Swissfranc
USDCHF: Preparing For a Bearish Wave 🇺🇸🇨🇭
Hey traders,
USDCHF is trading in a global bearish trend.
The market is falling since 2016.
The price set a new low at the beginning of 2021.
Then a correctional movement started.
Since August the pair is trading within a horizontal trading range.
I believe that the next bearish rally will initiate after a bearish breakout of a range's support.
Next goals will be 0.894/0.88
Remember that the range can be broken to the upside as well.
In case of such a scenario, the market may retest 0.947 year's high.
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✅USD_CHF LOCAL LONG🚀
✅USD_CHF is set to retest a
Strong support level below
After breakout of the rising support line
And while I've now got a mixed bias on the pair
A bullish rebound a correction are likely
With the target being a local resistance above
LONG🚀
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Swiss Franc / US DollarThis is another specific position against the inflation happening in the US Dollar .
Betting against the US Dollar in a "safe-heaven" currency as the Swiss Franc is considered as such.
The total money supply of the US Dollar went from 4 trillion dollars in 2020 to currently over 6 trillion dollars. I have nothing to add here.
Depressive times need a little bit of imaginativeness when it comes to investing, particularly important is the awareness of future changes in the FED's monetary policy, whether dramatically polarizing events will occur or not and how this as a whole will have an impact onto the markets for the next years.
USDCHF at bottom of rising channelUSDCHF could be set to have it's first positive day since 21st December as it sits within the lower boundary of a rising channel.
We also have a recent supply zone directly below the channel boundary offering additional support.
This looks like a potentially high risk reward trading opportunity, market structure is bullish and we have seen a strong serious of higher lows - I don't expect structure to break here so a bounce before the bottom of the supply is my expectation.
This is not financial advice, you are responsible for your own trading decisions.
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Any questions or comments I'd be happy to discuss below.
CHF-JPY Swing Bearish Setup! Sell!
Hello,Traders!
CHF-JPY is trading in a rising channel
And the pair is going up to retest
The rising resistance line of the channel
Which means that we have a right to expect
A bearish pullback, but becasue the pair is in the uptrend
And the trade would be counter trend one
We will have to wait for a confirmation to form
Before we jump into the shorts
Sell!
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✅USD_CHF BULLISH SETUP|LONG🚀
✅USD_CHF is trading in an uptrend
And the pair was making a bearish correction
But is now about to retest a horizontal support level
That confluences with the rising support
So From here I am expecting the pair to go up
LONG🚀
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EUR-CHF Will Keep Falling! Sell!
Hello,Traders!
EUR-CHF is trading in a falling channel
And the pair is now trading above a local support
But below a falling resistance, and because I am bearish biased
I think that the pair will break the support
And fall further down towards the target below
Sell!
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USD-CHF Bullish Bias! Buy!
Hello,Traders!
USD-CHF is trading along the rsing trend line
And the pais looks like it is going to retest the support
From where I am expecing a rebound and move up
To retest the horizontal resistance above
Sell!
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GBP-CHF Will Fall! Sell!
Hello,Traders!
GBP-CHF is retesting a resistance cluster
Of the falling and horizontal resistance lines
Which makes me bearish and I am expecting
A pullback and a move down
To retest the support below
Sell!
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CAD-CHF Bearish Breakout! Sell!
Hello,Traders!
CAD-CHF finally broke the rising trend-line
Which makes me bearish mid-term
And the pair is now going up in a bid
To retest the resistance cluster
From where I am expecting
The pair to fall furter down
Sell!
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CHFJPY: Classic Bullish Accumulation & Breakout 🇨🇭🇯🇵
From the end of November, CHFJPY was forming a classic bullish accumulation pattern:
the price was setting higher lows respecting the same highs and constituting a strong horizontal supply area.
During the NY session opening, the underlined blue resistance was finally broken.
Now I expect a bullish move to 124.45
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EUR-CHF Potential Long! Buy!
Hello,Traders!
EUR-CHF was trading in a downtrend
But today a bullish breakout happened
And yes, this is a 2nd attempt to catch
A correction on this pair
And yes, this is a CHF pair, but
The setup is out there so
I think this is a potential long
Sell!
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CHF-JPY Will Go Down! Sell!
Hello,Traders!
CHF-JPY is retesting a strong horizontal resistance
From where we are already seeing a nice bearish reaction
I think that once we see a breakout of the
Local rising support line, the price will fall further down
To retest the support below
Sell!
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See other ideas below too!