Usdchfanalysis
⁉️ USDCHF - Market AnalysisHello traders!
⁉️This is my analysis on USDCHF.
Here we are in a bullish market structure, so I am looking only for longs. Now I expect bullish price action after the price took out sell side liquidity and rejected from bullish orderblock. As a target I have daily bearish imbalance and buy side liquidity.
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USDCHF Market Makers Stepping in to Trap Retail TradersHere USDCHF gives us 4 bullish confluences.
1. Bullish Kangaroo Tail with a huge wick
2. Kangaroo Tail wick is below support
3. EFI Bullish Divergence signified by the Rocket emoji
4. Ultra High Volume tells us the Market Makers are entering positions.
USDCHF: Buy Zone Ready ✅In my last idea, I gave you the sell forecast. Hopefully, you have been able to use the previous analysis to locate a sell.
When we hit our target we can begin to look for buys from the daily demand back up into minor supply and imbalance.
Always wait for price delivery to the demand, observe price action and more importantly rejection before you make any decisions to buy.
Good luck traders! 🔥
USD/CHF Again Above Our Support, Long Setup After Confirmation ?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
usdchf sell opportunityfirst of all, we r still on an up trend.
but this up trend ended with EQH - double top pattern
so this is a great signal for trend reversal
the only thing to sell when the trend is broken and the green demand level also
u can use the " sell stop " order below the area we referred to.
don't forget to use proper risk management
Look for buys on USDCHF from the trendline support!Greeting fellows!
Let's take a look at USDCHF. The pair fell from its May 2022 high last week. We can also see that the pair has a rising trendline support at the bottom. If the rising trendline support hold, I'd expect price to rise. I will carefully monitor price and probably look for buying opportunity on this pair with two targets in mind, 0.98046 and 1.00180.
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USDCHF – expecting bullish continuation for the week of 13 JuneThis pair has made parabolic gains since April 2022, a strong pullback in May notwithstanding. The support at 0.9560 was tested several times but held firm. This level became the base from which price launched again. Last week saw a strong dollar again and a break above the next significant level at 0.9840. IMO we are bullish again and this is my bias for the next week.
I will be looking for a small pullback to the 0.9840 region and will be monitoring price action to take a long trade. My stop will have to be below the low of Friday’s candle while targeting the next S/R area around 1.003. If this trade does work out, we have a potential 2.4R trade.
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Always use sound money and risk management and stay patient in all your trades.
The fall was quite obvious in USD/CHF, how to trade it now?Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair.
The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like
AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level.
I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag.
Here's a chart on CHF where you can see that I caught the absolute TOP
Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850.
I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens
in the support level, I would consider a buy trade with 0.98 as the TP.
USD/CHF: double top bearish pattern in sight?The Swiss franc ( USD/CHF ) rallied against the dollar in London morning trading, after the Swiss National Bank (SNB) unexpectedly raised interest rates by half a percentage point to -0.25%, shocking the market which had anticipated rates to remain unchanged.
Rising inflationary pressures prompted the SNB's unexpected rate rise, after Switzerland's inflation rate hit 2.8% year-on-year in May, the highest level since September 2008.
The SNB also stated that further rate increases are inevitable in the foreseeable future and that the franc is no longer highly valued because of recent depreciation.
On the technical front, USD/CHF fell sharply to 0.98, and a double top bearish pattern is increasingly gaining shape, which could indicate a further dip to the neckline support of 0.955. Momentum indicator, as represented by the 14-day relative strength index, tilts dangerously downward and tries to test the 50 mark.
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