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USDCHF Likely To Test 0.97500 Level After Trendline Violation!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade. My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis: • Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout. • Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade. • I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis. • Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup. Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis. Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can! The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Short
by FX618Analysis
USD/CHF Price Action Analysis | Upwards Rather Than DownwardsDollar is back at consolidating in the Trading Range against Swiss Franc. It reached to its first level and there are two more levels remaining but it can still visit the EQ below. Even so, it has more potential for upwards rather than downwards. Entry: 0.986 SL: 0.975 TP-1: 1.001 TP-2: 1.011 TP-3: 1.021 R/R: 3.18 ‪Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.‬ ‪The ideas published here are not financial advices. ‬
Long
by CompositeTrader
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
Short
by VaidoVeek
5
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
Long
by ForecastCity
6
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
Short
by EmpowerTrader
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
Long
by ForecastCity
4