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Swissfranclong

BEARISH RUN AFTER RETRACEMENT FOR CADCHFWe can currently see this pair retracing thus gaining momentum and also creating bearish divergence for a potential bearish continuation. We can see the same setup on USDCHF. The grey line has been marked at 50% fib level of that bearish move. Should price move to the red line which is our SL, this would invalidate our trade idea. Our tp is marked at 100% of the retracement. Grey line- entry Red line - Stop loss Green line - Take profit Risk exposure - 1% Risk to reward 1:2
Short
by Malika_Analysis
USDCHF Oscillators Begging You to BuyAlthough we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly this week was for the pair which is now flashing an oversold signal. Momentum oscillator also signals to buy. Overall, this may be short in the longer-term, but I now suspect we still see some upward movement first. If you like my analysis and are hungry for more charts, you can also check out some of my work at www.anthonylaurence.wordpress.com
Long
by WhiskeyTangoFoxtrot3