USDCHF Analysis and Trade Idea... a long-to-short!USDCHF has entered a demand zone, and may potentially reverse here, as it returns to impulse.
USD is weak against CHF, so I do expect further declines in the upcoming week, at least for the short term.
There is a day trade for a long position to the bearish OB above.... then a more significant swing trade to the downside from there.
Usdchfidea
#USDCHF SELLING OPPORTUNITYAs you can see price in 4H time frame not only creating LL and LH but also we can see a Head & Shoulder chart pattern in this time frame. which suggest price could possibly have more downside move.
As you can see price has retraced to H&S pattern neck line and also created a false breakout of the neckline in 1H time frame but rejected immediately which showing us both selling pressure.
now in case of trading first we need to see price created a 1H bearish engulfing candle, then we need to see that bullish structure in lower time frame such as 30M and 15M shift to bearish. If this conditions appear in the market then any bullish corrective move in lower time frame could be our trigger to sell this pair.
Also we can see bearish divergence in 1H time frame which is another confluence to our trading idea.
1st target: 0.92000
2nd target: 0.91500
stop loss could be set around 0.92760
notice: only trade with your strategy and this is just a trading idea which should be inline with your trading strategy incase of trading.
USDCHF MONTHLY RISING WEDGE USDxxx (CHF,CAD,JPY) have always been in a down trend which mainly means DXY is doing the same and if you know when to enter it could be very profitable.
Clearly a BEARISH TREND on Monthly,
Weekly the market shows a breakout of the YEARLY BEARISH TREND RESISTANCE LINE but never broke above the previous LOWER HIGH to confirm a trend reversal.
After the trend breakout we see a 6 YEAR CONSOLIDATION! Just bouncing 800+ pips from support to resistance.
As of JULY 2020 the market BROKE OUT the yearly consolidation and is now RETESTING around .9400
Im expecting continuation of trend to the downside
watchout for sell setups and just fib
TP1 .7200
TP2 .6000
USDCHF , Did you get that profit ?Hello everyone
This the update of the previous analysis
Becareful , in first target save your profit and risk free them
And if it can break the zone the you can take position if you dont get any position , you can take position after break and pull back the first target
Previous analysis :
Dont forget use stop loss up the first target zone and attention to money management
Good Luck
Abtin
USDCHF , Are you ready for sell ????Hello everyone
According to the chart , we are in downward trend and we need pullback and rest the price the come to our sell zone then we can take short position , we have 2 zone for selling and if you take any position in any zone you can put your stop loss like our shown on chart
Dont forget use stop loss and attention to money management
Please at first check the chart in multi time frame and take signal then take position and sell
( Signal : hammer , ascending cover , descending cover , pattern price or ... )
Good Luck
Abtin
USDCHF , We predicted two possible market movementsHello everybody
We hope everyone had nice week with profit
According to these analysis of USDCHF , in daily time frame we analysed that the trend is downward and we need that the price come to resistance and sell zone then we can take short position , in here we shown that we have a breakwave and we need pullback of the price then we can take short position , but in this chart we predicted two movement of market can do , in here the price is upper of the support zone area and in here we price is supported and can rise until the resistance area ( The market in this time frame is downward and only we sell but we can take some tolerance from the market in pullback movement )
After pullback done in next week or later we are updating the chart for sell ( short ) position untl the target
But in here we shown 2 position and where we should buy and sell the position and Tp and SL
Please check the chart in multi-time frame and at first take signal then take position
( Signal : hammer , ascending cover , descending cover , ... )
Daily time frame chart :
The point is the analysis is valid
Be with us and sleep comfortably
Good Luck
Abtin
USD/CHF SELL IDEAHey tradomaniacs,
USD/CHF:Daytrade-Preparation
Market-Sell: 0.92680
Stop-Loss: 0.92725
Point of Risk-Reduction: 0.92625
Take-Profit: 0.92455
Stop-Loss: 4,5 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USDCHF Roadmap**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 as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
USDCHF , We should wait until ...Hello everyone
I hope everybody have nice week
In here in daily time frame after rally drop price we are in pullback and we have heavy resistance zone that shown on chart ( red zone )
in there we should take signal in lower time frame ( signal : hammer or descending cover or ... ) and we can get position too after getting reverse pattern like head and shoulders and please please check the chart in multi-time frame .
We update the chart in future after the signal shown on chart but everyone be careful and attention to this area
Did you exercise and watch this pattern in other charts ??
Good Luck
Abtin
USDCHF Order Block SellPrice is currently testing the 0.93000 level and previous Order block
I will be looking to go short provided:
Evening star formation or any other bearish candlestick patterns
Rejection at level 0.93000
Rejection at order block
Long Wick rejection of previous high
Break of counter-trendline
Weakness of USD on the DXY (Rejection of resistance)
USDCHF SETUPUSD/CHF continues to trade within an ascending channel. Intraday bias is bullish and as long as 0.9214 support holds, the further upside can be witnessed. A break of 0.9360 will solidify the upside bias and we can see it move to the resistance at 0.9470. However, a break of 0.9214 will drag the pair down to the support level of 0.9000