Get started

Usdchfidea

USD/CHF bulls fail at the previous high, time for a correction?USD/CHF bulls have failed to break the previous high near the 0.9875 level. We have a bearish candlestick formation at this level as shown in my chart. So, if the bulls fail to break the resistance level that I have highlighted in my chart, there is a chance for a correction in USD/CHF. Potential sellers can consider selling at the 0.9840-0.9875 level and depending on how the trade develops, TP can be set at 0.9630 level.
Short
by YourLazyTrader
6
SELL USDCHF??????We are now approaching a Weekly supply/sell zone starting at 0.975 where we had a huge sell off before. This is the first test/touch of this zone and given it has only taken 2 weeks to get back to this level from the last low we are highly likey to get a SELL off from here again. As you can see in the image above we have a small Daily SUPPLY/SELL zone between 0.975 -0.979 this is a good short SELL trade to target the 0.965 - 0.958 if this happens price may bounce back up well into the weekly zone then selling off heavily creating a new weekly low. I will look for short signals above 0.975 with a stop loss above 0.98 and profit target around 0.96 and long term SELL position will start positioning into a BIG position inside the zone to target a the long term weekly target starting at 0.93 this is the weekly zone were price took off from this year to cause the Yearly high we will go back down here. (SEE IMAGE BELOW) Hope you enjoyed this breakdown
Short
by TheFxAce
2
USDCHF long opportunityThere is a strong supply level around the entry setup. Another touch to the level might be a great chance to a good profit! reasonable responses to the dynamic support is another reason to improving the LONG idea. The level is valid until it's over SMA400 (Red line). ATTENTION: According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
Long
by AliSignals
USD/CHF uptrend could face some resistance at this levelUSD/CHF is in a continuous uptrend for the last few days. However, price is reaching a key level where it could face some rejection. 0.9640 is an important level for both the bulls and bears. But, there is a likelihood of a price rejection at this level. My recommendation for traders is to wait for some bearish candlestick formation in this level. If bearish candlestick formation takes place, selling USDCHF@0.9640-0.9660 with SL above 0.97 and TP at 0.95 would be potential sell trade.
by YourLazyTrader
1