Potential USD CHF opportunity with good R:R Reasons for Entry: - Price finding resistance at previous High - Bearish Candle formation - RSI Overbought / Divergence Target - 3:1 Risk Reward Stops - Above previous High If the first trade gets stopped out, wait and look for a long setup, targeting 0,99500.
Unfortunately, I need to go sleep, so i have to make a sell stop order. expect some down move, then up when the correction is over. Entry when RSI=70.
USD/CHF is moving within an ascending Triangle Pattern. I wait for the completion of Wave E at the Trendline and enter on a Breakout to the upside. My first TP is at the 61.8% Retracement and my second one is at the Top of the Ascending Triangle Good Trades, Daniel
Usd-Chf Inverted Head And Shoulder
Ralf Nelson Elliot idea pottential 5 wave start we can sell with good risk reward relation don't forget for the fundament.
Hi guys i am starting a challenge where i will do 100 trades and see what my win trade is after the 100 trades. You can follow if you want. In this trade we can see a long term ABCD pattern that is still active. We also see a breakout of the strong trend line so price might retest that resistance zone
USD/CHF: T-B Finder @ 100% MIDAS Trading Tools for MT4 @ MQL5.com
USDCHF Covergence we wait for a local bottom and buy in h4 RSI is oversold
Price is currently making its first leg to the downside (X-1) breaking S1 and S2 - terminating the uptrend as the new data comes in. Pullback to R1 is for selling as I am looking to trade the second leg down. 4hr Time Frame with MIDAS BottomFinder indicating that there is 22.2% fuel left. MIDAS Trading Tools for MT4 @ MQL5.com
Based on H4 chart, USDCHF formed an indecision at the support area, followed by strong rejection of its former movement. The price moved a long way down, so it may be a good time for some pullback and most probably we'll see a reversal here.
Will be looking to take a long position on USD/CHF based on the following reasons: - 0.618 fib support held strong - Inside a falling wedge which is normally a sign of reversal - Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue As always, trade safe
Price failed to complete new swing low within price channel 1) Break and retest of descending price channel 2) Daily support held @ 0.98402 3) Daily candle closed as an bullish engulfing previous days + broken daily resistance @ 0.99040 4) Target 1 @ 0.96627 5) Target 2 @ 1.00398
The price is both within general resistance area (blue) and trend resistance (yellow). We've already seen it's been stalling for couple of days here and now it started to reverse. USDCHF is in medium-term downtrend, so in my opinion it's great time to take short trades here :)
in up coming hours we will be looking short opportunity in this pair