Usdchfprediction
USDCHF LONGI will not be taking this trade as I don't want to over trade and I'm happy with the trades I am in right now (never over trade, easy way to lose money!).
This pair could start reversing from this point but I would personally wait to see if their is a push into the 0.92900 region.
Easy charts on the eyes, simple analysis, simple set up and the best part...? a 23 pip SL!
7.3 R:R
USDCHF wyckoff accumulation or rebound?I personally think that we are currently the Wyckoff accumulation zone, and have reached the stage C
The reasons for long as follows:
1. Since 2008-03-17 oversold rsi signal, volume and price divergence.
2, August 2011, panic selling, the rate reached 0.7, but the supply has been exhausted, quickly rebounded to the rate 0.99, naturally fell back to the rate of 0.87, demand increased (the supply is almost exhausted!)
3. The rate is between 0.92-1, during the period, demand is more than supply, March 12, in the global liquidity crisis situation, the rate dump hard, followed by a rapid rebound, currently rate fell to around 0.93 again, personal think that is the second confirmation of last support
Long-term strategy
1.put long-term orders near the range bottom
2. range traders, daily traders, can also buy low sell high in 0.92-1
3, Once SOS appears with a large volume, and breakthrough of the upper edge of the range, follow the trend, open long
Let's take a look at 4 hours chart, where to buy (for daily trader)
USD/CHF Technical Analysis
The counter is currently in a triangle pattern, which shows uncertainty in the near-term.
With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement.
Hence, we expect the pair to move to the upper end of the triangle for now.
USD/CHF in a tight range| Wait for entryUSD/CHF in stuck in a tight range between 0.9530 and 0.9470. The best entry will be available when this range breaks.
If USD/CHF breaks down below 0.9470 then we can sell and target 0.9370.
However, if USD/CHF breaks 0.9530 and goes upwards, then buy entries may be possible.
USDCHF LONGI anticipate that price will bounce off the short upwards trendline on the daily chart.
The US Dollar Currency Index shows a strong inclination to support USDCHF long prediction as it's also moving in quite a similar direction.
Entered trade at 0.93870
A risk-reward ratio of 1:7.89
SL: 0.93540 (-49.1 pip risk)
TP: 0.95326
TP2: 0.96708
TP3: 0.97905
It should be an interesting pair for the next week or so. Swing trade all the way.
SELLING OPPORTUNITY ON USDCHF USDCHF is currently showing potential for further bearish momentum. i will be looking for price to find support around where it is currently trading to then move bullish to create an opportunity for entry. Entry , stoploss and take profit levels have been marked.
Do no risk more than 2%
USDCHF buy for 80 pipsWe have witnessed some downside movement on this pair and just printed a reversal candle at a major level and hence we anticipating a trend reversal. I'm expecting CHF to weaken over the comning weeks and that should also help the cause.
I have gone long on this and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
USDCHFTime = 4H
– Structure = Downtrend
– Pattern = Asymmetric Triangle
– Tendency = Downtrend
We're expecting some pullbacks for more confirmations.
Only Sell if the Price breaks below the Sell Stop.
GOOD LUCK
-----------------------
Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
Swiss Franc - Very nice SETUP for SHORT TradesHi traders,
another interesting situation came up on USDCHF this time!
I am expecting some short movement in following days, take a look at my analysis in video and let me know what do you think about this market.
I wish you good trading!
John
FINEIGHT Team