EURCHF going up as per Elliot Wave
SWISS FRANC / EURO
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EURCHF going up as per Elliot Wave
EURCHF Let's go upstairs.
EURCHF Looking to make a retest of the breakout of the Head and Shoulders pattern.
EURCHF 🔥 TRADE IDEA: EUR/CHF BULLISH SWING🎯 Asset: EUR/CHF ("Euro vs Swissy")
⏳ Style: Swing Trade / Day Trade
📈 Bias: Bullish (Confirmed Breakout & Retest)
✨ WHY THIS SETUP?
A decisive Triangular Moving Average Breakout has occurred, signaling a potential shift in momentum. The subsequent successful retest provides a high-probability, low-risk entry zone for a bullish move.
📊 TRADE PLAN (THIEF STRATEGY - LAYERED ENTRIES)
This uses a "Thief" Layering Strategy (multiple limit orders) to optimize your average entry price and manage risk.
✅ ENTRY ZONE (Buy Limit Layers):
0.93200 | 0.93300 | 0.93400 | 0.93500
(You can increase layers based on your capital & strategy)
❌ STOP LOSS (SL):
Key Level: 0.93000 (below the structure).
⚠️ RISK NOTE: Adjust your SL based on your own risk tolerance & strategy. I am not a financial advisor; manage your risk.
🎯 PROFIT TARGET (TP):
Primary Target: 0.94300
(This zone faces prior resistance, potential overbought conditions. Scale out profits wisely!)
⚠️ TP NOTE: Take profits based on your own plan. This is a suggested target, not a guarantee.
🌐 RELATED PAIRS TO WATCH ($ CORRELATION INSIGHT):
Monitoring correlated pairs can confirm the broader trend and provide context.
EURUSD: Positive Correlation. A strong Euro often lifts EUR/CHF. Watch for USD weakness.
USDCHF: Inverse Correlation. CHF strength weakens USD/CHF but can strengthen EUR/CHF if EUR is stronger. It's a key CHF sentiment gauge.
GBPCHF: Risk Sentinel. Often moves in tandem with EUR/CHF for CHF flows. Strength here can support our bullish EUR/CHF case.
CHFJPY: CHF Strength Meter. Rising CHF/JPY may indicate broad CHF buying, which could be a headwind for EUR/CHF. Monitor for divergence.
🔑 Correlation Takeaway: For this EUR/CHF long to thrive, we want to see EUR strength (EURUSD up) OUTPACE any general CHF strength. Watch USDCHF for clues on CHF demand.
EURCHF Has formed a Piercing Pattern on the Hourly Chart. Bullish Reversal, Price will push to next Resistance Zone.
EURCHF If you are not selling right now, i wonder what you're doing
EURCHF Bias: Bullish continuation (pending confirmation)HTF Context:
• Price entered our mid-term order block but did not hold → no lower-timeframe (LTF) confirmation.
• Price then sought deeper liquidity, sweeping the mid-term external range for a major liquidity reduction.
• Price has now reached our higher-timeframe order block zone.
Strategy Notes:
1. Current focus: Wait for mid-term confirmations → no LTF entries yet.
2. Once mid-term switch occurs and price retraces into our fresh mid-term order block, then look for LTF confirmations for clean entries.
3. Patience remains key → monitor footprints, follow smart money, don’t force setups.
Mindset Reminder:
• Traders’ best work is monitoring and patience.
• Continuations align with structural confirmations, not early guesses.
• Let smart money lead → our job is to follow, observe, and position at the right time.
EURCHF 3rd oscillation we're close to a breakout
CHFEUR what a pig the Euro isEURCHF Speaking my mind:Waiting for price to fully mitigate this order block with clean full-body candles down to the mid-term zone.
Until then, the bias remains bearish. Patience is key — let smart money lead direction.
Let’s go. 🔥
