USDCHF H1 | Bullish momentum to extendUSD/CHF could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 0.88345
Why we like it:
There is a pullback support level
Stop Loss: 0.88121
Why we like it:
There is a pullback support that sits under the 50.0% Fibonacci retracement level
Take Profit: 0.88802
Why we like it:
There is a swing-high resistance level
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!
Could we see a bounce off major support?Price is in a large ascending channel suggesting there might be bullish momentum pushing prices up. Our pivot is at 0.8822 which is a pullback support level - if price were to bounce from this level, we could see it rise towards the 1st resistance at 0.8877 which is a recent major swing high resistance.
If price were to break the pivot, we could see it drop towards the 0.8777 support level which has seen prices bounce off multiple times in the past.
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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USDCHF - Price can exit from pennant and then continue to growHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
A not long time ago price made upward impulse from support area to $0.8885 points, breaking $0.8770 and $0.8835 levels.
After this, price started to trades in pennant, where it soon bounced from resistance line and declined below $0.8835 level.
Next, CHF some time traded near this level and later bounced down to $0.8770 support level and even lower to support line of pennant.
Price at once backed up, making fake breakout, and rose to resistance line of pennant, also recently it exited from this pattern.
But now, CHF trades below this line and I think Swiss Franc can break resistance line, make retest, and then continue grow to $0.8835 level
If this post is useful to you, you can support me with like/boost and advice in comments❤️
USDCHF H1 | Potential bearish breakout Based on the H4 chart analysis, we can see that the price is falling to our sell entry at 0.8781, which is a multi-swing low support.
Our take profit will be at 0.8752, a support level
The stop loss will be placed at 0.8801, which is a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
OVER 3000pips From One Analysis! ✅For 3 months DXY was in a decline from October 2023 to December 2023. Price went on to create the perfect leading diagonal, consisting of 5 waves.
On the 28th of December, we were anticipating price to complete the diagonal and bounce off our diagonal support and reverse. Price went on to do exactly that!
So, how do we use DXY to find setups? DXY can be substituted for USD. If DXY goes up, it can be assumed that USD gains strength. Therefore, we can use the following equation:
DXY Strength =
USD/XXX LONG
XXX/USD SHORT
On the 28th of December, our USD reversal setups were active based on the assumption that DXY would reverse after hitting the diagonal support. We planned ahead and found reversals for USD based setups.
See below to see how we did!
AUDUSD (350pips) -
NZDUSD (300pips) -
EURUSD (450pips)-
USDCAD (400pips) -
USDCHF (500pips) -
USDJPY (1000pips) -
Analysis DXY can be such a powerful tool! Do make sure you add it to your arsenal when finding USD based setups.
Hope you guys learnt a thing or two. Goodluck and as always, trade safe!
DXY Head and Shoulder Pattern 4HDXY Head and Shoulder Pattern 4H
Possible formation of a head and shoulders pattern on the 4H timeframe.
Pattern is a reversal pattern, could possibly break the 4H trendline to continue the daily timeframe downtrend. Would be looking for shorts from the 50% to 61.8% Fib levels.
Further confluence is the RSI showing now entering overbought levels on the 4H timeframe.
If price breaks past the previous lower high on the 4H timeframe, trade will become invalid.
Like and comment if you agree.
USDCHF H4 | Potential bullish reversalUSD/CHF could fall towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.87712 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level.
Stop loss is at 0.87090 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 0.88714 which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF to find buyers at current support?USDCHF - 24h expiry
Levels close to the 50% pullback level of 0.8789 found buyers.
Prices have reacted from 0.8742.
The bullish engulfing candle on the 4 hour chart the positive for sentiment.
We look to buy dips.
Our outlook is bullish.
We look to Buy at 0.8790 (stop at 0.8762)
Our profit targets will be 0.8860 and 0.8875
Resistance: 0.8821 / 0.8838 / 0.8850
Support: 0.8790 / 0.8770 / 0.8742
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.
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Reversal channel breakout Potential price breakout of a reversal channel towards a key support area.
Counter movement: If price breaks current resistance area upwards, retrace and form new support area; then price will potentially move towards a key area (previous lower high on the daily timeframe). Place pending orders above and below resistance area and let the price play out.
USDCHF - Wait For The Impulse 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCHF has been overall bullish, trading within the rising channel in blue.
