EURCHF - WAIT PATIENTLY Hello trades, I want to share with you my opinion about EURCHF
Looking at the chart we can see after breakout from downtrend market moving same area onces the Market cross that resistance then I will buy and if market breaks the lower support then go for sell.
Guys, what do you think? Leave comment with your thoughts that will help me to understand different approach.
CHFEUR trade ideas
#EURCHF 4HEUR/CHF 4-Hour Chart Analysis: Buy Opportunity
Overview
The EUR/CHF currency pair has recently experienced a significant technical event on the 4-hour chart: a trendline break. This development presents a potential buying opportunity for traders looking to capitalize on the shift in market dynamics.
Key Observations:
Trendline Break: The pair has breached a key descending trendline that had been guiding the price movement lower. This break suggests a potential reversal or at least a pause in the downtrend, opening up possibilities for upward movement.
Market Sentiment: The trendline break often indicates a shift in market sentiment from bearish to bullish. This can attract buying interest and result in upward price momentum.
Confirmation: For a more reliable trade signal, look for confirmation through increased trading volume or additional technical indicators such as RSI or moving averages that support the bullish scenario.
Trade Setup:
Entry Point: Consider entering a buy position around the current price level or on a slight pullback to the broken trendline, which might now act as a support zone.
Stop-Loss: Set a stop-loss order below the recent swing low or the trendline to manage risk in case the market does not follow through on the bullish signal.
Target Levels: Identify potential resistance levels or use technical tools to set profit targets. The next significant resistance might be found at previous highs or psychological levels.
Conclusion
The break of the 4-hour trendline in the EUR/CHF pair indicates a potential buying opportunity. Traders should watch for additional confirmation signals and manage their risk accordingly. Keep an eye on market conditions and news that might impact the EUR/CHF pair to adjust your strategy as needed.
CHFEUR in doldrums but entry for bullish run comingCHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
CHFEUR in doldrums but entry for bullish run comingCHFEUR will get its push from the expected fall in the AMEX:USD this week. The EUR holders will seek some safety here and this will tie in with an established pattern observed since May where the CHF against the EUR has been following a clear ascending channel as in the 2hr chart. Expectations are a confirmed bullish breakout at about 1.0687 as a start of a more significant rise to the high of 1.0857. From here will be the more significant resistance and retracement.
EURCHF NEXT MOVE (LOOKING BEARISH)(17.09.2024)Go through the analysis carefully, and do trade accordingly.
Anup Bias (Mid term)
Current price- 0.94050
"if Price stay below 0.94250 then next target is 0.93550 and 0.93000
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of capital to follow any position.
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Sell EURCHF Triangle BreakoutThe EUR/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle 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 0.9395
Target Levels:
1st Support – 0.9353
2nd Support – 0.9324
Stop-Loss: To manage risk, place a stop-loss order above 0.9412. This helps limit potential losses if the price falls back unexpectedly.
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Best Regards, KABHI FOREX TRADING
Thank you.
EUR/CHFComplete analysis of the euro against the franc
1- An ascending price channel on the daily frame
2- Saturation on the RSI indicator
3- The appearance of divergence on the RSI/MACD indicators
4- The emergence of strong demand areas with the price channel line touching from below
So we start looking for demand areas to start buying
EUR/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/CHF pair is in the downtrend because previous week’s candle is red, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.931 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Bearish drop?EUR/CHF is reacting on the resistance level which is an overlap resistance that align with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.94293
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.94920
Why we like it:
There is an overlap resistance level that is slightly above the 127.2% Fibonacci extension.
Take profit: 0.93437
Why we like it:
There is a pullback support level.
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is EURCHF starting to put in a bottom here?if you believe that we are in for a hard landing as I do, then this trade makes sense in so much that during the potential upcoming risk off in the next 6mths, everything (including gold) will get sold... and EUR being more of a funding ccy these days could be bid back as CHF gets sold off in sympathy with Gold? we may not see bottom of this channel again soon but if we do then that's decent RvR imho....
EURCHF Short - We didn't retrace enough yetMy bet is that people FOMOd into the current fake bottom and will get stopped out before we might actually see an uprise. Besides of that, weekly lower highs, daily lower highs - wouldn't it make sense to retrace near the bottom of the current swing if we really want some upswing?
EURCHF Bear trend continuation Seller pressure is too dominant for EURCHF, and the price keeps breaking the trendline support and moving averages, indicating trend continuation to the downside.
Trading Signal: EURCHF MovementAttention Traders,
We have identified a new trading opportunity for the EURCHF currency pair. Based on our latest analysis using the EASY Quantum Ai strategy, you should consider the following trade setup:
Direction: Sell
Enter Price: 0.93315
Take Profit: 0.93114333
Stop Loss: 0.93640333
This recommendation is grounded in several key factors:
1. Technical Indicators: Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both indicate overbought conditions, suggesting a potential downward correction.
2. Economic Data: Recent economic indicators from the Eurozone, such as weaker-than-expected GDP growth and high inflation rates, negatively impact the euro's strength against the Swiss franc.
3. Market Sentiment: Sentiment analysis tools reveal a bearish outlook among major market participants, reinforcing our sell recommendation.
4. Geopolitical Tensions: Current geopolitical uncertainties in Europe are likely to contribute to increased volatility, favoring the Swiss franc as a safe-haven asset.
Ensure to manage your risk appropriately by setting the Stop Loss at 0.93640333 to protect against any unexpected market movements.
Happy Trading!
Your Quantum Ai Analysis Team