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USD-CHF-LONG

USDCHF, Week 8 as expected, Week 9 reversal?USDCHF move exactly as expected from our analysis on week 7. Finishing the week with a volatile Friday. However, I changed something to the week 7 analysis to reflect a more accurate trend movement. In our Week 7 analysis, I actually used a H&S to reflect the level 3 reversal zone. But after considering the move this week, I decided to change to better reflect the 3 bearish trend movement as I analyzed the Week 8 to end with a reversal zone, which coincided with a level 3 bearish zone. I did not follow my own trading plan and decided to trade with a longer term perspective, which lead to a issue I faced. It caused me about 5% losses to my overall equity in my managed fund and about 9 false trade to my signal followers, and yes I am mad. But it is ok, I will re focus back to what works in Week 9 again. Currently USDCHF seems to finish the full double bottom reversal shape, and I am waiting for it to break the high of the level 3 reversal zone. I am hopeful that the price will resume a bullish movement in Week 9. I hope all traders to continue with a profitable Week 9 ahead. Please share your thoughts below, like and follow me for my weekly analysis on EURUSD, GBPUSD, USDJPY and UISDCHF!
Long
by xunnobi
USD Rallying Against Swiss. Current Trade in Profit.Last Friday (Yellow Triangle on chart) I pointed out that I thought the Franc would yield up some turf to the Dollar, which seems to be the case this week. Right now the Dollar is testing recent supply area. I've drawn in a new support trendline, but the Swiss is a hard nut to crack. Price action will need to close above area of supply resistance. If that happens I'll be adding in an additional lot or two. I'm currently LONG from 0.93878 with Target 1 @ 0.97275 but will take 0.968 as a more conservative target if momentum starts to dwindle.
Long
by jrashaadtrades
USDCHF Potential Long Position (4Hr Timeframe)• Monthly- breakout from bullish trend • Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week - Last week was retest of breakout of daily channel • Daily- bearish spinning top, trend could have found support at 61.80% fib level - Inverted Head & Shoulders pattern • 4 hour- inverted bullish hammer with potential MACD crossover for bullish move • Verdict: Long bias which I look to take once trend breaks past 0.00% fib level • Fundamentals; US economic data Thursday
Long
by TarbzFX
1
USDCHF Long Position (4hr Timeframe)• Monthly- breakout from bullish trend • Weekly- MACD about to cross and bullish engulfing candle signal bullish bias this week • Daily- Trend has crossed over 21 MA and both MA about to cross • 4 hour- potential pull back in area of resistance will look for breakout before going long • Hourly – MACD signalling bearish move which could be just the pullback will look to take position once pullback is broken • Verdict: Long bias which I will take few hours into market opening only if pull back is broken in bullish move • Fundamentals: Fundamentals: US economic data e.g. CPI
Long
by TarbzFX