USDCHF Sell Limit
Entry: 0.8185
Target: 0.8117
Stop Loss: 0.8210
Duration: Intraday
Expires: 24/06/2025 08:00
Technical Overview
Two key U.S. PMI reports (Manufacturing & Services) are scheduled for 16:45 UTC, potentially adding short-term volatility.
Key Technical Levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Entry: 0.8185
Target: 0.8117
Stop Loss: 0.8210
Duration: Intraday
Expires: 24/06/2025 08:00
Technical Overview
- A 5-wave bullish Elliott Wave sequence appears to have completed at 0.8216, suggesting a corrective phase may follow.
- Price is testing bespoke resistance at 0.8185, where we anticipate fresh selling interest.
- Although mild early-session buying is possible, upside is expected to be limited, and the broader view favors further downside.
- We prefer to initiate short positions early, targeting a move back toward 0.8117.
Two key U.S. PMI reports (Manufacturing & Services) are scheduled for 16:45 UTC, potentially adding short-term volatility.
Key Technical Levels
- Resistance: 0.8185 / 0.8210 / 0.8216
- Support: 0.8140 / 0.8117 / 0.8085
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.