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Euro / Swiss Franc

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EURCHF trade ideas

EUR/CHF Trade Setup: Strategic Short Position Entry: Sell at 0.9912 - Rationale: This level aligns with the 61.8% Fibonacci retracement, a key resistance point suggesting a potential reversal. Stop Loss: 0.9932 - Rationale: Positioned above the resistance level to protect against upside risk. Take Profit: 0.9882 - Rationale: Targeting the support level where we expect the price to find buying interest. Market Context: - The current trend is bullish, but a potential turnaround is possible as indicated on the daily timeframe. - The 61.8% Fibonacci retracement level at 0.9912 is a significant resistance point. Strategy: - Monitor the price action for confirmation of a reversal at the 0.9912 level. - Enter the trade with a clear stop loss at 0.9932 and take profit at 0.9882. Good luck with your trades!
Short
by Eleazarahmath
1
EURCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURCHF has been overall bearish, trading within the falling wedge in red. At present, EURCHF is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline. 📚 As per my trading style: As #EURCHF approaches the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
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.
Long
by Elliott-Waves-2_0
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.
Short
by B9A-88652-NisarAhmad
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. 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
by VantageMarkets