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Swissie

Bullish Continuation on USDCHF?- The previous trading week has seen a symmetric triangle consolidation of the price following a trend reversal and short rally on 11-12 June. - Over the coming week we could see the price finally break out of this pattern and continue upwards to the 0.96444 level, which has previously been an important support and resistance level. - Tightening Bollinger Bands also tell us to expect a significant movement compared to last week's relatively sideways movement.
Long
by WillRakowski
GBP/ CHF On the Pound we have a Bearish Bat Pattern the top of the prz is the CD Leg max the 2.618 and the 886 is on the lower side. we see that price shot right through the PRZ and created a big wick PA came right to the HOP level of this pattern and was rejected. i wanna see the RSI go a bit lower and i do wanna see the HSI on the other side and in the upper extreme coming down. the COT Fundamental side of this is the Pound is losing strength becasue the commercials are building more orders on the long side which means price is driving lower and the Non-Commercials are driving the bus lower. With the open interest increasing. the CHF is gaining strength so i would like to hold this trade and ride the wave down. i watched this pair all week and broke even on my smaller pattern. it almost hit my TP1 and now waiting for the re-entry off this pattern.
Short
by ARegularGuy
USD/ CHF So, I have always wondered why the Dollar Swiss Franc never really made any significant moves and I was reading about commoditiy currencies and ran across these things called reserve curriencies. turns out the USD CHF is a reserve currency. So, as a foreign exchange trader growth and knowledge is as important as Any other profession. with all that being said here we have one of two patterns. we have a deep gartley with the wick meeting the maximum 3% tollerance outlined i Harmonic Trading Volume 3 or we have a very dirty Bat pattern. PA closed at like 5.01 or 5.05 of the XA retracement. now this is not really a big issue for this paticular setup becasue both the bat and deep gartley complete at the 886 and both have the same cd completion points. so, the box is the PRZ bottom of the box is the 886 and the cd 1.618 lined up just perfectly. #RISKFREEORBUST FX:USDCHF
Long
by ARegularGuy
Short US Dollar vs Swissie (Hourly) USD has lost a lot of steam this week and I expect this to continue coming into the next few weeks (Despite already hitting weekly lows). Swiss Franc (known as a fairly stable currency) is one of the best choices in this current market environment, especially considering we may see massive selling in EUR in the coming days. Started to look short around 0.9650 but if you can see that a larger bullish flag formation is being created. This if you were to combine what you know from the fundamental analysis and what the chart is showing it would mean the current intraday trade is short USD and long CHF. I know confusing right? For more full analysis, trading ideas and tips feel free to subscribe to my newsletter. Thank you for everyone who likes and shares this analysis. Really appreciate it Connor
Short
by UnknownUnicorn309537
Euro Swissie, Difficult to trade but a strategic placeI can't say exactly as forecasted, because after the original idea (which TV hide it because violating house rules) I tried to take a sell for 3 times until the last one was successful. (as shown on the chart by yellow ⬇️) Now I'm watching it if can take a buy Happy Trading & stay green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Note: The published ideas, are ONLY our views and analysis of the market. Forexian does not take any responsibility for your decisions based on your strategy.
Long
by Forexian
Pattern analysis on USD/CHF 4H chartUSD/CHF or the Swissie as most people refer to, has an interesting falling wedge formation as shown on the chart presented. The falling wedge breakout is a chart pattern that works out really well for me on this pair specially on time frames above 1 hour. Another interesting confluence to this chart is an awesome oscillator divergence, which is rarely seen but it adds a strong confluence to our analysis. A divergence between the oscillator indicates that the price is making lower move, but with a relatively less momentum as compared to the downward move it made earlier. This complements the falling wedge chart pattern as both of them indicate a bearish trend that is losing its strength. An ideal long entry at this pair can be made at the first retest after the price breaks the falling wedge pattern. I have approximated a potential move of 38 pips above the entry as we can see a strong supply zone in that area where sell orders are expected to be triggered. Another confluence to our analysis can be the strong fundamentals of the US economy with an excellent performance of the US stock market, a moderate rate of inflation and finally the extraordinary unemployment release we got earlier. Therefore, I believe that this trade is worth a shot. However, since we are going against the trade this time, I would make sure to minimize my risk by reducing the lot size here. Further opinions are highly welcomed on the comment section below. Happy trading!
Long
by Sudan_Aryal
Trade War Weakness? USD/CHF Ichimoku Short Trade SetupThis pair fell hard with the new tariff announcement from President Trump last week. We are now approaching some important price structure support levels. I am looking at a sell with 2 different ways to enter. The better scenario would be for a drawback back up to where I have my entry line drawn and see a good rejection candle form there to help confirm it's indeed time to sell. The second way would be to set a sell stop at the level I have marked on the chart, a break of that price structure support level should drive further downside action. I've drawn out multiple partial take profit levels to aim for on the way to my longer term target, assuming a bearish trend stays in-tact. If either of these two scenarios fail to play out, this setup may become invalidated.
Short
by The808Trader
USDCHF - COntinuation SHort Trade - could be a big moveHello all - DuncanForex here with another trade idea I am looking to add positions to my USDCHF trade With the Swissie and Dollar fighting against each other - price action has slowly cycled lower, but it is cycling lower... With price action currently sitting at resistance on the 4 hour chart if the lows are broken at 0.9835 - I will be looking to add short positions. If the highs of 0.9877 are broken, then I will look to change my view on the USD. DuncanForex is now live Thanks for looking at my trade idea Duncan
Short
by UnknownUnicorn483829