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Usdchfidea

USD/CHF: Three black crows erase head-and-shoulders bottomThe dollar-franc pair ( USD/CHF ) is recording its third straight day of losses, and is about to form a "three black crows" pattern, which is characterized by three consecutive bearish red candlesticks with lower highs and lower lows. A three black crows pattern typically indicates a bull trend reversal and a shift in trader sentiment. This pattern formation on USD/CHF also invalidates the false bullish signal that had been given by the formation of a head and shoulder bottom earlier this month. MACD also shows a bearish crossover. The last time it happened in July the pair extended the downside movement.  USD/CHF is now testing the lows of August 19 and the next support is given by the psychological level of 0.95 which also corresponds to August 18's lows. Fibonacci retracement between August 11 lows and September 6 highs has already exceeded the 50% key mark and now stands at 38.2%. Below 0.95, next supports are given by 0.9491 (23.6% Fibonacci) and 0.9372 which would then complete the retracement to July lows. Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom
USDCHF SELL Trade Update First Target HitAt the end of August I posted the likely path the USDCHF would take next at the beginning of the MONTH it rallied a little bit higher into the weekly supply zone which is standard iit has just achieved the first short term target below 0.96 it actually took out the daily demand zone so can expect a short rally up before heading back down towards the LONG term target. If you understand how to read the higher timeframe weekly and monthly charts you will always have a higher probability of trading success as this is where the major markets move happen.
Short
by TheFxAce
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