Franc
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41.
I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short.
Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair.
Please let me know your guys thoughts!
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Is the Franc Bullish?The franc will weaken significantly.
Why?
Because most people think it will gain strength.
NZDCHF Breakout?We saw prices break the previous resistance at 0.59124, now expected to become a new support level. Buy at the new support level and prices will continue to new resistance at 0.60350. Like if you agree.
RISING WEDGE IN USDCHFIf you are risk taker, should enter this market at this moment with minimal risk, but this pattern haven't confirm yet if price can not break 0.9670.
but, if you want to waiting, look at 0.9670 before you join the market with sell order.
Looks like a downtrendFrom a TA point of view on the daily chart, looks like a nice downtrend we can hop in. Pointed out what I'm looking at on the chart. Trade safe and keep your money management on point.
USDCHF This pair is very interesting as far as it shows kind of a crisis barometer, normally CHF is used as a safe haven so when something is going badly we can usually see an inverse situation when US dollar gain against almost everything but losses positions with Franc and Yen
Two scenarios I'm getting prepared with USDCHF:
1. Yellow: here we can have some enlargement of a correction after the uptrend impulse in March, after which we would also looking for a reversal;
2. Green: so in the case the correction is already done, we would see a bullish movement.
Personally, I will take the yellow scenario and let's see how it will work out.
USDCHF looking bullishSup traders,
The usdchf reached my buy area, which is the yellow box.
We are now looking to long the pair, there is a few reasons to go long, the pair is above the emas, as well as hidden divergence!
As always, keep the risk managed!
Cheers :D
We spotted the last CHF/ZAR movement. What's next?In our first CHF/ZAR midterm plan, we spotted a move upwards but we were stopped unfortunately. Then, we got even more with the short term. Now it is time for our next move.
Follow to hear more!
Entry: 14.60
Stop: 14.52
Target: 14.77
Have a nice week!
USDCHF ShortDollar frank has retraced on the 0.236 retracements and it has been on downtrend nowadays, it could be a good chance to sell the pair with the following trade setup:
USDCHF Sell at 0.97321
Stop Loss at 0.97622
Target at 0.96721
Good Luck
USDCHF | franc-ly speaking: good trade | 23 DEC Simple break of trendline & re-test. Now what? move up!
Enjoy
USDCHF Trade IdeaHello Traders,
USDCHF will be slightlight bullish before the bears unleash and destroy the bulls, all the way to 0.95000!
Trade Safe!
USDCHFThe price is hitting the 5th time the resistance trendline.
Look for a breakout if happens, if not enter a short position.
Consider the wicks as bull traps, and always when you draw a trend line
take it from the candle bodies to be safe.
Short EURCHFEURCHF is hitting a strong resistance while also forming a rising wedge. The 61 on the fib was rejected and past times there has been a solid retest on this pair so we will wait for another retest before entry.
Risk-off mood pounds the aussieThe Swiss franc makes gains over a risk-off mood in the world markets due to worries surrounding the protracted Sino-US trade war and bad Chinese data. The Aussie itself is being pushed down by expectations of a rate cut next year. As the pair price goes lower, 0.6685 and 0.6660 can be tested.
USDCHF | 11 NOVBuy on the breakout. Broken bearish trendline, we think USDCHF is looking bullish
1:5 R:R enjoy
ORBEX: GBPCHF & EURJPY Follow Identical Pattern (hint: bullish)!In today’s #marketinsights video recording, I talk about #fxminors #EURJPY and #GBPCHF as they both seem to be moving within an identical pattern.
Despite the added uncertainty amid the latest delay drama of phase-1 of a potential trade deal between US and China, safe-havens #yen and #franc seemed unaffected by at least this type of flows.
That suggests that participants are now shifting to more exciting events, expected to trade trade war flows when a more significant and certain development comes on the surface.
Until then, #euro and #pound inflows could push the aforementioned pairs higher, with the latter hanging on today's #BoE meeting.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
