USDCHFWe are in a down trend and currently in the corrective phase of the leg.
We have not gotten a multi touch confirmation but we got a second touch which is also still valid to use. Price tested the previous high and rejected. Going down into lower time frames.
The are 3 bearish soldiers from that rejection which show further market strength. We are in a very corrective ascending channel. We formed another correction (it has been 6-8 hours).
Sell Idea also still has kinks so make sure to follow your plan and manage according to your system.
UC
USDCHF 19/11/23Usd chf following the bearish order flow as we called out last week we got our target on Friday but we still need to wait for a new range to be confirmed as we have not had two 5 minute candles closed below us and row because of this we cannot have any consistent markups until this point is formed we had a big drop off at market close that we need to wait for this to correct itself depending on if we have any gaps at market open we will monitor as market open up.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 12/11/23Usd chef stayed within the bullish range that it created on thursday afternoon, Following on with this we saw a heavy bearish move at market close on Friday which is to be expected after a bullish day within the range that we are currently situated we are now looking for a run of the liquid lows and a tap into the point of interest that sits at the lower end of this range if price is going to shift bullish on our usd secretary pairs we will expect this of course to shift bearish which means this range will fail of course until we see this it is nothing more than a theoretical scenario so we will keep this in line with what we have structurally which is a bullish overall direction currently.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 5/11/23As you can see from US dollar chef you're probably starting to recognise that there is a clear pattern here we have a freshly established swing with a swing high and a swing low giving us the exact opposite of what we've seen with our usd secondary pairs which is of course a bullish range in this case we have a bearish range breaker structure has occurred at the end of Friday session we have now fully established our range we'll be looking at exactly the same thing for our other pairs just in this case reversed as we are looking for highs to be ramped for continuation to the downside or the higher poi to be tapped into for again continuations to the downside.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 22/10/23UC is another example of bearish price action we know from what we have seen of our other pairs that this is likely to carry over into this week but we will more than likely look to fill some of our high areas, which would match up nicely with what we know of our other pairs for example GU.
Main focus here is to take out a major high or low, as it stands we have a lot of liquid on both sides of the market, so we don't want to get caught up in anything we don't need to be in!
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 9/10/23US dollar to the Swiss franc is showing us exactly what we'd like to see which is a reversed version of our USD secondary pairs so for example in this case we have a bearish swing range showing us that the gap is at the low of the range in our usd secondary pairs we have the reverse where our gap is at the top of the range and we are in a bullish directional range now the gap on the US dollar Swiss franc was not as large as our other primary pairs but we have still had a gap at market open which has now been filled due to the high impact news on Friday we created a huge 5 minute range this range needs to be broken either higher or lower to confirm our manipulated low until that we will just continue to follow the internal price action to possibly find some movements for a short term entry.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 2/10/23UC US dollar chef giving us another clear bearish setup here with a non usable swing POI at the low and poi on the 5 minute time frame At our swing high which we are going to watch for more bearish momentum to the downside of course if we get there and we do not see any reaction at our point of interest it becomes less probable for this to play out we also have the S&P this afternoon as we mentioned in our previous two markups so until that news event has come we may see bias is shifting through this Monday session collectively we have had no entries yet on usdchf so we will keep you updated if we do have any this week.
USDCHF 24/9/23UC is our last pair for this week, as it stands we have a clear bullish range but as we have said on nearly all of our pairs we do expect the current moves that have ran over the last few weeks, until we actually break out of this trend we will keep following it until it does then we will change our bias and follow price as it moves.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCHF 10/9/23UC we got a nice tap in to our swing range POI last week which was telling us buy side movements are likely, now from here we are looking to see the high taken, we hit a pretty key level (c-swing poi) from there we closed out for the weekend, from open we are still looking for the high to be ran so keep this in mind as we head into our new week.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDCAD Analysis - Long SetupAnticipating higher prices on UC.
I will be waiting to see if price reacts at the Daily FVG below as well if it digs into the 1h/4h FVG slightly lower. There are relative equal highs above which will be a good target.
Always wait for confirmation on lower timesframes!
R2F
USDCAD waiting for retestAfter the breakout, the price didn't come for retesting. So wait for the structure to change and short till the price fills the imbalance/fair value gap. As of yesterday market is not following the pattern. My advice is to wait till the retest is done.
Follow me for more ideas and likes will be much appreciated.
!! Trade Safe !!
USDCAD LONG BIAS (UPDATE!)Hello all!
Back with another one, this time USDCAD..
The pair FINALLY broke consolidation. Now, i will monitor LTF to follow the continuation to the next Supply zone (marked).
UC broke a strong supply today, and now we can look to take LONG positions until 1.372..
Trade safe, take care!