Possible long Trade for Eurchfincoming formation of Head and shoulders pattern and right shoulder align with fib 61.8 level, would like to see price reaction if price reaches to the red zone Longby benwillams201110
EURCHF - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : EUR/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 0.98600 Area - Major Turn level - Channel Break Out - inner Choch - week / day High Break - Fixed Range lvn - Pattern / Counter Break - Quarter's High Area Bearish Reversal 1.0000 area Reasons - Major Turn level - Pattern Target - Major Liquidity Zone - Year High Area - Quarter High Areas - Fibo 161.8 %Longby GoldenEngine1145
Potential bearish drop?EUR/CHF has reacted off a resistance level which aligns with the 161.8% Fibonacci extension and could potentially drop to our take profit. Entry: 0.99127 Why we like it: There is a resistance level which aligns with the 161.8% Fibonacci extension. Stop loss: 0.99534 Why we like it: There is a pullback resistance level. Take profit: 0.98315 Why we like it: There is a pullback support level which is slightly above the 50% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Shortby VantageMarkets9
EURCHF - Long from trendline ✅Hello traders! ‼️ This is my perspective on EURCHF. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look only for long position. I have a confluence for a long position if price makes a retracement and then rejects from trendline + liquidity zone + institutional big figure 0.98000. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD9
EUR CHF SELLThere is a potential trend reversal on the Daily timeframe. Stop loss: 0.9954 Take profit :0.9707Shortby Visionary_insights6
EURCHFLooking for a sell trade on EC. Reason to sell: Sell pressure is higher than buy and also price is in overbought area in 4H chart. Use proper risk management. Thank youShortby joelkurienUpdated 5
EURCHF Sell signal at the top of Channel Down.The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down. As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective though and will only short towards the bottom of the current Channel Up (which is the Bullish Leg of the long-term Channel Down) and target 0.977500. If then EURCHF closes a 1W candle below the Channel Up, we will re-sell and target Support 1 at 0.95700, similar to the March 13 2023 Low. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot5
EURCHF - Resistance Becomes Support 🚀Hi Traders ! On The Daily Time Frame, The EURCHF Price Broke The Resistance Level (0.98115 - 0.98420) This Key Level Becomes a New Support Level. So, I Expect a Bullish Move📈 ------------- TARGET: 0.99030🎯Longby Hsan_BenhmedUpdated 7715
Euro bearish guard against Swiss francAt the same time as the price hits the ceiling of the descending channel, it has formed a AB=CD pattern as well as 5 rising Elliott waves. Between wave 3 and 5, we see the formation of negative divergence in the RSI indicator. It is expected that we will see the price fall at least to the Fibonacci range of 23%.Shortby PCMBrokers3
EUR/CHFA bullish butterfly spread in the context of forex trading is a strategy that isn't directly translatable from options trading since forex typically involves trading currency pairs rather than derivatives like options. However, we can draw parallels by using a combination of spot trades and/or forex options to create a similar payoff structure. Here’s a conceptual adaptation of a bullish butterfly spread for forex trading: Profit and Loss **Benefits**: - **Limited Risk**: The maximum possible loss is the net cost of entering the trades, which is limited. - **Potential for High Reward**: If the currency pair ends up near the middle price (1.2000 in this case), the strategy can yield significant profit. **Risks**: - **Limited Profit Potential**: The strategy’s profit is capped. - **Complexity**: Managing multiple positions simultaneously can be complex and may incur higher transaction costs. Conclusion A bullish butterfly spread in forex involves creating a combination of long and short positions in the currency pair to mimic the payoff structure of an options butterfly spread. This strategy is suitable for traders expecting a moderate rise in the currency pair's exchange rate, offering limited risk and potential reward if the rate stays near the middle strike price at expiration. This method requires careful planning and management due to its complexity.Shortby B9A-88652-NisarAhmad2
