Franc
USDCHF profit realization The 0.9950 level appears to be as strong resistance in USDCHF that has reached the upper band along with the rise in the dollar index. In the current price movement, a sell pressure may occur due to short-term profit realization. 0.9900 will be followed in a downward movement for support. We will continue to monitor the 0.9950 and 0.9985 levels as resistance in case of potential upward movements.
Short GBPCHFPound Franc formed a rising channel and now how broken out of it. Retesting right now on the trendline.
USDCHF DOUBLE ZIGZAG PATTERNAs per previous post i am expected reversal from 0.9970 resistance zone , But price action not supporting for reversal. I changed my wave count to alternate count, Current pattern looks like Double Zigzag pattern forming and target for this pattern is 1.0048.
ENTER LONG @ 0.9918 -- TP @ 1.0048 -- SL @ 0.9850
USDCHF | Short OpportunityHi,
A possible reversal area (blue box) consists of:
1. Daily EMA200
2. Fibonacci Extension
3. AB=CD
4. 2014 High
5. 2009 Low
6. Different trendlines
7. Channel projection
8*. Wait for a bearish candlestick pattern inside the box or after the touch.
Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Do your own research and if this matching with mine then you are ready to go!
Good luck,
Vaido
Decent SHORT opportunity up for grabs!This time the GBP/CHF pair seems to be giving us a decent short opportunity.
As we can see the pair is trading within a trading range, and, with the BREXIT uncertainty being high is rather likely to linger in the area for a little longer.
We might first test the resistance, then come crashing down!
First time posting here, Tell me what you guys think!
USDCHF -- SHORT @ 1.00127Hello Traders,
We can clearly see Hidden Bearish Divergence forming on this pair and also wave count also suggest more downside is possible on short term. I am looking for final leg of medium term corrective structure downside.
SIDE : SHORT
Entry @ 1.00127 -- TP @ 0.9711 -- SL @ 1.01270
USDCHF | Swiss Franc short after correctionDowntrend. Looking for correction to monthly/weekly pivots then short to next weeks M1 Pivot.
USDCHF H4as we expected Swissy dropped and also made a supply zone in its way down that will be our target as we will long from the demand zone below
again its all depends to Dollar index, USDCHF is DXY number II, but if dollar cooperate the scenario it on.
have a great day if you have any question or comment please write i'll check it.
USDCHF, BUY idea above H&HFranc shows to us Head & Shoulders figure.
We can open BUY because the price crossed basis line.
Potential profit will be in 3...5 times bigger than risk.
There is a trading opportunity to buy in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6593). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6715
TP3= @ 0.6810
SL= @ 0.6505
USDCHF Ready For Another ReversalTrade Idea:
Despite the Fed intention to hold the rates unchanged for 2019, the dollar fell sharply bottoming out on the 24th of June. Now that Powell will speak again tomorrow, volatility is expected to rise significantly. Where the increase in volatility could be the lighting spark to start a a bearish reversal. On the other hand, the dollar could bounce higher if the Fed stand firmly on no rate cuts, especially considering the outstanding non-farm payroll data that came out last Friday.
Trade Details:
Positioning: Short
Time frame: 4H
Length of Trade: 5 Days to 2 weeks
Entry: Between 0.9920 to 0.9950
Stop: 1.0000
Exit: 0.9770
EURCHF SHORT Swing Trade Executed! Price Aiming For 1.11700Have a look at the attached link below for the full analysis behind this trade setup:
INSTANT ENTRY: AT AROUND 1.13200 LEVEL
STOP LOSS: 1.14700
TAKE PROFIT: 1.11700
RR: 1:1
shall there be any updates i will update them here below.
Don't miss the great buy opportunity in EURCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.1205). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 61.
Take Profits:
TP1= @ 1.1310
TP2= @ 1.1365
TP3= @ 1.1485
SL= @ 1.1120
NZDCHF Aiming To Hit 0.63500 Level!Have a look at the main chart where the monthly TF shows the price confined in a long term triangle pattern which has been respected on numerous occasions, especially the upside trendline of the triangle. The EMA 50 has been respected too in this case and shall the monthly candle close below the 0.67000 level, we have a very good chance that this price will likely hit the next support that lies at 0.63500 level.
I am already SHORT on the NZDUSD and i will not risk taking this trade for another SHORT as they are both heavily correlated! Nonetheless its a very good trade and overall we are likely to see NZD and AUD both depreciate this year.
This just represents my outlook on this pair. shall i close the NZDUSD active trade early this pair would be my go to pair in the future. i will update the trade details if the criteria meets. cheers
CADCHF Held By Trendlines! Where Would It Go Next?Have a look at the main weekly TF chart of this pair. Its a very tricky pair to trade if you look closely at it but if you look at the monthly TF, you will notice the price is rangebound for quite some years now. The red horizonatal lines represent the concrete support and resistance levels taken from the monthly charts.
From the main chart, it can be seen that the price is held by various trendlines. It would be hard to explain here what could potentially unfold but if you look at the main chart, you would understand everything more clearly!
On long term bias i am SHORT on this pair, but for weekly TF it could go anywhere but i believe LONG move upwards would be limited and the price would eventually come down and test the lower end of the range.
This just represents my analysis on this pair. shall the trade criteria meet i will post the details in a new post. cheers
GBPCHF shortIs the pound looking for a beating??
We'll see.
This is an idea and not intended to be signal.
If you do follow the idea, remember to keep your risk managed.
Cheers :D
