USDCHF is starting to complete its corrective structure. If this count holds true it should take half the time to reach its profit target then it took to correct. Zig Zags tend to retrace 100% of the prior wave A or W. The minimum requirement for a C wave or Y wave is 61.8% to be complete. I chose the 61% level to not pick bottoms and have a high probability setup...
Sell setup. B Wave triangle has completed and Wave C has begun. Conservative trade has been put in chart with good risk to reward.
Leading Expanding Diagonal has been formed to make wave 1. Followed by a wave 2. This would be a great entry point to go short. However US Banks are closed today and its a no trade because of that. Things can change with low volume with a WXY formation forming instead bringing the pair higher. Will wait till all players are in the market to make a trade.
Here is my possible wave count for the USDCHF. Rather this is X or 2, we have a setup for a good entry for a trade here. Stop loss would be above the Circle X. The 61.8% is a very conservative high probability target. If you can watch the count all day then maybe you can go lower, however im not planning to catch the entire move, just the probability of reaching...
Cypher pattern completion at valid structure level besides RSI&STOCH overbought.
Read text written in the chart.
Missed this one earlier but still in a good position for a short term buy.
USDCHF appears to be finishing a ending diagonal. Buy the break above.
On FX:USDCHF , the price moves sideways; there is no clear bias, Who is in control Bears or Bulls?! However, it is possible to profit out of it. There is a structure level at 0.97804, which acts as resistance lately. Also, potential bat pattern appears, which increase probability of this set-up. Thus; T1: 38.2% T2: 61.8% PS: There is a strong bullish bar; In my...
Potential Long opportunity on USDCHF 4Hr Chart Reasons for entry: - 200EMA resistance - RSO Oversold - General Uptrend - Price hitting previous resistance/now support Exit strategy - R:R of 1:5
Currently bullish on this pair, Daily closed as an Hammer candlestick, Price has retested the support area and also presenting higher lows.
As Swiss franc is exposed to events in Europe (high correlation to EUR) plus negative interest rate that will likely increase, ie becoming more expensive to store funds in CHF, Swiss banks will likely become less and less of a safe haven as other currencies become more attractive or even perhaps Gold. Also, don't forget with new tax and bank secrecy laws,...
Here we see a cypher pattern on the Us Swiss charts. This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line. When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to...
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980. You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays. When the EUR/CHF peg was removed,...
Traders, As the $USD continues to benefit from recent fundamental cues in Swiss referendum against propping up its central bank gold reserve, the pair has defined an advanced market geometry in Bill Wolfe's Wolfe Waves pattern: WOLFE WAVES POINTS: This pattern works remarkably well with discreet projection of its 2-4 Line off of Point-3 to trace the course...