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Usdchflong

The fall was quite obvious in USD/CHF, how to trade it now?Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair. The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level. I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag. Here's a chart on CHF where you can see that I caught the absolute TOP Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850. I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens in the support level, I would consider a buy trade with 0.98 as the TP.
by KaltoireCapital
5
USD/CHF -- BUY LEVEL IDEAS / ANALYSISUSD/CHF is a recommended BUY - Current price is in a short term uptrend and looks to be in a pullback phase. During a pullback in a uptrend this is a golden opportunity for late buyers to get in and open a long(buy) position. Below I have pullback levels I would enter a trade in different trading styles: Overlays - Short term uptrend line — 0.98000 - Fibonacci Level 61.8% — 0.97694 - Fibonacci Level 50% — 0.97297 - MA30 level — 0.98025 - MA60 level — 0.97587 Sub indicators - Stoch RSI (is in overbought territory, sloping downward and preparing to cross confirming the pullback in price - Chaikin Money Flow (indicators the current uptrend is still strong *if levels stay above mid-point* —
Long
by charrison4300
4
USDCHF Long USDCHF has broken the minor descending channel range and then rebounding harder from the retest area of the channel on the H1, Lastly, the pair bounced from the minor support level on the H4 time frame. USDCHF fell 5000 points from last 2 weeks, we can expect correction now. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa