EUR/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.982.
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CHFEUR trade ideas
EURCHF - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : EUR/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
0.98600 Area
- Major Turn level
- Channel Break Out
- inner Choch
- week / day High Break
- Fixed Range lvn
- Pattern / Counter Break
- Quarter's High Area
Bearish Reversal
1.0000 area
Reasons
- Major Turn level
- Pattern Target
- Major Liquidity Zone
- Year High Area
- Quarter High Areas
- Fibo 161.8 %
EURCHF BREAKOUT ON DAILY RESISTANCE EUR/CHF has confirmed a bullish breakout above the daily resistance level. We anticipate a continuation of this bullish trend towards the next resistance zone identified from previous price action. It is likely we will see a minor retracement before the pair resumes its upward rally.
DeGRAM | EURCHF decline in the descending channelEURCHF is moving in a descending channel between the trend lines.
The price has reached the upper boundary of the channel.
The chart has formed a bearish takeover.
We expect the decline to continue.
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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.
✅EUR_CHF TIME TO SELL|SHORT🔥
✅EUR_CHF will be retesting a resistance level of 0.9847 soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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#EURCHF: 400+ PIPS SELLING OPPORTUNITY Dear Traders,
EURCHF, we have witness a strong change of character in the price, now we expect price to do small correction and reject from our entry point, we also have added stop loss and our take profit areas to make it more clear to all of you. Please keep in mind that tomorrow is NFP and market will likely to remain extremely bullish.
We wish you a great weekend, and we expect all of your support to continued.
Good luck.
Heading into pullback resistance?Price is rising towards a resistance level which is a pullback resistance and could potentially reverse from this level to our take profit.
Entry: 0.98393
Why we like it:
There is a pullback resistance level.
Stop loss: 0.98723
Why we like it:
There is a resistance at the 127.2% Fibonacci extension.
Take profit: 0.97762
Why we like it:
There is a pullback support which lines up with the 50% Fibonacci retracement.
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EURCHF Set To Fall! SELL!
My dear followers,
I analysed this chart on EURCHF and concluded the following:
The market is trading on 0.9797 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.9758
Safe Stop Loss - 0.9822
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURCHFEURCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
EURCHF: Very Bullish Pattern 🇪🇺🇨🇭
EURCHF formed a cup & handle pattern after a test of a key horizontal support.
I am looking for a bullish breakout of its neckline to buy the pair.
A daily candle close above 0.978 will confirm the violation.
A bullish continuation will be expected to 0.982 resistance then.
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