EURCHFLooking for a sell in EC Reason to sell: Forming double top pattern in 15 minute chart. Use proper risk management. Thank youShortby joelkurienUpdated 6
EURCHF"EURCHF analysis update: Price has shifted to the bullish side after breaking out of a major bearish trend and a recent bullish flag pattern. Following the Elliott Wave 12345 pattern, we've entered a buying position after a 38-50% retest and a bullish rejection. Get ready for potential upside!"Longby forex_info2
Bearish divergence observed in EURCHF pairA bearish divergence is observed in the EURCHF pair in the hourly timeframe. We will wait for the confirmation and short when the previous LL is broken.Shortby wakqas122
EUR/CHF SHORT FROM RESISTANCE Hello,Friends! We are going short on the EUR/CHF with the target of 0.979 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✅Shortby EliteTradingSignals113
EURCHF SHORTEURCHF is in bullish Trend. It created rising wedge pattern. RSI divergence also found. So we can place Sell stop order below previous HLShortby shbz862
sell eur/chfbased on the 5 waves elliot's theory and fibo's numbers this place might be a reversal area ! and also if you check stochastic in 1D and 1W time frames you'll see they are both in over bought level ! Shortby shgolzari984
EURCHF MELTHead amd shoulders formed in zone then melted, may come back for a retest may not as it already broke. Down we go😶🌫️🫡Shortby BigPipster1
How to Confirm an Elliott Wave Count.Hello fellow traders, today I would like to show you how to apply a Kennedy Channeling technique (by Jeffrey Kennedy) to identify and confirm Elliott waves with more confidence. 1. Base Channel:- Wave 3 identification When wave 2 is complete, connect the origin of wave 1 and the end of wave 2. Draw a parallel line along the top of wave 1. As long as price action stays within this channel, you can consider price action corrective, probably wave C of a Zigzag. In a bullish trend, prices ought to break above the upper boundary line of this channel for wave 3 count to be acceptable. 2. Acceleration Channel:-Wave 4 identification. Connect the extreme of wave 1 and the top of wave 3. Draw a parallel line starting at the bottom of wave 2. Only after prices break through the lower boundary line of the acceleration channel, could you be convinced that wave 3 is over and wave 4 is unfolding. 3. Final Channel:- Wave 5 identification Connect the end of waves 2 and 4. Draw a parallel line along the top of wave 3 to project wave 5 target. It is quite common for wave 5 to terminate upon reaching the upper trendline of the final channel. That's all for today. Trade wisely!Educationby Aquanet_Market_Forecast1
EUR/CHF BEARS ARE STRONG HERE|SHORT Hello,Friends! The BB upper band is nearby so EUR-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.982. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals116
"EURCHF Alert: Bullish Breakout Potential! 📈🚀"📈🔍 EURCHF Update! 🚀 🔍 Here's a deeper dive into the current situation: EURCHF has been consolidating around a key horizontal level, indicating a potential reversal point. 🔄 The formation of a bullish pattern 🐂 suggests that buyers might be gaining control, especially after a successful test of this level. 📈 The crucial signal to watch for is a daily candle close above 0.978. ✅ This would confirm the breach of resistance and set the stage for a bullish continuation 📈 towards the 0.990 resistance zone. Keep a close eye on price action for confirmation and potential entry points! 🎯💼 #ForexAnalysis #BullishPotential 📈🔍Longby MrCharlie1Updated 41
EURCHF | Short D1 | Market Exec | Building Momentum for Risk OffTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to multiple Supply zones - Price action is close to multiple Resistance Trendlines as well - Targeting the 50% Fibo retracement for this trade Fundamental Confluences for Trade: - There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking. Suggested Trade: Entry @ Area of Interest 0.9830 - 0.9870 SL @ 0.9942 TP 1 @ 0.9720 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.9598 Risk-to-Reward @ Approx. 2.59 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________Shortby weekendanalyst4
DeGRAM | EURCHF decline in the descending channelEURCHF is moving in a descending channel between the trend lines. The price has reached the upper boundary of the channel. The chart has formed a bearish takeover. We expect the decline to continue. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM335