USDCHF Short at 0.89099 w Technical analyis;Fundamental,..Trade Idea: Short USD/CHF
Entry: 0.89118
Stop Loss: 0.89293
Take Profit: 0.88528
Risk-to-Reward Ratio: 3.25:1
Risk per Trade: 1,8%
Analysis: OANDA:USDCHF
• Technical Setup: Price is rejecting the MR50 and pivot point, showing bearish signals.
Long wicks suggest a potential reversal.
• Indicators: Williams %R shows overbought conditions, supporting the short setup.
• Timeframe: Entering on the 50-minute chart after confirmation of price rejection or
lower highs.
Fundamentals:
• Swiss CPI: 0.6% (actual) vs 0.5% (forecast) indicates a stronger Swiss Franc,
supporting the short trade on USD/CHF.
• COT Data: Positions are bearish on USD and bullish on CHF, aligning with the setup.
Market Sentiment:
• DXY: A bearish USD supports the downside in USD/CHF.
• Overall Sentiment: Bearish sentiment towards USD in March suggests continued
weakness for USD/CHF.
Risk Management:
• Stop Loss at 0.89313 and take profit at 0.88528, offering a 2.97:1 risk-to-reward
ratio.
This is a high-probability short setup with solid technical, fundamental, and sentiment alignment. Always use proper risk management. (70-75% Probability of Winning this Trade)
