EURCHF Short Term Sell IdeaH1 - Bearish trend pattern followed by a pullback
No opposite signs
Until the two strong resistance zones hold my short term view remains bearish here.
EURCHF trade ideas
going upAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
EURCHF 1H Intraday Bullish Bias: As we see here the price touched the zone and is supported by a rising trend line I expect the price to keep pushing higher towards (0.98115)
EURCHFAnalysis Week - 22 Apr 2024
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range
Cloud (W) - Inside Cloud
Mid Term
20 x 50 D SMA - Above
50 x 200 D SMA - Above
Long Term - Bullish
Updated Dec 23 / Jan 24
Mar 24 - 0.9500
Dec 24 - 0.9900
Notes: >5y consecutive lows
Target 2024
25 Mar 2024 <6M> - 1.0000
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EUR/CHF ShortOn the 4H is the pair bearish and this leg on the 1H might be a pullback.
It looks like the pair has reached its top creating a divergence. There is a clear resistance turned support and I am waiting for it to be broken for the pair to continue lower.
TP 1 --- 0.973
TP 2 --- 0.972
EURCHF Price Dynamics: Pivot Point AnalysisHello Everyone,
If EURCHF fails to cross and securely hold above the weekly and daily pivot points (PP), there's a likelihood of another attempt to test the monthly pivot point. Historically, this level has proven to be supportive.
Currently, sellers are significantly active, aiming for a price decrease, potentially targeting the yearly pivot point. Yet, recent price movements indicate that the monthly pivot point has provided substantial support for potential upward movement.
TradeWithTheTrend3344
EUR/CHF heading into 61.8% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97973
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98353
Why we like it:
There is a pullback resistance level.
Take profit: 0.97218
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short EUR/CHFThe price moved out from the short term up trend channel bottom line and retracted, now, price is moving out from the short term up trend channel again.
It could be the cypher pattern "C" point generated and will start the "CD" leg to South.
SlowStoch and RSI are showing divergency in Daily time frame.
There could be two take profit positions in previous support lines.
EUR/CHFThis pair made a Double Top on Daily and forming Head & Shoulders on hourly. it's one of the rare formations combination. watch this pair.
EURCHF - Bearish Rising Wedge 📉Hello Traders !
On Tuesday 30 April, The EURCHF Reached The Resistance Level (0.98115 - 0.98420).
The Price Formed a Rising Wedge Pattern.
Currently, The Higher Low is Broken !
So, I Predict a Bearish Move 📉.
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TARGET: 0.97030🎯
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Could EUR/CHF reverse from here?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97976
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98340
Why we like it:
There is a pullback resistance level.
Take profit: 0.97219
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish movement for the EUR ...PRICE is bearish on the multipleThere was a break of structure on a daily so I will be taking entries on where price broke the structure
EURCHF 4H Intraday Bullish: Price broke and closed above the horizontal structure on a 4H timeframe. And I expect the price to grow more towards 0.98115
EURCHF - BUY - Wycoff
Suggest Buy Euro
Strong today heading up
Daily trend looking up
Spring/Sweep with Painbar complete, taken out Stops/Liquidity
Bullish Engulfing Candles are many
Pull Back into Fair Value Gaps as they are generally called are there also.
Trouble is getting a good Entry
Soo many times stop gets hit if too close trying to be clever.
Still able to put Swing Low
Unemployment Rate coming up for the CHF as expected
Trade Balance is coming up for the Euro supposed to better than expected
Lets See.
EURCHF Local Short! EUR-CHF is going up
To retest the horizontal
Resistance of 0.98360
And after the retest
We will be expecting
A local move down !
EURCHF BULLS ARE PATIENTLY ACCUMULATING LONGSConfluences that support the Bullish Bias
1. the pin bar bounce away from the 100 MA
2. price close inside the daily FVG
3. the fvg is the last internal range liquidity
4. the liquidity pool above the structure, serving as draw on liquidity
these confluences suggest that we would expect higher prices the coming week on this pair, moving from internal range liquidity to the external range liquidity on the Buy Side
Double Top on EUR/USD @ D1This double top pattern has formed on the daily chart of the EUR/USD currency pair following an uptrend that lasted since the beginning of 2024. It can be used as a bearish breakout setup. The two tops are marked with the upper yellow line; the neckline is marked with the lower yellow line. My potential entry level is at the cyan line (10% of the pattern's height below the neckline). My potential take-profit level is at the green line (100% of the pattern's height below the neckline). My potential stop-loss is not shown on the chart and will be set to the high of the breakout candle or to the high of the preceding candle if the breakout one trades mostly outside the pattern's borders. I won't be trading a bullish breakout from this trend-reversal pattern.
EURCHF - Waiting for Accumulation - LONG - Signal Pending 5-5-244 HOUR CHART EURCHF Continuing with the trend
as expected. The greater trend timeframe has the
market trading in a re-accumulation trading range.
Price has pulled back from the top of the trading
range (after completing multiple UA's which are in
and of themselves 'signs of strength'), and is
currently travelling in the direction of the bottom
of the trading range, presumably to complete a
'secondary test' (ST). At this point I will be looking
for an accumulation trading range to develop,
confirming the ST and then subsequently a
breakout of this accumulation with provide a POE
for an opportune RR trade long, as per the mark
up drawing suggestions on the chart.
I'm of the belief that there is a high likelihood
that should price action unfold as described then
the prevailing price action will put the greater
range re-accumulation structure into Phase C
and we will be looking to initiate trades long under
conditions that should reflects 'signs of strength'
(SOS) in Phase C as per Wyckoff description.
EURCHF - Long- Long at retrace for approx 3:1
- weekly / Daily looks like toppish, but still in a bullish trend
