USDCHF | Perspective for the new weekIn my last publication on this pair, I projected that the Bearish run that began in November 2020 has found a bottom and a reversal is at the corner (see link below for reference purposes), but unfortunately, it didn't go as expected as it took price exactly 30days to complete an Inverse H and S pattern (Reversal Pattern) with clues of how to hop in the rally.
As USDCHF cap below Fr0.89200, a break above this zone in the coming week would complete a “Head and Shoulders” triggering corrective recovery above Fr0.89400 for a rally.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern (Inverse H & S) | Supply & Demand
Observation: i. Inverse H& S: Bearish Leg that began Nov. 2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89200); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder.
ii. The Reversal pattern explained above supports a Breakout of the Neckline zone @ FR0.89400 in the coming weeks.
iii. For the cautious, a successful Breakout followed by a Retest of this zone might be a signal to hop into the rally.
iv. Please note that this is a counter-trend opportunity which might lead into a corrective phase of the obvious Downtrend.
Trading plan: BUY confirmation with a minimum potential profit of 180 pips.
Risk/Reward : 1:3
Potential Duration: 4 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Usdchfoutlook
USDCHF SWING TRADE 14-OCT-2020USDCHF-Technical analysis
USDCHF got some minor rejection around 0.91000 key psychological level and bounced towards 0.91500 which is a .50 Fibonacci retracement level and at this supply zone
the price was consolidated and then felled towards 0.91150 price action level which is acting as decent support coordinates with .382 Fibonacci level. The price will
bounce from this level and the swing target would be 0.92000 which is a key psychological level
SWING TRADE-USDCHF
Entry point @ 0.91200
Take profit @ 0.92000
Stop lose @ 0.90750
80 Pips target R:R 1:2
Don't risk more than 1% of your capital
USDCHF D1 #Outlook 21 to 25 September #Outlook 21 to 25 September
Dear Traders Today We Have an Analysis Of USDCHF D1. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That After The Long Sell Moment Market Running In Sideways ↔️ Trend Resistance @0.92016 & We Have Tow Supports Level 1st is miner Support @0.90512 & 2nd is Good Support @0.89977.
If Market Break Resistance Then It is Good position For Buyers But If Market Break Support Then position For Seller
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9622. The pair is consolidating in the resistance and support wedges. If it breaks the resistance level at 0.9730, the pair may start a new up trend and its target price will be at 0.9791. If it breaks the support level at 0.9613, the pair may enter into a down trend and its target price will be at 0.9553.
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Rishikesh Lilawat
USDCHFDollar against the Swiss Frank is currently on a strong support level, it may bounce to be a long or it may break the support and go on a short, in anyways, I posted this just to let other traders know that they should put on eye where chf goes next week, probably we may consider a trading pair for next week.
Hope everyone had nice profitable week and wish all is well with you guys.
Have a nice weekend.
USDCHF SellAs market fast approaches this resistance level,if market decides to take a tumble down again, then we will find support at the 2 TP levels identified on the chart, which isn't necessary where the market will end but where i will TP for now.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
USDCHF TRADE IDEAUSDCHF lose some power and it closed pretty bearish. I'll be looking to go short here, as I know that bearish pin bars after that kind of strong bullish closes are more like a "trap", but risk/reward ratio is not bad, and I'll take it with smaller risk.
My trade idea here is:
USDCHF SELL BELOW 0.9920
SL 1.0000 (-80 pips)
TP 0.9800 (+120 pips, Key zone)
TP2 0.9550 (+370 pips, only if price break below the trend line)
USDHCF BUY ABOVE 1.0000
SL 0.9925 (-75 pips)
TP 1.0110 (+110 pips)
USDCHF H4 Key AreaThe price is sitting within a very important area containing the monthly support / resistance and also a powerful demand / supply zone. At the moment it is pushing to break the monthly pivot along with the 78.60% fib level, I will not be entering until there is a clear break of this blue zone and a show of power to the upside. Possibly then heading back to the 0.98331 resistance price.
USDCHF H4 *Short Opportunity*We've got this pair currently rejecting 23.60 Fib level but I believe it will push through this. USDJPY is moving in the same direction and these pairs like to move together, I will be shorting this down to 0.98364 support area. Could see a retrace back to the same fib level but have some US news coming up later where the outlook looks negative, so may not want to retrace and straight fall.