Usdchfanalysis
USDCHF | Perspective for the new weekThe identification of a reversal pattern on the 1H time frame could be a signal that awaits confirmation for a bullish continuation going into the new week.
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USDCHF | BREAKOUT IS NEARUSDCHF has been trading in bearish parallel channel, it is respecting the upper falling trendline and current price is trading near it.
As highlighted on the charts, we have minor horizontal resistance and if bulls successfully taken out we will be bullish.
Trade your levels accordingly.
USDCHF SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on this pair as we are in a clear bearish market strucutre with bearish bos and lower highs / lower lows. I will take my short entry only if price will reach the premium market are on the fibonacci somewhere around 0.93500 + bearish orderblock on h4 as i think that area should hold for a SHORT.
The retail heard is LONG on this pair and this should add more confluence to our trade
What do you think ? Comment below..
USDCHD LONGUSDCHF LONG
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If we see the support broken @ 0.93051 then the only scenario is that USDCHF going down to the support area @ 0.92650, but if the support hold the price @ 0.93051 area i expect the price to go up to and settle above resistance @ 0.93755.
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Please use small lots if you gonna trade on this idea.
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Please like, comment and share if you like my idea.
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My open position
EP 0.93004
TP 0.93880
SL 0.92504
USD/CHF BUY NOW.......
Hello 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 watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to support with a like and follow.
PLZ! LIKE COMMAND AND SUBSCRIBE
USDCHF Analysis 25/3/22 1hr Update:
Would like to showcase my best trade from this week, I know my charts are messy but I would just like to show my logic for taking this trade, it had everything I was looking for, I just had to decide where my profit target was. this grey box was around the level I started to get out of the trade. I looked at the 4h structure and you can see from the topping out formation we made bearish structure, perfect retests of the 0.79-88 fib.
once price yesterday made a retrace to the 0.79 I started looking for a short, my entry was actually on the 15 min chart and it was actually a 6 pip SL. I was close to being stopped but it held structure and continued dropping, we got stuck at the 93 level for hours and I did consider scaling in at this level but I left it.
I seen a nice profit target, the market structure on the 4h bearish and we caught a lovely 7R trade I did only use 0.5% risk but a 3.5% is a good way to end the week!