USDCHF has completed a bullish crab. TP set at 61.8% fib retracement level.
9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower...
The price is struggling to go down and I think it is over. there is no enough pressure to go down. Your comments are highly appreciated
worth trying if on lower timeframes we get a double bottom or signals of reversal
looking for trade setup either on 1.01000 for buy and 0.99554 for sell setup.
in today's NY Session i will be looking Long Opportunity in USDCHF .
USD CHF long im bullish on the pair due to higher time frame. testing out this long
My bias for USD/CHF is SHORT. The pair has been in consolidation for over a year now, it is again trying to breach the strong daily resistance. The candle before today is a shooting star, this is a good confluence. The ascending trend line drawn has been broken in the last few days, so that's confluence to a bearish move, now just waiting for a clean bounce from...
a doji has been created on the H4 chart just on the descending trendily, in the long-term i believe the pair will retrace back to the monthly resistance. However, I believe we can catch a retracement back to the H4 resistance level. Also, if you draw a fib, the H4 resistance also lines up with the 0.618 level. TP @ 1.00472 SL @ 1.01742 R/R @ 4.00
NZDCHF end of the range and now we have a potential long setup, keep an eye of the top range zone
Good morning traders! I know I am a few moments late on this set up but we have a great shorting opportunity here on USDCHF. 1.0219 marks strong resistance that will likely attract sellers. Shorting here just a head of the level with a 30-40 pip stop loss is a good setup! Enjoy!
USDCHF looks to be at an interesting point to me. I'm thinking of going long at 1.0216 (entry would be just above a resistance level at 1.0211, if it manages to break it) with TP at 1.0299 (another longer term resistance level) and a SL at the point I think I would be wrong, which to me is into the body of the last daily candle. At about a half of the ATR on the...