CHFEUR trade ideas
EURCHFThe EURCHF is a currency pair that is composed of the Euro and the Swiss Franc. When a symmetrical triangle is seen in this pair, it typically indicates a continuation of the current trend as the triangle is a continuation pattern. When the breakout of this triangle occurs and is confirmed with a 50% retracement, it gives a strong indication that the current trend is likely to continue and that a long position should be taken.
EURCHF Sell trade opportunitiesEURCHF Sell trade opportunities
Overall it's a sell trend that recently breakout the short-term support line next prediction is will retrace some pips to test the resistance line as I mentioned in the chart it will be a very good opportunity to sell the trade on the resistance area with good risk rewards
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.
EURCHF Buy trade opportunitiesEURCHF Buy trade opportunities
EURCHF is running in the support and resistance area if it closes above the resistance area then its have a good opportunity for a long. When it closes above the resistance area wait to further retracement and then take a long trade
‘Always trade with Stop Loss’
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.
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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