Usdchfanalysis
USDCHF top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHF: Breakout DONE! Try to SHORT this market!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
Top Down Technical Analysis:
Since the beginning of September 2022, the price has been moving following a clear rising wedge, hitting and bouncing on an important previous swing at about 1.00650.
Since then, the price consolidated in a box range of 250 pip, and recently broke the main structure and consolidation phase.
Considering the potential bias of market reversal, and enough LTF confluences in line with the overall momentum, we expect a bearish movement, targeting the next swing low at around 0.97500.
When, where and why would we step into the market?
Before entering short in this market, we will be waiting for the price to complete its corrective move after breakout, retracing more and forming a deeper structure, potentially enough for the next further down move.
A breakout and proper RR, would be our entry, considering the strong bearish momentum.
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Cybernetics Trading Lab
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose.
Probable double top in USD/CHF , time for a drop?USD/CHF has rallied strongly over the last few trading days. However, the rally has come to a
halt in the previous high at 1.0140.
There is a likelihood of a reversal if the resistance at 1.0140 holds.
So, I would urge traders to consider sell trades between 1.0100-1.0140 with a Stop loss above
the resistance level and TP at 0.99.
USD/CHF Multi-Timeframe & Order Flow AnalysisHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.