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Swissfranc

CHFJPY: Pullback for a month, then buy opportunityCHFJPY is an almost overbought 1D technicals (RSI = 69.922, MACD = 1.670, ADX = 65.369), rising non-stop since March 20th inside this 1 year Channel Up. The pattern is much like the June 29th 2022 top that after almost hitting Fibonacci 2.0, it pulled back to the 1D MA50 and resumed the rise to Fibonacci 2.618. Consequently, we are selling this pullback and once the 1D MA50 is hit, we reverse to buying (TP = 160.000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
CHFJPY signaling a bullish extensionThe CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target: Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This gives a maximum upside at around +7.20% from the Higher Low. We set a target below it at 159.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
5
EURCHF Buy opportunity a little lower.The EURCHF pair is now trading below the 1D MA200 (orange trend-line) for the 5th straight day. This is a downtrend that started after the March 23 High. We are looking to buy lower near Support 1 (0.972500) assuming the 1D candle closes above it and target the September 2021 Lower Highs trend-line at 0.99000. If it closes a 1D candle under Support 1, we will book the loss and take a sell position instead targeting Support 2 at 0.966500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURCHF: Buy opportunity inside this Channel Down.EURCHF is on red 1D technicals (RSI = 39.692, MACD = -0.003, ADX = 65.962) as it is trading at the bottom of the 2023 Channel Down. This is a buy opportunity targeting its top (TP = 0.99500). We will short there as long as the price closes inside the Channel Down and target S1 (TP = 0.97100). The pattern and the long term bearish trend breaks , if the pair closes above the R1, in which case we will buy and target the R2 (TP = 1.01000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
5
USDCHF Channel Down rejection on the 4H MA50. Sell signal.The USDCHF pair has been trading within a Channel Down pattern since March 08 High, with a Diverging Lower Lows trend-line supporting on the April 13 Low. For the past three days however, the 4H MA50 (blue trend-line) has been rejecting the price. That has been the standard short-term Resistance since March 22, so almost a full month. As a result, it is more likely to see a bearish continuation within the Channel Down, targeting the Lower Lows again at 0.87890. This would complete a -2.41% drop similar to March 23, as the two fractals are quite identical, especially in terms on RSI. If the price closes a 4H candle above the Channel Down though (0.236 Fibonacci), we will turn bullish instead and target first the 0.382 Fib (0.90835) and the 0.5 Fib (0.91500) in extension on a possible contact with the 1D MA50 (red trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
USDCHF: Sell this rebound to the 1D MA50USDCHF is trading inside a Channel Down with technicals bearish on the 1D time-frame (RSI = 40.330, MACD = -0.007, ADX = 38.527). As the price is rebounding on S1 and the 1D RSI rebounded from the oversold 30.000 level, we projected a rebound near the 1D MA50, where we will turn bearish again, targeting S2 (TP = 0.87610). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
1
AUDCHF: Your Trading Plan For Today 🇦🇺🇨🇭 AUDCHF is approaching a key horizontal resistance. The price formed a double top on that on 4H. 0.6026 - 0.603 is its neckline. To short with a confirmation, wait for a bearish breakout of a neckline. 4H candle close below will confirm a violation. Short aggressively or on a retest then. Goals will be 0.601 / 0.5995 If the price sets a new high, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4
EURCHF Trading plan based on the RSIEURCHF is trading inside a Channel Down after getting rejected on January's Falling Resistance. As long as the Channel Down is intact, the trend is bearish. If broken to the upside, it's bullish. They key to it however seems to be the RSI. Trading Plan: 1. Sell as long as the RSI (1d) remains under its MA line. 2. Buy if it crosses over it. Targets: 1. 0.97500 (near Support 1) 2. 0.99500 (near Falling Resistance). Tips: 1. The RSI (1d) has always given a buy signal when it crossed above its MA ever since the Falling Resistance started. Please like, follow and comment!!
by TradingBrokersView
7