EUR/CHF Side way Market order using resistance and supportEUR/CHF Side way Market order using resistance and support
EURCHF trade ideas
EURCHF: Bulls Will Push Higher
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EUR & CHF - The bad and the uglyWhat better way to start the new year than with a EURCHF long?
I am open to suggestions.
EUR view:
➡️ Inflation in the eurozone will rise slightly in early 2023 and climb towards the 3% mark🟢
➡️ In addition, however, it will fall more sharply in the following months than the ECB currently expects, forcing the ECB to cut interest rates earlier than planned🟢
➡️ My expectation here is March (at the earliest) or April 2024🟢
The CHF view explains why I still see the EURCHF strengthening in the short term:
➡️ The SNB will soon follow the ECB and also very likely make a 1st rate cut in the 1st half of 2024🟢
➡️ Although Swiss inflation will also briefly move back towards the 2% mark at the beginning of 2024, driven by rent increases and higher electricity prices, it will then also stabilise below the 2% mark again🟢
➡️ As soon as it returns from its skiing holiday in the Swiss Alps, the SNB will not be happy about the excessively high level of the CHF and will either tolerate a (slightly) weaker franc or even aim for it itself🟢
Conclusion:
The EURCHF therefore has room for a 200 - 300 pip upward move and will very likely tackle this in the new year, giving me a good start to the new year!:)
EURCHF longHi traders
The price broke the downward trend and it has risen . We are expecting a pullback before continuing higher.
The pullback towards the previous resistance would be bullish and the long position can be taken then.
Target is shown on the chart
If the price comes back down below the downsloping support line, this trading idea will be invalidated
EUR/CHF Technical Analysis: Entry Opportunity IdentifiedAssumptions:
- EUR/CHF is observed to be adhering to a robust trendline channel, indicating a clear directional bias in the market.
- Entry is suggested at the prevailing price of 0.97560.
- Stop Loss is recommended to be placed near 0.96960 to mitigate potential downside risk.
- Take Profit levels are set at TP-1: 0.98150 and TP-2: 0.98760.
Analysis:
EUR/CHF has demonstrated resilience within its established trendline channel, affirming a bullish trajectory. The current price presents an opportune entry point, aligning with the upward momentum witnessed in recent sessions. A well-placed Stop Loss near 0.96960 provides a safeguard against adverse market movements while allowing for potential upside exploration.
Trade Recommendation:
Based on the technical analysis and assumptions outlined, a long position is advisable for EUR/CHF at the current price level of 0.97560. Traders are encouraged to exercise disciplined risk management practices by adhering to the suggested Stop Loss and Take Profit levels. TP-1 at 0.98150 and TP-2 at 0.98760 offer strategic exit points to capitalize on anticipated bullish movements.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Traders are urged to conduct their own thorough analysis and consider market dynamics before executing any trades. Past performance is not indicative of future results.
EURCHF: Channel Down top. Sell.EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous corrective wave did.
See how our prior idea has worked out:
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EURCHF Breakout Trade LongLong on EURCHF, High R:R trade with trailing stop. Scalling out half at first correction.
1. Structure HH-HL-HH-HL
2. Bullish momentum candle.
3. RSI Above 50 and RSI-MA Crossed
4. W1 -> Bullish
5. Currency Strenght Meter Confirmation
6. Price above 3 x MA (3,8,20)
EURCHF Is Going Up! Buy!
Take a look at our analysis for EURCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.977.
The above observations make me that the market will inevitably achieve 0.981 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURCHF:🟢Is it bullish...?!🟢(Details on caption)This is a beautiful price action.
We can see a clear market maker-buy model here.
Smart money reversal and distribution phase one is already done, now we should wait to intermediate low form and then buy.
Now, I can see the steel side liquidity formed above and inside the FVG which is a high-probability scenario for buy.
If the price continues to create a higher high and higher low, we should wait for the price to grab the liquidity below the low and then look for a buying opportunity in a lower time frame.
💡Wait for the update!
🗓️08/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
SELL EURCHF for trend reversalSELL EURCHF for trend reversal
update
SELL EURCHF NOW ✅
STOP LOSS : 0.9848
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
EurChf ShortI will short EurChf once it breaks the major trendline and retests. For now, I will just be waiting until it does so. My setup will be invalid if it breaks the above resistance and continues to buy.
✅EUR_CHF WILL GO UP|LONG🚀
✅EUR_CHF fell again to retest the support
But it is a strong rising support line
So I think that there is a high chance
That we will see a bullish rebound and a move up
LONG🚀
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EURCHF WHAT'S NEXTHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
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EURCHF TREND-FRIEND FOLLOWING 📚
👉As we can see price is still overall bullish trading inside this rising broadening wedge pattern, where we will be looking for new longs as the price will be approaching our lower rising trendline, lining up with our support zone.
👉Meanwhile, and as per my trading plan, I will be zooming into lower time frames, like H1 or m30, to be looking for any bullish reversal pattern. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
EUR-CHF Long From Rising Support! Buy!
Hello,Traders!
EUR-CHF is trading in an
Uptrend along the rising
Support line and we are already
Seeing a rebound from the
Support so we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
EURCHF Longer Term Shorts - Massive Consecutive Candle count Really like the idea of shorts on this pair for a number of reasons, well 2 mostly! Firstly we're back up at the top of a descending channel and this pair has been falling for a long long time. And more perhaps more importantly is that the consecutive bullish candle count has never been this high since 1993 - it doesn't happen often and when it does it falls over. It's a probabilities play for sure but one I'll be taking.
EURCHF Short Trade Setup A #short trade opportunity recently presented itself on the #euroswissy (#EURCHF) #trading chart 📉.
This is indicated by the #bearish harami candlestick 🕯️ pattern just below the 0.98469 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.94000 psychological level and possibly testing the strength of the 0.93033 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
EURCHF - Long active ✅Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: As we can see here price made a retracement as I expected in my last analysis, so now I expect bullish price action as price rejected from bullish order block + institutional big figure 0.97000.
Fundamental news: On Thursday we have monthly CPI on CHF, news with high impact on currency.
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EURCHF Due to a reversalEURCHF has been trending down the past year, and has only trended up because of the first SNB news and then because of the CPI news. SNB is the first to cut rates which explains this sudden uptick, however it is very overbought and should be going down very soon.
Happy trading!