Currently, USDCHF is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong support zone at 0.87 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #USDCHF is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD/CHF Approaches Key Level Amidst Fed Rate Cut SpeculationThe USD/CHF pair is edging closer to the critical 0.8900 level, driven by speculation of the first rate cut by the Federal Reserve scheduled for July. This movement comes amidst contrasting economic indicators from both the US and Switzerland.
In the US, the core Consumer Price Index (CPI), which excludes volatile food and oil prices, surprised investors by rising at a steady pace of 3.9%, contrary to expectations of a decline. Fed policymakers closely monitor core inflation data to gauge the appropriate monetary policy. Persistent core inflation figures could prolong the period of restricted interest rates, adding further support to the argument for maintaining current levels.
Conversely, the Swiss Franc faces pressure as price pressures within the Swiss economy decelerate notably. January saw the monthly CPI grow by a modest 0.2%, falling short of the forecasted 0.6% increase. Additionally, annual inflation witnessed a significant slowdown to 1.3% from the anticipated and prior reading of 1.7%. This easing inflationary pressure may provide room for the Swiss National Bank (SNB) to adjust its tight monetary policy stance.
From a technical standpoint, the recent surge in the USD/CHF pair towards the 0.8900 resistance level signals a potential retracement. This level coincides with the 61.8% Fibonacci retracement level, amplifying its significance as a potential barrier to further upside movement. Moreover, both the Stochastic indicator and RSI are indicating overbought conditions, suggesting a possible reversal in the near term.
Top-Down Analysis (The CORRECT Approach!)In this video I go through how to effectively do a top-down analysis, and avoid common mistakes.
This can apply to any type of trading methodology, but here the focus will be on ICT’s liquidity and inefficiency concepts.
This topic is important to traders who are keen on improving their win-rate and catching those higher RR trades. Whilst those things don’t define a successful trader, only consistent profitability and sound risk management do, I believe an effective top-down approach to framing trades is a worthwhile endeavor. Better trade setups give you less stress, more profits, and more freedom of time.
What is a "top-down analysis"?
It is basically doing your analysis on a higher timeframe to get in line with where you or your strategy is showing price is likely moving to, then on a lower timeframe to wait for your trade setup to form, and then either entering on that timeframe or going to an even lower timeframe for an entry signal. For example, if the weekly chart is bearish, and you see a bullish candle on the hourly chart, you may be fooled into trading in the wrong direction. For the highest probability, you need to be in sync with the higher timeframe.
My approach is split into 3 parts:
1. I have my BIAS which is built on the monthly, weekly, and daily timeframe. This helps me determine the direction I want to trade in. If my analysis is bullish, I want to look for longs, and vice versa for shorts.
2. Then I have my NARRATIVE, aka my ‘story’ of how my setup may form on a lower timeframe, usually the 1-4h timeframe. For example, I may be looking for a specific pool of liquidity to be swept at a certain time of the day.
3. Thirdly, I have my CONFIRMATION, which is usually based on the 5-15m timeframe.
I hope you found this video insightful and that it helps enhance your trading.
If you need clarification about the content, or you are still struggling with finding your groove as a trader and need personal guidance or mentorship, feel free to reach out to me via TradingView’s private message or on X (formerly known as Twitter).
Til next time, happy trading.
- R2F
USDCHF H1 | Falling to pullback supportUSD/CHF is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 0.87842
Why we like it:
There is a pullback support that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 0.87423
Why we like it:
There is a swing-low support level
Take Profit: 0.88361
Why we like it:
There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level
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 H4 | Reacting off resistance Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8819, which is an overlap resistance.
Our take profit will be at 0.8769, an overlap support level
The stop loss will be placed at 0.8859, which is an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Strifor || USDCHF-23/02/2024Preferred direction: BUY
Comment: The situation for the franc differs in many ways from other major currency pairs, and is more reminiscent of the situation for the Japanese yen . Here the franc continues to remain an outsider among the majors, not taking into account the Japanese yen . Even in the event of another short-term weakening of the US dollar , the franc is unlikely to show the same growth as its counterpart. Therefore, for this currency pair, we adhere to buy priority and highlight two long scenarios for ourselves. The target for this long trade is located at the level of 0.89032 with further growth prospects.
Thank you for like and share your views!
USD/CHF H4 | Potential bearish breakoutUSD/CHF could fall towards a potential breakout level and fall lower towards our take-profit target.
Entry: 0.87713
Why we like it:
There is a potential breakout level (price is exhibiting a potential descending triangle pattern which is typically bearish)
Stop Loss: 0.88214
Why we like it:
There is a pullback resistance level
Take Profit: 0.86755
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement level
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.