EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High.
We approach Support (1) which is a level that has held since July 27th.
Trading Plan:
1. Buy as long as a (1d) candle doesn't close under Support (1).
2. Sell if it closes under it.
Targets:
1. 0.96500 (top of Channel Down).
2. 0.93800 (-3.30% decline from the top,...
Preferred direction: BUY
Comment: A slight recovery against the dollar is exactly what we expected at the beginning of the week. Very promising entry points in the market are now being formed. The situation during the publication of inflation data in the US will most likely develop in favor of the dollar. We place our targets at the level of 0.91475.
Thank...
Share your idea in the comment section of this pair and let's debate
Good Week, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
Hello,Traders!
EUR-CHF has retested a
Horizontal resistance level
Of 0.962 from where we are
Already seeing a bearish
Reaction so I think that
The pair will go further down
Sell!
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EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A).
That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st.
Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg).
Previous chart:
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Analysis:
Bullish Confluences
Recent upwards trend
Recent breakout of longer term downwards trend
Failed to put in a lower low and instead put in a higher high
Retesting an area of significance
Fib retracement "golden zone"
Previous downwards trendline retest for support
The EUR is the 2nd strongest major currency whereas the CHF is the 4th weakest major...
My dear subscribers,
This is my opinion on the EURCHF next move:
The instrument tests an important psychological level 0.9635
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 - 0.9666
My Stop Loss - 0.9616
About Used Indicators:
On...
Hey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance area.
Trade safe, Joe.
Hey Traders,
Today we have a nice rectangle break into a forming decending triangle, with a bearish engulfing candlestick as confirmation, first take profit is at around 20 pips if we manage to break support this trade will drop a lot more. I also like the ma crossover and 12 hour timeframe has nice bounces off 200 MA line.😊📈
EURCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.9690.
Hello traders!
‼️ This is my perspective on EURCHF.
Technical analysis: As we can see here price started to form higher lows and higher highs, it means I am looking for longs. I took into consideration that zone lower if price fills that huge imbalance and then rejects from bullish order block.
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All timeframes are overbought with a lot of divergence on H4 and H1, there is going to be a previous week's high, and will be the start of the week which most of the time means that the trade will fall. There is a pattern on H 4 and it is currently the 3rd top. tight stop loss with the 1st target being 0.9619
Since the beginning of 2023, EurChf has been on a downward trend.
However, at the end of July, the pair found support just above 0.05, and after a month of consolidation and 4 touches of this support level, EurChf reversed to the upside and is trading now at 0.9680, exactly under an important confluence resistance.
Looking at the chart we can see that for a week...
Hi traders. After hitting a major resistance zone this pair is currently breaking below support. If the 4H can hold below we have the possibility of riding it to the next support zone. I will repeat that the 4H candle must break and hold below support.
✅EUR_CHF price went up sharply
But a strong resistance level was hit at 0.969
Thus, as a pullback is already happening
And a move down towards the target of 0.965 shall follow
SHORT🔥
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