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Swissfranc

Swiss Franc can rebound up from buyer zone to 0.8900Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price some days ago made an upward impulse to the 0.9015 resistance level, which coincided with the seller zone and soon broke it. After this price some time traded near and then rose to the resistance line of the triangle. Then Swiss Franc rebounded from this line and fell to the support line, thereby breaking the 0.9015 resistance level again. Price tried to back up, but failed and made a strong downward impulse to the current 0.8840 resistance level, thereby exiting from the triangle and entering to range as well. In range, CHF declined to 0.8840 level and a not long time ago it broke this level too. And now, the price trades below the 0.8840 level in the buyer zone inside the range. In my mind, the Swiss Franc can rebound up from the buyer zone to the top part of the range, thereby breaking the resistance level. For this case, I set up my target at the 0.8900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
AUDCHF On the verge of a strong move.The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line) and aim towards Resistance 1 at 0.61500. Until this break-out, we will follow the long-term bearish Channel Down and short aiming at 0.53500 (-9.09% similar to the two previous bearish sequences). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Some of the Reasons Why We Are Selling This PairThis pair has witnessed a large amount of back-and-forth swings in the last couple of days. We witnessed price fluctuations that resulted in a direction switch over and over again. Right now, we are going to ignore all other timeframes and look at this market analysis from a 4-hour perspective. On the 4-hour chart, we can see that the market is on a down PB from weeks ago. As of last week, we had marked out our zone in the PB from which we looked to see a reversal. Yesterday saw prices rally all the way up into our zone, and from there, as expected, the market began to show signs of bearish reversals. In a bid to catch that bearishness, we were able to jump on that trade using the panzy pips trade system. The trade is expected to dip all the way down to the 4-hour liquidity target below. Now it is also important to look at the charts from multiple timeframes at the same time, so forget my earlier statement that we would only pay attention to the 4-hour chart. You all should know by now that that was a joke. So let's look at the 1-hour perspective. On the 1-hour chart, the market is bullish, with 2 PBs to the top. The 4-hour bearish impulse has experienced a good amount of support around the 1-hour PB zone (the zone is not marked out on the chart, to keep the charts clean). There is obviously a good deal of support around that level, and we believe it is because of the 1-hour zone. We would be expecting prices to breach that level and continue to dip all the way to our 4-hour liquidity level. But where that fails and the zone holds, prices would be expected to rally all the way to the top to liquidate the 1-hour target, which is the 4-hour zone, while at the same time threatening the daily timeframe zone.
Short
by PanzyPips
NZDCHF: Sell signal just emerged.NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci test. On June 15th that was a sell signal as the price made a top and got rejected back to the Support. Consequently we are turning short, targeting the S1 level (TP = 0.51850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
CHFJPY Low risk trades on the 1D MA50 closing.The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the first time since March 29th, the trend should start shifting more towards bearish on the long-term. Since however our focus is more on the short/ medium-term, we will continue to take it a step at a time and as long as the price is closing above the 1D MA50, we will be bullish, targeting the top of the Megaphone again at 169.100. If however we get a 1D candle close below the 1D MA50, we will take the loss and sell instead, targeting the 0.786 Fibonacci retracement level (where the previous Higher Low was priced) at 161.900. Note that the 1D MACD is currently on a Bearish Cross, which favors selling. Still, our trading plan a low risk and high return approach. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EURCHF Sell opportunity near the top of the Channel Down.More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a similar pattern as March 02. We are taking this as a sell signal, targeting Support 1 at 0.941850. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1