Update for EURCHF. Similarly to AUDCHF, we spotted earlier a confirmed structure violation. To buy with intraday confirmation, watch a horizontal range on a 4H. Its bullish breakout - 4H candle close above 0.9512 will give you a strong buying signal. A bullish continuation will be expected to 0.9535 level then. ❤️Please, support my work with like, thank you!❤️
starting with a small position here. reasons: -divergence on the hourly -false breakout with the last low made -on smaller timeframes we are above the moving averages
From the charts we can see that OANDA:EURCHF has remained in its bearish channel for about eleven months, now price is approaching the top of the channel which is also a major confluence of a supply zone and resistance level. If these levels hold, it's a big win for the bears. Most importantly, In the coming days we are watching to see if the channel remains...
Hello,Friends! We are going short on the EUR/CHF with the target of 0.937 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Choosing a bearish stance aligned with Bullish Divergence and a positive sentiment, the strategy incorporates the AB=CD harmonic Reversal Pattern and anticipates a potential upside breakout from a Symmetric triangle. The detailed trade plan includes a Buy Stop at 0.93350, Stop Loss at 0.92700, TP1 at 0.93950, TP2 at 0.94600, maintaining a disciplined 1% risk per trade.
Here is one more breakout that I spotted today: EURCHF violated a key horizontal resistance and close above that. It opens a nice potential for a further bullish continuation. Next resistance - 0.9535 ❤️Please, support my work with like, thank you!❤️
Based on EW theory, price action will move as stated. We are currently on a correction phase. I expect a 5 wave continuation to the upside. Let me know if you have any question.
The markert has completed a regular flat correction and therefore wave C is expected. the EUR is very bearish and will be for months to come.
✅EUR_CHF is trading in an uptrend And the pair was making a bearish correction But is now about to retest a horizontal support level of 0.9564 From here I am expecting the pair to go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The pair has made a good bullish rally. But, now the price has crossed the last higher low and broken the market structure. Plus, there is a bearish divergence and bear sentiments are calling for a short trade. We will sell it from the 0.382 Fib level retracement. The Plan is marked on the chart!
According to wave analysis , take 1 % risk . 1:2 risk reward .
EURCHF in down trend, the selling levels between 0.9530 - 0.9560, so these levels will be the selling entry area. Sell EURCHF from 0.9530 - 0.9560 Stop loss 0.9630 Take Profit 0.9300 Risk Reward Ratio 1:2.5
The perfect SHORT uptrend setup. Keep it simple, manage your risk, and let's see where the price goes.
EURCHF is in bullish trend and making HH and HLs. However, series of bearish divergences have appeared which is indicates possibilities of bearish reversal. now divergences on RSI and MACD (both MAs and Histogram) has also synced and double top formation developed. Break out below 0.94905 will add strength to seller. Entry:0.9490 TP-1: 0.9465 Tp-2: 0.9439 SL: 0.9516
EURCHF sell when it hits sell stop level. There are 95% selling sentiments for this instrument and the bearish divergence confirms that if it hits the sell stop level and the previous HL is broken, it is going to reverse this Bullish trend. Entry: 0.94633 Stop Loss: 0.95136 Take Profit: 0.9413
Short opportunity in the form of a harmonic Gartley pattern or simply an AB=CD at the 78% retracement level. This is with trend trade, the price at the moment is at the Weekly 20 EMA. Hope for a bounce from there. The risk to reward illustrates the distance to the 161% extension. It's a long way to go so if you decide to run this as a runner target, you better...
Hourly Chart Bearish Divergence 95% Bearish Sentiment on Myfxbook.com Sell Below the HL, SL above the Highs Targeted TP 1 and 1 calculated based on SL 1:1.5 RR Trade