USDCHF Market Structure AnalysisIf it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
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Usdchfprediction
USDCHF Market Structure AnalysisIf it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Have a great day everyone!
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.97430 where it is could reverse down to its support at 0.96638.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF New Defined Range for Trade OpportunitiesUSDCHF H4 Timeframe
Last week we had a beautiful move to the upside and the possibility to gain over 120 pips
We have created a new defined range on the H4 timeframe
If price doesn't break the range, look for opportunities on lower timeframes to gain within the defined ranges sell and buy zones.
New defined range: 0.96535 - 0.978994
See the video and detailed post for targets at SlickTrade.net
USD/CHF AnlysisHypothetical scenario - Sell Limit (11/05 - 15/05):
(1) Entry @ 0.97850 (Sell Limit)
(2) Stop Loss @ 1.38360 | 35 pips
(3) Target @ 0.97150 | 70 pips
(4) R:R = 1:2
Hypothetical scenario - Buy Limit (11/05 - 15/05):
(1) Entry @ 0.96000 (Buy Limit)
(2) Stop Loss @ 0.95700 | 30 pips
(3) Target @ 0.96600 |60 pips
(4) R:R = 1:2
LAST PREDICTION IN PROGRESS 50/100 PIPsHope, you followed my idea. You would have already earned 50 PIPs.
USDCHF potential bounce!
USDCHF expected to reverse up to 1st support at 0.96566 where it could potentially react and bounce to its resistance at 1st resistance at 0.97840
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF setting up for a SHORT trade at RESISTANCEUSDCHF has pushed through WR1 RESISTANCE and is now headed towards strong resistance at .9792 area. I've placed a SELL LIMIT order at .9792 with a STOP just above at .9813. Looks a decent set-up for a 21 pip risk as USDCHF has failed to break this area since mid-March and even then the BULLS relented after failing to push higher. Average daily range on this pair is 78 so we're unlikely to reach these levels today but tomorrow will see if the BULLS can continue their advance if we don't get SELLERS entering the market before that. ADP Non-Farm Employment Change up at 13:15 GMT so that my play a large part in determining USD's direction for a while.
USD/CHF Short PositionHypothetical scenario:
(1) Entry @ 0.97850 (Sell Limit)
(2) Stop Loss @ 0.98150 | 30 pips
(3) Target @ 0.97200 | 65 pips
(4) R:R = 1:2
USDCHF Will we see continuation or consolidation?USDCHF Will we see continuation, consolidation within the defined range, or change in trend direction? Only time will tell.
Potential targets for both long and short, 1:1 and better.
If price doesn't break the range, look for opportunities on lower timeframes to gain within the defined range.
Learn more at SlickTrade.net
USDCHF, More opportunity to SELLUSDCHF, expecting a little retracement to retest the trend line before we continue to sell.
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BUY FROM THE DEEP USDCHFUSD/CHF is still correcting within the ascending tendency.
Market Will Pullback From Support Zone 0.95870
TO Resistance zone 0.97180
If Not then
The Next Major Support Zone 0.95100
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USD/CHF Long PositionHypothetical scenario:
(1) Entry @ 0.95965 (Buy Limit)
(2) Stop Loss @ 0.95715 | 25 pips
(3) Target @ 0.96465 | 50 pips
(4) R:R = 1:2
USDCHF Continuation of the down Trend USDCHF on the weekly time fame formed a bearish pin bar and at the same time an outside bar candlestick combination amidst a down trend. as well as the bearish pin bar testing the 200 period moving average it also acting like a resistance. on top of that its at a level of the previous lower low hence a level of value. not forgetting that the pair is in a range on the monthly time frame finding its way down to the support level of the range.
USDCHF reversed from resistance, potential drop!
USDCHF reversed off its resistance at 0.97750 where it could potentially drop further to 0.96698.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SELL USD/CHF @ MARKET .9758USDCHF has made steady progress north for the last 24 hours but has now hit the top of the existing channel. With RSI readings becoming stretched, the signs are that this channel may hold the price and we'll see a move south. USD/JPY has sold off steadily for the last 2 hours and possibly USD/CHF will try and catch up. I'm in at .9759 with a STOP above the channel at .9780 and a TAKE PROFIT at .9700. As ever I'll lock in a break even trade if we drop 25 pips.
