USDCHF for a possible diveAfter price fell aggressively and broke structure, it left behind a huge imbalance with a clean POI. Price preceded to retrace and tap into that POI and then gave us a change of character on the lower time frame. Now price is looking to use liquidity that has been engineered to continue selling off a lower time frame POI since it is in an overall bearish orderflow.
Usd-chf
Joe Gun2Head Trade - USDCHF into resistance. Highly speculative.Trade Idea: Selling USDCHF
Reasoning: Double top on the weekly chart. Into intraday resistance. Highly speculative ahead of CPI at 1:30Uk.
Entry Level: 0.93382
Take Profit Level: 0.9167
Stop Loss: 0.9398
Risk/Reward: 2.82:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
USDCHF H4: Bullish outlook seen, further upside above 0.9250On the H4 time frame, prices are approaching the support zone at 0.9250, in line with the 50% Fibonacci retracement level, where a throwback to this zone could present an opportunity to play the bounce. Stochastic is approaching support at 8.23 and showing a bullish divergence.
Joe Gun2Head Trade - USDCHF Short term double topTrade Idea: Selling USDCHF
Reasoning: Short term double top
Entry Level: 0.91972
Take Profit Level: 0.9123
Stop Loss: 0.9230
Risk/Reward: 2.58:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
USDCHFUSDCHF ( U.S Dollar / Swiss Franc )
Rising Wedge in Long Time Frame
Falling Wedge as a Corrective Pattern in Short Time Frame and Completed the Breakout and Retracement of the Upper Trend Line
Break of Structure but didn't Completed the Retracement
Impulse Correction Impulse
Divergence
S / R Level . Demand Zone
Joe Gun2Head Trade - Ending wedge on the daily.Trade Idea: Buying USDCHF
Reasoning: Ending wedge on the daily, aggressive pullback this morning.
Entry Level: 0.9267
Take Profit Level: 0.9383
Stop Loss: 0.9225
Risk/Reward: 2.69:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
USDCHF Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for USDCHF is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 0.93446, where the 23.6% Fibonacci line is. Stop loss will be at 0.93986, where the previous swing high is. Take profit will be at 0.92313, where the previous swing low and 88% Fibonacci line are.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDCHF on a new recent low 🦐 USDCHF on the 4h chart after the false break out over the weekly support retraced to the 0.618 level.
The market then moved to the 0.382 support area and we can expect some more retracemt to the upside.
How can i approach this scenario?
If the price will break above the 0.5 Fibonacci level i will consider a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Selling USDCHF at previous support.USDCHF - Intraday - We look to Sell at 0.9327 (stop at 0.9351)
Price action continued to range between key support & resistance (0.9230 - 0.9330) although we expect a break of this range soon.
The bias is to break to the downside.
Daily signals are bearish.
Previous support at 0.9330 now becomes resistance.
Our profit targets will be 0.9268 and 0.9258
Resistance: 0.9300 / 0.9330 / 0.9345
Support: 0.9270 / 0.9245 / 0.9230
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF can move higher? 🦐USDCHF on the 4h chart after test of the weekly support bounced for a third time over the structure.
The price is now testing a descending trendline zand a break for a move to the resistance can be seen
How can i approach this scenario?
According to Planctonìs strategy IF the market will break above i will set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USDCHF levels below 0.9240 continue to attract.USDCHF - Intraday - We look to Buy at 0.9235 (stop at 0.9209)
Levels below 0.9240 continue to attract buyers.
Expect trading to remain mixed and volatile.
We look to buy dips.
We are trading at oversold extremes.
Our profit targets will be 0.9298 and 0.9308
Resistance: 0.9300 / 0.9320 / 0.9340
Support: 0.9280 / 0.9270 / 0.9250
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF H1: Bullish outlook seen, further upside above 0.92800On the H1 time frame, prices are approaching the support zone at 0.9280, in line with the graphical support and 50% Fibonacci retracement level where a throwback to this zone presents an opportunity to play the bounce to the resistance zone at 0.93700. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
Selling USDCHF at 50 EMA.USDCHF - Intraday - We look to Sell at 0.9313 (stop at 0.9339)
Our short term bias remains negative.
Daily signals are bearish.
50 4hour EMA is at 0.9311.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9251 and 0.9241
Resistance: 0.9290 / 0.9300 / 0.9320
Support: 0.9270 / 0.9255 / 0.9240
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF on a short-term move 🦐USDCHF on the 4h chart after test of the weekly support bounced for a second time over the structure.
The price is now testing a confluence zone between a descending trendline and a resistance area.
How can i approach this scenario?
According to Planctonìs strategy IF the market will break above i will set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USDCHF 1D Death Cross can be bullish short-termThe USDCHF pair confirmed our bearish signal more than a month ago and broke below the 1D MA50 (blue), 1D MA200 (orange) and 1W MA100 (red trend-line) in succession. While at this, it broke below both Higher Lows trend-lines that started on the January 06 2021 market bottom, thus confirming the long-term shift from bullish to bearish.
The emerging 1D Death Cross though (MA50 crossing below the MA200), while a long-term bearish formation, it can be bullish short-term. The reason is that while the price has been on Lower Lows, the 1D RSI is a Higher Lows i.e. a Bullish Divergence. Since the Jan 06 bottom, the two similar RSI Bullish Divergencies, ended up with rebounds.
Even during the last registered 1D Death Cross, the pair had again a 1D RSI Bullish Divergence that made a short/ medium-term rebound above the 1D MA200 and the previous Lower High and resumed the downtrend after it closed below the 1W MA100 again.
As a result, unless we make a break below last week's low, we are short-term bullish on the USDCHF, targeting the 1D MA200 and then turn bearish again. If however we break below the recent Low first, we will change back to selling and target the lower Supports in succession: 0.90900, 0.89300 and 0.87600.
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Selling USDCHF at previous resistance.USDCHF - Intraday - We look to Sell at 0.9368 (stop at 0.9393)
Current prices have reacted from a low of 0.9215, however, we expect further losses to follow.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Previous resistance located at 0.9365.
Our short term bias remains negative.
Our profit targets will be 0.9305 and 0.9295
Resistance: 0.9340 / 0.9365 / 0.9380
Support: 0.9315 / 0.9300 / 0.9260
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF - Our short term bias remains negativeUSDCHF - Intraday - We look to Sell at 0.9329 (stop at 0.9353)
Our short term bias remains negative. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Preferred trade is to sell into rallies. Previous support at 0.9330 now becomes resistance.
Our profit targets will be 0.9271 and 0.9261
Resistance: 0.9270 / 0.9300 / 0.9330
Support: 0.9250 / 0.9230 / 0.9215
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Selling USDCHF at previous support.USDCHF - Intraday - We look to Sell at 0.9329 (stop at 0.9353)
Our short term bias remains negative.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
20 4 hour EMA is at 0.9327.
Previous support at 0.9330 now becomes resistance.
Our profit targets will be 0.9271 and 0.9261
Resistance: 0.9300 / 0.9330 / 0.9350
Support: 0.9270 / 0.9257 / 0.9231
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.