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Usdchflongsetup

Pattern analysis on USD/CHF 4H chartUSD/CHF or the Swissie as most people refer to, has an interesting falling wedge formation as shown on the chart presented. The falling wedge breakout is a chart pattern that works out really well for me on this pair specially on time frames above 1 hour. Another interesting confluence to this chart is an awesome oscillator divergence, which is rarely seen but it adds a strong confluence to our analysis. A divergence between the oscillator indicates that the price is making lower move, but with a relatively less momentum as compared to the downward move it made earlier. This complements the falling wedge chart pattern as both of them indicate a bearish trend that is losing its strength. An ideal long entry at this pair can be made at the first retest after the price breaks the falling wedge pattern. I have approximated a potential move of 38 pips above the entry as we can see a strong supply zone in that area where sell orders are expected to be triggered. Another confluence to our analysis can be the strong fundamentals of the US economy with an excellent performance of the US stock market, a moderate rate of inflation and finally the extraordinary unemployment release we got earlier. Therefore, I believe that this trade is worth a shot. However, since we are going against the trade this time, I would make sure to minimize my risk by reducing the lot size here. Further opinions are highly welcomed on the comment section below. Happy trading!
Long
by Sudan_Aryal
Elliot Wave: USDCHF Set Up To Retrace 50% of The DeclineUSDCHF is setting up for a retracement after 250+ pips sell-off from the major high. See related ideas to see how we took advantage of the decline. Price has broken out the decline descending trendline in an impulsive move in wave "a" and about to complete a regular flat in wave "b". Price is expected to head higher from or near the current level, And it will most likely retest the broken ascending trendline that lined up with 50% Fibonacci retracement of the decline.
Long
by Veejahbee
2
USD/CHF: Daytrade-OPPORTUNITY#BUYHey tradomaniacs, welcome to another free signal of Week 43 Nr. 2 How to trade: Wait for the break above the horizontal Resistance. After retest and rejection you can buy! ----------------------------- Type: Daytrade Market Buy: 0,98810 Stop-Loss: 0,98577 Target 1: 0,99069 Target 2: 0,99182 Target 3: 0,99321 Stop-Loss: 23,3 pips Risk: 1-2% ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
USDCHF potential reversal! USDCHF expected to rise up to 1st resistance at 0.98780 where it could potentially react off and drop down to 1st support at 0.980 01. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
USDCHF approaching support, potential for a bounce! USDCHF is expected to drop to 1st support at 0.98185 where it could potentially react off and up to 1st resistance at 0.98876. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
USD/CHF: Swingtrade-Opportunity! This is a PULLBACKTRADEHey tradomaniacs, welcome to another free signal! Important: CHF is as always acting as a safe haven! Look at the stock-market and watch the correlation! YOu should get rid of your risk @ Target 1! ----------------------------- Type: Swingtrade Buy-Limit: 1.00566 Stop-Loss: 1.00332 Target 1: 1.00665 Target 2: 1.00782 Targt 3: 1.00898 ----------------------------- LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
4