Price seems to be in a healthy up trend. We can expect the price to take a retracement. It is possible, that the price will form another fair value gap in 4h time frame. We will wait for the formation of the new FVG and then take the entry from that FVG. The other senerio is, that the price taps in the last FVG (As shown in the chart), but the probability is very...
Interest Rate Differentials: If the European Central Bank (ECB) reduces interest rates or adopts a more dovish monetary policy stance compared to the Swiss National Bank (SNB), investors may prefer to hold Swiss francs (CHF) for higher returns. This could lead to a decline in the EUR/CHF exchange rate. Political Uncertainty: Geopolitical tensions or political...
Hello,Friends! EUR/CHF pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.959 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Price making RSI Divergence after hit dynamic Resistance on the big pic SKILLING:EURCHF to get the target
As I delve deeper into the nuanced world of forex trading, my latest analytical journey with Elliot Wave theory has spotlighted a compelling SHORT scenario for EURCHF. This insight stems from a meticulous examination of the currency pair's wave patterns, where I've identified the culmination of an impulsive wave sequence, suggesting a shift towards a bearish...
On 4 house scale looks like trend is going to continue as per Dow theory it is printing HH and HL for the past few days now.
OANDA:EURCHF SHORT position can be taken in the specified ZONE There is no position before the ZONE
Now that a retest has occurred, I feel it's time for the CHF strength to return.
EURCHF is in bullish trend, continuously making higher highs and higher lows.
1. We have a beautiful W on the weekly. 2. We have a great resistance zone at 0.965 (rejected twice). 3. I'm pretty confident in this trade, so I set my risk-reward ratio at 1:3, and I might lower my entry a little bit. We will see how the market reacts with the MACD. (MACD needs to be below zero to have a good opportunity.) 4. I set my take profit at 0.94710 and...
Looking at the weekly chart structure, eurchf is bouncing off support. This should push price back up to a decent selling point entry before we see long term selling. However price could carry on up so manage your expectations. s1 is based off 1hr chart s2 is 1week resistance SMC S = sell Tp =take profit
air Name : EUR/CHF Time Frame : 4hrs Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map Direction : Long Educational —————**- 🔗 Just browsing through my analysis means a lot to me. ☑️ Update - VIP Opportunity / Scalping ———— 💰 Take Profit 1 ⚡️ Account Growth = 5 % 💵Pip' Achieved = 20 PIP
There is a possibility of a drop in the C wave. It will break below the A-wave low. The WXYXZ pattern was formed in a rare shape.
Keep trading simple. - 4 HR Resistance - 2HR Triple top (multiple taps at structure, pin bars and engulfing candles) - 30MIN and 1HR timeframe also have triple tops with bearish price action - Looking for 20 PIP SL for a 60 PIP reward (simple 1:3RR), could even go lower
We all know from the Elliott Wave Principle that, after every correction/pullback, there follows an impulse/motive wave. Hence, this is what we expecting on the EURCHF pair. Eyes open for the big dive
Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Sell decision.
EURCHF has made a Cup & Handle Pattern on the 1 hour timeframe and is most likely to upwards based on the analysis. the trade plan shoes a RR of 1:2.25.
Looking at the last 12 candles on H1 we can see a triple top at a line of resistance at .9228/30 and the last 3 candles all have long wicks forming another triple top and if the current candle continues south, this will be a quadruple top. Its clear that there is an almighty struggle for domination of this pair between the BULLS and the BEARS and with the fast MA...