Swissfranc
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).
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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:
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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.
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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.
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CADCHF - Broken Descending Channel 🔥Hey Traders 💖
On The Daily Time Frame The CADCHF Price Reached a Strong Support Level !
The Price Formed a Descending Channel 📉
Currently, The Resistance Line of the channel is Broken 🔥
so, I Expect a Bullish Move
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TARGET: 0.67700🎯
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EURCHF: Important Breakout & Bearish Outlook 🇪🇺🇨🇭
EURCHF was consolidating for 2 weeks, perfectly respecting 0.985 - 0.989 horizontal support.
It was finally broken last week and a daily candle successfully closed below that.
The broken structure turned into resistance now.
I will expect a bearish continuation from that at least to 0.975.
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EURCHF: Bearish Move After Consolidation 🇪🇺🇨🇭
EURCHF was consolidating for quite a long period of time within a horizontal trading range on a daily.
Its support was broken yesterday.
I believe that such a violation may trigger a bearish continuation.
I expect a bearish move to 0.9787 / 0.9723
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USDCHF - NEW BREAKOUT !HELLO TRADERS !
On The Daily Time Frame The USDCHF Price Reached a Support Level !
Currently, The Support Level is Broken and becomes a New Resistance Level 🔥
The Price Formed a Descending Triangle Pattern !
so, I Expect a Bearish Move 📉
i'm waiting for a retest...
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TARGET: 0.88650🎯
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AUDCHF: Trade around this trendline.The AUDCHF pair is trading inside a nearly 1 year Channel Down, with the 1D technicals obviously bearish (RSI = 35.683, MACD = -0.006, ADX = 40.124). We will trade according to whether the LL trendline holds or breaks. If it breaks, we will sell and target the bottom of the Channel Down (TP = 0.58000). If it holds, we will buy and target the 1D MA200 (TP = 0.62000).
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EURCHF: Pullback From Key Level 🇪🇺🇨🇭
EURCHF is testing a key daily structure support.
Analyzing the 4H time frame, I spotted a horizontal intraday range.
Its lower boundary matches perfectly with the underlined daily structure.
I am expecting a pullback at least to the upper boundary of the range.
Goal - 0.9883
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AUD/CHF could be headed for the April 2020 lowAUD/CHF is within an established downtrend on the daily chart, and the current dynamics present a divergent theme which could send it lower from here.
Yesterday closed with a bearish engulfing candle at its lowest level since April 2020. The moving average remain 'within order' and fanning out, and the 10-day EMA is now capping as resistance as prices try to accelerate away from the averages. The monthly S1 pivot sits around 0.5975 and the RSI is oversold, so we may see a period of consolidation or minor rebound from S1. But the bias remains bearish below 0.6100 and for an eventual move towards the April 2020 low.
✅AUD_CHF WILL KEEP FALLING|SHORT🔥
✅AUD_CHF broke the key structure level of 0.602
While trading in an local downtrend
Which makes me bearish
And I think that after the retest of the broken level is complete
A rebound and bearish continuation will follow
SHORT🔥
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CHFJPY - BROKEN RESISTANCE 🔥HELLO TRADERS !
The CHFJPY Price Reached a Daily Support Level and 0.618 Fibonacci Retracement Level and formed a Double Bottom Pattern!
Currently, The 144.206/143.609 Resistance Level is Broken 🔥
The Broken Resistance becomes new Support Level ✔
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET: 146.550🎯
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USDCHF Sell higher, buy the breakoutUSDCHF is trading inside a Channel Down.
The last Low was made on the Falling Support that is in effect since February 14th.
Trading Plan:
1. Sell when the price hits the MA50 (4h).
2. Buy if it crosses over Resistance (1).
Targets:
1. 0.8990 (Falling Support).
2. 0.91950 (Resistance 2).
Tips:
1. The RSI (4h) is under a Falling Resistance. The last two times it approached the 30.00 level, the Channel Down formed a Low. Use this as a buy entry and the Falling Resistance as a sell in addition to the conditions above.
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USDCHF Expected to make a new Low.The USDCHF is under a Falling Resistance, remaining below both the 4hour MA50 and MA100.
As long as it is closing under the 4hour MA100, it is expected to make a new Low, much like the fractal of November/ December.
Target the Fibonacci 1.5 extension at 0.89350.
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CHFJPY - New Breakout !HELLO TRADERS💖
On The Daily Time Frame The CHFJPY Price Reached A Major Key Level !
Currently, on the 1h Time Frame The Price Broke The Support Trendline.
So, I Expect a Bearish Move 📉
i'm waiting for a retest...
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TARGET: 141.365🎯
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✅GBP_CHF RISKY LONG AFTER WEDGE BREAKOUT🚀
✅GBP_CHF is trading in a
Local uptrend and the pair
Broke out of the narrowing
Bullish wedge pattern which
Suggests that with high
Probability the pair is likely
To go further up towards the
Target around 1.13 area
LONG🚀
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CHFJPY - Break of Structure 🔥📉on The Daily Time Frame, The CHFJPY Price Reached a Daily Resistance Level !
Currently, on the 1H Time Frame The Higher Low of the bullish structure is Broken (Break of Structure) and now we have a new Lower Low🔥
So! I Expect a bearish move 📉
i'm waiting for a retest...
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TARGET: 141.370🎯
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