Hey traders,
As I predicted yesterday, EURCHF broke a key horizontal support to the downside.
Now I am expecting a further decline to 0.9975 year's low.
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Welcome back! Here's an analysis of this pair!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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The euro-Swiss franc ( EUR/CHF ) exchange rate is in the spotlight today as the pair returned to hit parity for the second time since early March.
The eurozone's worsening economic outlook continues to push ( EUR/CHF ) lower, and the market appears to be giving more credit to the Swiss National Bank's (SNB) ability to continue rising rates to curb...
EURCHF has broken the P wave consolidation on the 16th June 2022.
IF we use the I wave base of the P Wave consolidation we can obtain
1. Price target - 98.70
2. Time Frame - 17 days ( Kihon Suchi ) suggests 4th July 2022.
As such the short
1. Entry - retracement of yesterdays bearish candle = 1.0019
2. Stop - above yesterdays candle 1.0090
3. Target -...
Of interest is the movement of price since April 2018.
If we consider a mulityear N wave pattern, then points A - D can be plotted.
This scenario then considers the formation of a new All Time Low, as the pair break the Brexit Low.
For equal time and price , then maybe the next major swing low takes place in early 2013.
PRIZE have established a QML level. we are hoping bulls will enter at this level pushing up prize to balance all the inefficiency left by the massive push downwards.
EURCHF is currently in wave 2, which is an ABC wave.
Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave!
Trade Idea:
- Watch for price to come down...
EURCHF Has nice strong Zone Which means the buyers are trying to control the market, and i am here to share with you how you can make money while yo are with me.
Stay And Follow With Me To get nice setups And Enjoy My Analysis.
The pair is in a Downtrend.
M15 and M30 is overbought with divergence.
The only danger is the H4 double bottom which is also at the week low
However the trend is so bearish that we will take this with a tight stop loss of 30 pips.
.Price can complete the cycle of movement
.What is your opinion and analysis?
.This analysis is a person's opinion
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.📉.Analyzer: Joseph
.📆Date of analysis:25jun
Hi there,
EURCHF is setting up for longer term buy.
Inflation is high in EUROP which is forcing ECB to come out from ultra lose monitory policy which is bullish sign for EURO. Watch for continuation for more upside.
Good Luck
Price is gearing up for a long-term swing in this region.
Now that we have taken out a large chunk of buyers, we can consider the possibility of a buy-in around this region.
With that being said, we still must be cautious of the key psychological level of 1.0
Price could still play around in the region before we get any shifts in market direction.
I will buy...
Keep an eye on EURCHF as it should end wave 2 in the first week of July.
To get good profit on the bullish wave 3, get in either @1.0092 or @ 1.00343-1.00163.
EURCHF is currently in an expanded flat correction which is made up of 3-3-5 waves.
We are currently on the C wave, subwave 4. Expecting price to retest the fibonacci before moving lower.
SHORT Trade Idea:
- Watch for rejection of fib and you can take a risk entry with tight stops above recent highs
- For safe break, watch for the bear correction to break with...
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Hi traders.
I use the supply-demand method for my analysis.
Check the lower timeframes for confirmation and entry. (5m,1m)
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What do you think about this setup?
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Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
The price after a false breakdown of resistance falls to the support of the rising channel. Since the trend is growing, I expect a rollback from the support zone. My target is resistance 1.0404
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
The Euro vs. the Swiss Franc. This pair is known as a pair trend because there are often long upward or downward trends. It is also often adapted to Swing Trading but because of its lack of volatility it is less popular with scalpers. The EUR/CHF and the USD/SHF exchange rates are highly positively correlated.
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