Usdchflong
USDCHF Long Symbol: USDCHF
Bias: Long
Time Frame: 4 H.
Signal Logic: The price action reveals a pretty strong pattern for an up turn. Though it may not be within a day or two. It can take a few days to reach the expected Take Profit Level. A partial close option may be a good strategy to capitalize form this lacuna. Let's see....
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
Long USDCHF 11 Oct, 2021From my daily chart, note the S/R levels (zones) at 0.9037, 0.9235 and 0.9440.
Overall trend is bullish although price action is not very clean. Price has already tested the 0.9235 region twice but failed to take off. We have not seen a daily close below 0.9235 and my bias is bullish. If you look at the H4 chart you can clearly see that this level has been very strongly defended by the bulls since late September.
I am expecting that we will see another pullback to this zone and an eventual control of this market by the bulls. If this happens, we will see some resistance in the 0.9350 region but if this is overcome, we should be able to target 0.9420 area.
If we get a convincing daily close below 0.9235, that will negate my analysis and I will continue to monitor price action to see if I can find some justification for a short or long trade.
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Always use sound money and risk management in all your trades.
USDCHF Buy the uptrend.USDCHF - Intraday - We look to Buy at 0.9221 (stop at 0.9204)
Daily signals are mildly bullish.
Trend line support is located at 0.9220.
Pivot support is at 0.9215.
We look to buy dips.
Our profit targets will be 0.9269 and 0.9279
Resistance: 0.9280 / 0.9300 / 0.9320
Support: 0.9260 / 0.9240 / 0.9220