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Usdchfforecast

Possible Pullback then Down Trend for USDCHFPossible move for USDCHF. Price has recently made a big move to a local support line which usually results in a strong pullback for the immediate next bar. I believe this will be the pullback move to the trend line and then the price will continue to head downwards as you can see from my arrows. I will wait for conformation from the next candlestick and then enter the trade in 2 days when/if the 2nd candlestick comes out in my favour. Price has also moved below the 200 and 50 EMA indicating a long term short bias. Keep an eye out for updates. FX:USDCHF
Short
by Rayyan_2805
Pay off the mortgage ;p This pairing is in an interesting place at the moment because it is reaching weekly highs it hasn't seen since August 2010... 9 years, price is currently 100 pips away from this level so we could see a bullish run up to it. Another possible outcome is the 1 we have drawn on the chart, price could come back down to retest this trend line that has formed and make a new HL ( higher low ) before going up hitting this massively strong resistance before coming down and breaking through our TL, if this is the case and our TL is broken this pair could sink quicker than the Titanic. We can only see bearish movement once price does hit this level as we can see USD weakness coming very soon and a possible recession. This is a swing trade so expect this to develop over a few weeks or months so if this is not your style then don't enter, this trade works well for us as we don't have to keep checking the charts so we can just sail off into the sunset on our Yacht and not worry about a thing ( I'm joking about the yacht ;p but I do have a dinghy if that counts ) If this trade plays out by the rules you will be able to pay your mortgage off ;p
by ApexFX_Pro
USDCHF Strong Breakout Setup - Possible Buy TradeHello Everyone! Looking at the lower time frames USDCHF is making new lows and lower highs, so far price has reached mutli-sessions downtrend line where I see hidden divergence, there are possible 2 cases here, Case 1: Market may fell and makes a double bottom and then carries on testing prior highs, so in this case execute trade once it breaks the trend line. Case 2: Keeping bigger picture in mind, where momentum is positive on higher time frames, scope is there that the market may break out the trend line and visits the highs straight away, in this case wait for an expansion bar, breaking the trend line and closing above it. This is it for now, hope it helps understanding the idea. Thank you for your support. Good luck and trade safe!
Long
by UmarAbdurRehman
Entry for SellWe have here two scenarios FIRST: the price is being rejected in a relevant resistance which does not manage to break or overcome significantly since November 7, so I am looking for a rejection candle to go on sale until level 50 of the fibo that I trace, getting about 40 pips approximately. SECOND: my second scenario is the formation of a double ceiling, to wait for the price to reach the neck 0.99086 break with selling force and the price will look for the range of 0.98219. as an extra we have the RSI reaching the overbought area
by KaluWallSt