USDCHF LONG IDEA - 300pips RALLY!USDCHF is currently pulling back and gearing up for the next IMPULSE leg of about 300pips. With DXY Breakout on Friday makes this trade setup a HIGH PROBABILITY SETUP.
ENTRY (Confirmed Entry, Good Reward) -: Go LONG on USDCHF when it get close or touch the BASELINE.
INVALIDATION
If price 'CLOSES' below the SL provided by the SUITE INDICATORS, exit all SHORT.
TARGETS
USDCHF target here is at 800ema on H4 or 200ema on D1
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
Usdchfanalysis
DeGRAM | USDCHF fakey settupUSDCHF is trading in the descending channel. The market made shallow lower lows.
The market created a consolidation zone at the support level following a bearish move.
We expect a breakout of the channel and a retest of the psychological level.
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USDCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts from premium zone. My point of interest if price took buy stop liquidity and reject from bearish order block.
Fundamental analysis: Next week we have news on USD, on Wednesday will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results.
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USD/CHF Faces Further Downside it Approach 0.8900 Amid Weak DXYThe USD/CHF pair is expected to extend its weakness towards 0.8900 amid weak appeal for the USD Index as a safe-haven.
Investors are dumping US equities amid uncertainty over the interest rate policy of the Federal Reserve.
Moreover, the market mood is quite risk averse as a raise in the debt ceiling will impact the long-term outlook of the US economy.
TRADE IDEA DETAILS:
CURRENCY PAIR: #USDCHF
CURRENT TREND: ↘️Bearish
TRADE SIGNAL: ↘️Sell
👉ENTRY PRICE: Below 0.8910
✅TAKE PROFIT: 0.8850, 0.8800, 0.8755
❌STOP LOSS: Above 0.8950
#USDCHF #SwissFranc #Forex #Trading #CurrencyPair
USDCHF Possible rise to resistance levelCurrency Pair : USDCHF
Possible direction : Bullish
Technical Analysis : After strong bearish monthly close USDCHF has come to long term monthly support and price started to revise for a pullback. As weekly and daily market is over extended to the downside, it is highly likely price require liquidity to move further down, therefore, high probability price will continue to rise to the monthly resistance level.
Possible trade recommendation : Bullish as per chart sketch
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DeGRAM | USDCHF at psychological levelUSDCHF is trading in an ascending channel.
The market is moving to a strong resistance level, which is a psychological level as well: 0.9000.
Price was rejected by the level before, and it is likely to pullback from this level again.
We expect short-term pullback.
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USD CHFBased on the analysis, the USD/CHF has formed a double top pattern, indicating that that it is likely to reverse its trend. Additionally, there is a divergence pattern visible on the Relative Strength Index (RSI), which further confirms the potential for a reversal.
The neck line break will further confirm the potential new downward trend, at which point we can consider shorting the pair.
The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair upon the break of neck line.
USDCHF - H4 CHART @ DESCENDING TRENDLINEFX:USDCHF PRICE ON 4H BROKE OUR DESCENDING TRENDLINE AND HAS THE POTENTIAL TO CONTINUE MOVING HIGHER CAUSE IT FAILED TO BREAK THE SWING LOW.
We can see price had made a pullback straight down to the demand and made a valid bullish, must wait for a strong reversal with high candle
NOTE,. YALL MUST KEEP IN MIND THAT WITHIN THIS WEEK WE HAVE MUCH TO BE AWARE OFF, SO MANAGE YA RISK
1. JOLTs Job openings
2. FOMC STATEMENT
3. NFP s
TAKE CARE
AND HAVE A GREAT WEEK AHEAD.
YALL ARE WELCOME FOR MORE IDEAS AND ANALYSIS.
USD/CHF Running In 200 Pips 0 Drawdown , In Less Than 24 Hours !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.