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SWISS FRANC / EURO

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CHFEUR trade ideas

EURCF BULLISH FORECASTEURCHF is 13 years low, well guys look at the trend channel parallel, you can notice the long low trading since may, this means EUR has been down for all that time, and yes, its has faced so many challenges like, Corona virus, Global inflation and more importantly Geopolitical tensions. fine. I have idea here, if the you can see from the chat the last lowest price EUR traded is around 0.94000, but that couldn't be enough to meet the selling pressure terms, this means there's selling exhaustion. It is right if we start thinking of bullish movement weather we think It's correction or not, but i believe whenever price break above the boundary of trend channel, we are good to go after a retest as i expected, the closest strong resistance i noticed is 0.98261 while the next after this is 1.04776. The expectations for Hawkish ECB is real, as we can se the result now, the hawkish commentary saved EUR for corrections especially on EURUSD. the alternative for this idea is bearish to meet the complete circle of the trend which is 0.91454. please if you have a plan on EUR, you should pay attention to this pair also, Note that SWISS NATIONAL BANK has been hawkish since interest rate increased.
Long
by CELGIB_TRADING
EURCHF Trading Plan - 04/Sep/2022Hello Traders, Hope you all are doing good!! I expect EURCHF to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Short
by For3xScalper
EURCHF: ENDING DIAGONALTheory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of the wave 1. Properties Of Diagonals: Diagonals can be contracting or expanding type being expanding diagonal a rare one. In contracting type, wave 3 is shorter than wave 1, wave 5 is shorter than wave 3, and wave 4 is shorter than wave 2. In expanding type, wave 3 is longer than wave 1, wave 5 is longer than wave 3, and wave 4 is longer than wave 2. Types Of Diagonals: LEADING DIAGONAL ENDING DIAGONAL LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the diagonal , a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal has began. (generally it retrace back to the wave-2 of the diagonal sturcuture) TRADING STRATEGY: Buy EURCHF with SL of 0.955 and look for the upside target OF 0.9800
Long
by TradingSutra
💡Don't miss the great buy opportunity in EURCHF Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.9602). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 70. Take Profits: TP1= @ 0.9631 TP2= @ 0.9646 TP3= @ 0.9668 TP4= @ 0.9698 TP5= @ 0.9723 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME