USDCHF Daily: 27/02/2023: Bear market?
As you can see, the price had a bearish reaction after collecting liquidity above 0.9409.
So we can expect the price to start to decrease from here or move upward till the supply zone and then fall.
Personally, I wait for the price in the supply zone and find a low time frame confirmation and I will follow the price till the demand zone.
💡Wait for the update!
🗓️27/02/2023
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Usdchfanalysis
USDCHFUSDCHF
USDCHF Within channel - We are currently mid range
Highs: 0.93050 Break / close above expect 200 EMA to be target areas
Lows: 0.91460 Break below expect it to retest the lows .90800-500 areas
We do have important data next week US CPI and for today unemployment claims.
Trade your own plan!
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USDCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCHF .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I see price to continue the retracement and then to reject from bearish order block + institutional big figure 0.95000.
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USDCHF : Short Trade , 4hHello traders, we would like to check the USDCHF chart in the 4-hour time frame. The price has managed to break a downward channel and is now moving in an upward channel. The price has reached the key level of 0.94000 and also according to As the price has reached the ceiling of the channel, we expect a correction towards the specified targets. Good luck.
USDCHF sell Entry : 0.94073
stop : 0.94886 , Target1 : 0.93261 , Target2 : 0.92448
Risk/Reward Ratio : 2
#USDCHF-Is it the Beginning Of the Big Move??Happy Weekend Everyone, USDCHF everyone have been expecting a strong bullish momentum to continue and fills the LQ VOIDED area. However, USDCHF has not been easy to trade with specially in last four weeks, we have to take this into consideration, and enter with correct risk management!
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USDCHFIn the daily time, following the price movement between the two ranges of 1.03198 and 0.87322 is the best choice.
We are witnessing two harmonic class A and B patterns. Now, by completing the class B pattern in the range of 0.91791, we can expect a positive reaction and rise. Considering the fluctuation range between 0.90957 and 0.94330, we can see erosion and increase movements up to the range It had 0.94330.
After its failure, which is very important, we have three targets in the ranges of 0.95508/0.96638/0.97835 according to the corrective Fibo and in the intersection with important ranges of pivot points. It is necessary to touch all of them. Does not exist .
A scenario with a weak probability to break the range of 0.90957 and decrease further to the range of A and C of the previous trend can be considered to form a positive divergence and then start to climb.
USDCHF Multi-time frame analysis This is a top-down analysis on USDCHF
Monthly Chart Analysis:
On the monthly chart, we can see that USDCHF has been in a downtrend since 2001 until 2011, where it formed a bottom and has been ranging since then. The range has been established between 0.8700 and 1.0300. The price action has been oscillating within this range for over a decade now, which suggests that the market is indecisive about the direction of the pair.
Weekly Chart Analysis:
On the weekly chart, we can see that USDCHF has been trading in a range for the last 5 years, with no clear direction. The range has been well-defined between 0.9400 and 1.0200. Within this range, we can see some minor trends on lower timeframes, but they are not strong enough to break the range boundaries.
Daily Chart Analysis:
On the daily chart, we can see that USDCHF has been oscillating within a narrower range between 0.9500 and 0.9900 for the last few months. We can observe some minor trends on this timeframe, but they are not strong enough to break the range boundaries. The recent price action has been choppy, with no clear direction.
4-Hour Chart Analysis:
On the 4-hour chart, we can see some short-term trends within the range boundaries. The recent price action shows some bullish momentum as the price broke above the 0.9800 resistance level. However, the price is currently trading below the 0.9900 resistance level, which suggests that the market is still indecisive about the direction of the pair.
Conclusion:
USDCHF has been trading in a range for over a decade now, with no clear direction. Traders who are looking for a trending market may find it challenging to trade this pair. However, traders who are comfortable trading ranges can find some opportunities within the range boundaries on lower timeframes. Currently, the pair is showing some bullish momentum, but the market is still indecisive about the direction of the pair. Therefore, traders should be cautious and wait for a clear break of the range boundaries before taking any significant trading positions.
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usdchfIn the previous analysis, the expectation of the pattern in the range of 0.92521 was completed and the expectation of a decrease to the range of 0.92075, and in case of breaking the next range of 0.91607, we had the support pattern before the static of the B range, which was easily touched and gave an excellent support reaction. created
We are witnessing the completion of an N pattern. We currently have the best conditions in the range between 0.92521 and 0.91607.
Two scenarios can be expected:
1. Maintaining the support in the range of 0.92230, which can make an increase up to the range of 0.92521, the static resistance range D of the previous pattern. which is now in the role of a resistance, it will continue and in case of failure, it will grow up to 0.92953.
2. It cannot break the resistance of 0.92521 to 0.92709 and activate the reduction and ranges of 0.92075 and then 0.91607.
USDCHFThis pair has formed an descending channel with a 3 touches which means its a valid channel
so now we're waiting for a candle to close above the third and last touch to confirm the change of direction
But personally I prefer to wait for a trendline retest after breakout to enter the trade with a better entry point
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USDCHFIn the previous two analyzes, we saw that all the desired targets were touched very accurately.
Now, in dealing with a PRZ in completing the ANTI CRAB pattern and forming a negative divergence and reacting to the range of 0.92521, you can use the ranges of the previous decreasing wave. A very important range of static resistance is pattern B and between the above 2 areas.