EURCHF trade ideas
EUR/CHF at a Critical Juncture: Will It Move Higher?The EUR/CHF pair has been experiencing a prolonged downtrend over the past few months, with consistent declines culminating in a record low of 0.9208. This scenario underscores strong seller dominance, as the market continually tests new support levels.
Descending Triangle Analysis
Currently, EUR/CHF is consolidating within a descending triangle pattern. This formation is characterised by a horizontal support line at the base and a descending trend line at the top. It indicates a temporary balance between buyers and sellers, although with escalating selling pressure as each peak becomes lower. Historically, the descending triangle is viewed as a continuation pattern, suggesting a higher likelihood of a breakout in the direction of the prevailing trend, which in this instance is downward. However, the horizontal support around 0.9305 has emerged as a psychologically significant level, acting as a protective barrier for buyers.
False Breakout of Support
On 19 November, EUR/CHF exhibited a false breakout below this support level, with the price momentarily breaching it. The presence of long lower shadows on the candles indicates a substantial rejection of selling pressure. This behaviour may suggest that, at least in the short term, buyers still maintain the ability to defend this critical level.
Additionally, analysing the candle formations at the support provides insights into market sentiment. The emergence of long lower shadows implies that, despite a prevailing bearish environment, active buyers perceive value at current price levels. This rejection may open doors for a potential recovery, particularly if there is a convincing breakout above the descending trend line of the triangle.
The sellers' behaviour is also notable: their inability to generate higher highs indicates that while they are persistently pushing prices lower, this pressure is gradually being absorbed by buyers at lower levels. This dynamic interplay of forces makes triangles a critical pattern to monitor, as any breakout—upwards or downwards—typically results in substantial price movement.
The key now is to observe whether buyers can gather enough strength to breach the downtrend line, which could invalidate the classic continuation pattern and signify a potential reversal or at least a more pronounced corrective movement. Conversely, if sellers effectively break through the horizontal support without significant rejections, the triangle will confirm its continuation structure, allowing the downtrend to extend.
Bullish Scenario
If the price manages to break above the triangle’s downtrend line, it could signify a reversal or at least a considerable correction. The initial target for this upward movement would be:
First Target: The 0.9500 region, marking the next recent high.
Final Target: The 0.9770 level, which represents a significant peak in recent months.
A breakout of the upper trend line, supported by confirmations such as increased volume or bullish candlestick patterns, would enhance the potential for upward movement.
Bearish Scenario
Alternatively, if the support at 0.9305 is broken, EUR/CHF may continue its downward trajectory. Such a breach would align with the descending triangle formation, with potential targets including:
First Support: 0.9250 (a psychologically important level and previous support zone).
Final Support: 0.9200 or lower, potentially exploring uncharted territory.
EUR/CHF stands at a decisive moment. The rejection observed at support and the formation of the triangle provide opportunities in both directions. Monitoring price action against the upper trend line and horizontal support will be crucial for identifying the next significant move in this evolving market landscape.
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EURCHF looking weak. re-distribution?Taking a trade when it reaches the POC (where there was the most volume).
TP et the low of the last big low.
Invalidation if it takes out the last high.
A potential 5.0 Risk to Reward setup
I think this is a big re-distribution and we are continuing to the downtrend
Here is a closer view at the entry potential:
We can see that I call it a fake bounce because it went down violently, but is struggling to go back up:
EURCHFHello Traders,
Here’s my analysis for this currency pair. Feel free to leave any questions or comments below.
Note: The entry will only be considered once the conditions align with your strategy. I recommend adding this pair to your watchlist and monitoring it closely for potential opportunities.
Pro Tip:
One of the best ways to improve your trading skills is by learning from others. Whether it’s market analysis or trade setups, studying different ideas will not only help strengthen your skills but also refine your strategies.
Good luck and happy trading!
EURCHF - 4hrs ( Sell Trade Target Range 140 PIP ) 🟢 Pair Name :EUR/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
0.93250
Reasons
- Major Turn level
- Visible Range Value
- Pattern BReak
- Choch Zone
- P / Week low
Bullish Reversal
0.92000 area
Reasons
- Major Turn level
- Pattern Target
- Fibo Golden
- P / Year Low
- Choch Zone
EURCHF 4hr ShortEURCHF
✅ 4hr Short ✅
💰ENTRY: 0.93605
👎STOP LOSS: 0.93703
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
EURCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for EURCHF is below:
The market is trading on 0.9373 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9394
Recommended Stop Loss - 0.9361
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURCHF 4hr ShortEURCHF
✅ 4hr Short ✅
💰ENTRY: 0.93822
👎STOP LOSS: 0.94006
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅ 1. Weekly Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bearish and trending below the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing high Engulfing candle below the 50ema.
This is a great example of my systematic system.
EURCHF: Pullback From Support 🇪🇺🇨🇭
EURCHF looks bullish after a test of an intraday/daily horizontal support.
A confirmation signal is a formation of a double bottom pattern with a nice bearish trap on that.
With a high probability, the price will go up to 0.9386
❤️Please, support my work with like, thank you!❤️
EURCHF Bearish, 0.934265 Support Key for ReversalHello,
OANDA:EURCHF is likely to experience further bearish movement after the elections, with the price expected to test the 1-year support level. However, if the 1-month strong support at 0.934265 holds, there may be a potential for a bullish reversal, though it's important not to get too optimistic.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURCHF Will Continue Its DowntrendThe EURCHF currency pair reacted to the outcome of the US elections and the collapse of the government in Germany, the eurozone's largest economy, with significant price losses.
We assume that the downtrend will continue, but recommend waiting for a pullback to the 0.9412 area before going short again in order to optimize the RRR for the trade.
EURCHF breakout tradeEurchf broke range and completed a 3 wave correction. The entry will be earlier than expected due to loss of momentum. I am expecting price to breakout from here to higher highs and beyond. Analysis is made purely based on Elliot wave theory and my own theory of momentum. Trade at your own risk.
Leave a comment if u like my idea. If not please dont leave a comment.
EURCHF 75PIPSIdentify the Low Point for Stop Loss:
Check the recent low on your timeframe (could be a few candles back on your chart).
Set your stop loss slightly below that low to avoid getting taken out by market noise.
Entry Point:
Enter the trade near a level of support if you are buying or near resistance if you are selling.
Ensure your risk-to-reward aligns with your 5-pip target.
Take Profit:
Set a take profit level 5 pips above/below your entry point (depending on the direction of your trade).
5 pips is tight, so timing and volatility in the EUR/CHF pair will be critical for a quick gain.
EURCHF Technical Analysis! BUY!
My dear subscribers,
This is my opinion on the EURCHF next move:
The instrument tests an important psychological level 0.9364
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.9388
My Stop Loss - 0.9347
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK