the weeks / monday lowThere still could be a manipulation of the Mondays low, but I'm already stalking for the long trade.
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