USD/CHF LONG [DAY TRADING - SMPLE TREND CONTINUATION PATTERN] FX:USDCHF
Day trading analysis.
Price is making higher highs. Currently price is retracing (HL leg formation). We can see there is a Gred B bullish engulfing which might be the potential HL leg point.
I'm looking for long opportunity somewhere around 0.994 - 0.995. For safest entry, always wait for CRS confirmation at 1H / m15 time frame.
SL 30 pips and TP 2 times of SL.
TRADE AT YOUR OWN RISK
Usdchfbuy
USDCHF on an upward trend Hey Guys,
After earning some good profit out of this trade,
i've decided to see whether it would break the up trend line or bounce upward.
It turns out there was a bounce back followed by a strong buy signal.
Hence, i believe that usdchf is still respecting its upward trend and i've decided to BUY on this trade.
T/P at 0.9537
S/L at 0.9410
R:R 1.7
Please don't trade more than 2% of your trade
Cheers!
USDCHF Good SellUSDCHF is showing a nice selling opportunity on the dialy time frame. It has broken a support and is now heading towards the lower range. Chances of this lower range to break are high because Stoch shows a fresh bearish cross over and on the ADX indicator you see the red line (bearish trend) is about the take over the green line! So this has a chance to be a great sell.
TP: 0.9845
TP2: 0.9760
Stop: 0.9980
Future Potential Long USDCHF Based on Daily + Weekly ChartsUSDCHF is fast approaching a Major Support Zone where on the daily timeframe we have seen price reverse many times. I am watching this pair mature now as it gets closer and I will be analysing across multiple timeframes.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.