EURCHF WEEKLY BIAS BULLISH-looking for a entry next week between Tuesday and Wednesday on London session
-confirmation will be focused on 1hr to 4hr CHOCH since its a weekly chart
EURCHF trade ideas
EURCHF short EURCHF short
EURCHF was making HHs and HLs its HL was broken and there is a divergence on RSI as well. So seems market will be in downtrend from now.
Is the Downtrend Since 1973 Over?The latest Elliott Wave analysis of the EURCHF suggests that the downtrend, which has persisted since 1973, might have come to an end. At the end of 2023, the price marked a significant low at 0.925. This development could signal an exciting trend reversal.
A look at the Fibonacci Retracement shows that the 23.6% level serves as the minimum correction target. This level provides an initial indication of potential price targets, although the exact height of the possible rise remains unclear for now.
Traders and investors should keep an eye on this development, as it could present interesting opportunities. The EURCHF might now enter a new upward phase, offering exciting possibilities.
EURCHF MELTHead amd shoulders formed in zone then melted, may come back for a retest may not as it already broke. Down we go😶🌫️🫡
Possible long Trade for Eurchfincoming formation of Head and shoulders pattern and right shoulder align with fib 61.8 level, would like to see price reaction if price reaches to the red zone
Bearish divergence observed in EURCHF pairA bearish divergence is observed in the EURCHF pair in the hourly timeframe. We will wait for the confirmation and short when the previous LL is broken.
Euro bearish guard against Swiss francAt the same time as the price hits the ceiling of the descending channel, it has formed a AB=CD pattern as well as 5 rising Elliott waves. Between wave 3 and 5, we see the formation of negative divergence in the RSI indicator. It is expected that we will see the price fall at least to the Fibonacci range of 23%.
EURCHF - Long from trendline ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I have a confluence for a long position if price makes a retracement and then rejects from trendline + liquidity zone + institutional big figure 0.98000.
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EUR CHF SELLThere is a potential trend reversal on the Daily timeframe.
Stop loss: 0.9954
Take profit :0.9707
EUR/CHFA bullish butterfly spread in the context of forex trading is a strategy that isn't directly translatable from options trading since forex typically involves trading currency pairs rather than derivatives like options. However, we can draw parallels by using a combination of spot trades and/or forex options to create a similar payoff structure. Here’s a conceptual adaptation of a bullish butterfly spread for forex trading:
Profit and Loss
**Benefits**:
- **Limited Risk**: The maximum possible loss is the net cost of entering the trades, which is limited.
- **Potential for High Reward**: If the currency pair ends up near the middle price (1.2000 in this case), the strategy can yield significant profit.
**Risks**:
- **Limited Profit Potential**: The strategy’s profit is capped.
- **Complexity**: Managing multiple positions simultaneously can be complex and may incur higher transaction costs.
Conclusion
A bullish butterfly spread in forex involves creating a combination of long and short positions in the currency pair to mimic the payoff structure of an options butterfly spread. This strategy is suitable for traders expecting a moderate rise in the currency pair's exchange rate, offering limited risk and potential reward if the rate stays near the middle strike price at expiration. This method requires careful planning and management due to its complexity.
Potential bearish drop?EUR/CHF has reacted off a resistance level which aligns with the 161.8% Fibonacci extension and could potentially drop to our take profit.
Entry: 0.99127
Why we like it:
There is a resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 0.99534
Why we like it:
There is a pullback resistance level.
Take profit: 0.98315
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
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EURCHF"EURCHF analysis update: Price has shifted to the bullish side after breaking out of a major bearish trend and a recent bullish flag pattern. Following the Elliott Wave 12345 pattern, we've entered a buying position after a 38-50% retest and a bullish rejection. Get ready for potential upside!"
EURCHFLooking for a sell in EC
Reason to sell:
Forming double top pattern in 15 minute chart.
Use proper risk management.
Thank you
EURCHF SHORTEURCHF is in bullish Trend. It created rising wedge pattern. RSI divergence also found.
So we can place Sell stop order below previous HL
EURCHF Sell signal at the top of Channel Down.The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down.
As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective though and will only short towards the bottom of the current Channel Up (which is the Bullish Leg of the long-term Channel Down) and target 0.977500.
If then EURCHF closes a 1W candle below the Channel Up, we will re-sell and target Support 1 at 0.95700, similar to the March 13 2023 Low.
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EURCHF - Resistance Becomes Support 🚀Hi Traders !
On The Daily Time Frame, The EURCHF Price Broke The Resistance Level (0.98115 - 0.98420)
This Key Level Becomes a New Support Level.
So, I Expect a Bullish Move📈
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TARGET: 0.99030🎯
sell eur/chfbased on the 5 waves elliot's theory and fibo's numbers this place might be a reversal area !
and also if you check stochastic in 1D and 1W time frames you'll see they are both in over bought level !
How to Confirm an Elliott Wave Count.Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence.
1. Base Channel:- Wave 3 identification
When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price action stays within this channel, you can consider price action corrective, probably wave C of a Zigzag. In a bullish trend, prices ought to break above the upper boundary line of this channel for wave 3 count to be acceptable.
2. Acceleration Channel:-Wave 4 identification.
Connect the extreme of wave 1 and the top of wave 3. Draw a parallel line starting at the bottom of wave 2. Only after prices break through the lower boundary line of the acceleration channel, could you be convinced that wave 3 is over and wave 4 is unfolding.
3. Final Channel:- Wave 5 identification
Connect the end of waves 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to terminate upon reaching the upper trendline of the final channel.
That's all for today. Trade wisely!
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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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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🗒 spreading knowledge among us and to clarify the most important 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
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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// SHORTThe price of the currency pair is expected to start a downtrend after reaching the resistance level of 0.98191
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CHF exchange rates
