USDCHF long trade roadmapthis setup quite identical with USDJPY (link attached below!). currently we are seeing price approaching weekly demand zone with strong bearish momentum and we have room to go up for 280 pips!, don't catch the falling knife, we need to wait for price deceleration before placing any buy order. be patient!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Usdchfforecast
USDCHF Long! Price-Action idea guide on DailyKeep in mind, Price is currently trading below a Weekly trend-line not included on charts.
Price is also inside Two Eclipsed Buy-Zones-- with corresponding upside targets.
Check comments section for future updates on all ideas.
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UCHF jumped from the trendline and can make a 300 pip jump.USDCHF is at the 0.95 support level and is currently holding it. the candles touched the descending trendline and made a small pullback.
the expectation is that die positive US numbers will push the dollar up. we can see an upside movement till the 0.98 zones.
USDCHF shortMaybe I jumped in a little early, bu I only took half size position as I used to. RR is okay, and I think we have a good chance to retest the lows and making new records. Also we are very near to a historical congestion zone on the monthly chart. If you check the price level 0.9603 we can see that from that area below many times price has tested those levels. It might just happen again.
Cheers everyone, and happy monday! :)
#USDCHF, We are before a serious declineThe candles are located under the Ichimoku cloud.
The candles are placed below the average moving lines 100, 200.
The USDCHF broke the support line by $ 0.9656
All signs show a continuing weakening of the USDCHF so our recommendation will be Sell.
Target: 0.9340
#USDCHF, Ideal time to buyThe USDCHF stopped exactly at the support line at 0.965 and the declines were stopped.
The USDCHF is on the rise.
The RSI has dropped to the 33-point area that it points to Oversold, and 2 times before the indicator has dropped to this area, the USDCHF has averaged 400 pips
Target: 0.9820
USDCHF forecast on H5, potential double bottom formation!!Plan : trendline breakout --> wait for prices to bounce off trendline support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCHF forecast on H5Note : wait for prices to bounce off horizontal key level support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
USDCHF BUY SETUP usdchf price make a 3rd touch of the lower side of a diagonal pattern. Price is about to strat an upside move.
_________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
_________________________________________________________________________________________________________________________________________
Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
USDCHF SHORT IDEAOverall this pair I believe still has further more downside potential. Now that we’ve rejected some key levels & broken trendline/structure, this makes my bias even stronger for sells on this pair.
After such a strong impulse move down. Let’s wait for price to retrace to the 50/61.8 fib level to get a retest of That broken trend-line before considering shorting this pair.
Or alternatively wait for price to break daily resistance level and grab a entry on the retest of that level for a bit safer entry.
USDCHF sell on H5 trade update !!Note : if you followed my previous analysis you would have profited now (link below), make sure you use SL breakeven when your profit reaches +1R ;) enjoy
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX