Usdchfsell
Scenario on USDCHFIn this market, according to everything, a triangle is forming that completes wave D, which is also further proven by the last formation at the top of the channel, where there is also resistance at the price level of 0.88900, where there is also the fibo 0.618 of the previous wave, which further convinces me to think about shorts, but it is not yet completely confirmed, so wait.
USDCHF: 04/04/2024Dear Traders,
I wanted to provide you with an update on the USDCHF currency pair. As you know, the DXY has been extremely bullish since the beginning of February, and this has caused the USDCHF to rally without any major corrections. This has been supported by both fundamental and technical factors.
However, we are now seeing some strong bearish behavior on the USD, and this is likely to have a significant impact on USD pairs. In particular, we have some major news coming up tomorrow that is likely to affect the USD pairs significantly.
I will keep you updated on the situation as it develops.
good luck and trade safe
#USDCHF: 500+ Pips Upcoming Bearish Move, Let not miss it! FX:USDCHF
Price has changed the character and turned bearish since last few weeks. indicating price to drop further, currently price is making small correction on daily timeframe. However, there is a strong bearish area which in our view price will be heading towards. In our opinion, if you are planning to trade on USDCHF please wait for price to complete it correction and once the behaviour changes you can enter a sell entry accordingly to your plan and analysis. Thanks.
Team Setupsfx_
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USDCHF Technical Analysis and Trade Idea 👉 🔍 In this video, we take a closer look at the USD/CHF pair, which has recently displayed bearish momentum. It has retraced significantly and is now facing a key resistance level. Based on this, I anticipate further downside potential.
However, it's important to remember that these insights are speculative and not a definitive forecast. It's essential to confirm specific price movements before making any trading decisions, as discussed in the video. The video offers an in-depth analysis of the current trend, market structure, and price dynamics. Keep in mind that this educational content aims to enhance understanding and does not guarantee results. Trading involves substantial risks, so employing sound risk management strategies is crucial. 📈🔔
USDCHF SHORT OPPORTUNITYHey everyone so im looking for a short pullback to 0.85100 as a target we had a nice 15 min shift from the h1 order block we are still trending down , plus we have 2 candle close in high resistance from the 0.85600 level , confirming the rejection of this level ( FOR NOW). We all know that equal highs are like magnet.
USD/CHF - Bearish Reversal Anticipated from Key Resistance LevelThe USD/CHF currency pair currently exhibits a Bearish Butterfly Harmonic Pattern. This pattern is significant as it is forming at a key resistance area, indicating a potential reversal in price action. The pattern's completion point, identified as Point D, aligns with a 61.8% Fibonacci retracement level, further reinforcing the likelihood of a bearish movement.
Potential Reversal Zone (PRZ):
Point D, also known as the Potential Reversal Zone (PRZ), is the critical area where we anticipate a reversal from the current uptrend. At this point, the confluence of the Bearish Butterfly Harmonic Pattern and the 61.8% Fibonacci level strengthens the probability of a significant bearish reversal.
Entry, Stop Loss, and Take Profit Levels:
To capitalize on the anticipated bearish movement, we recommend entering a short position at 0.90055. To manage risk effectively, a stop loss should be placed at 0.90175, slightly above the PRZ to allow for minor price fluctuations without triggering an early exit.
Take Profit Targets:
We have identified three take profit levels to gradually secure profits as the price moves in the anticipated bearish direction:
TP-1: 0.89935
TP-2: 0.89815
TP-3: 0.89695
These take-profit levels are strategically placed to capture gains at significant price points, providing a structured exit strategy to maximize profitability while managing risk.
Conclusion:
The formation of a Bearish Butterfly Harmonic Pattern at a key resistance area, coupled with the alignment of the 61.8% Fibonacci retracement level, suggests a high probability of a bearish reversal in the USD/CHF currency pair. By entering at 0.90055 with a stop loss at 0.90175 and targeting the specified take-profit levels, traders can effectively benefit from the expected downward movement.
Disclaimer:
This technical analysis report is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consider their risk tolerance before entering any trades.
USDCHF : Short Trade , 4hHello traders, we want to check the USDCHF chart. The uptrend line has been broken and the price is currently trending down. The price has pulled back to the specified key level and due to this, we are witnessing a drop in momentum in the hourly time frame. We expect this level to act as a resistance level and the price will fall to around 0.88500. Good luck.
USDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.91081 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.90000 psychological level and possibly testing the strength of the 0.89955 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
USD/CHF Showing Amazing Bearish P.A , Short Setup Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USD/CHF +50 Pips 0 Drawdown , New Entry Valid After D Closure !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCHF Sell idea (Reversal trade)Confluences for the sell bias
Monthly timeframe - Downtrend
Weekly timeframe - Downtrend
Daily timeframe - Uptrend
Daily and 4H bearish divergence
4H Bearish engulfing
RSI Overbought
Double top
Price below Moving average
Since we have 2/3 timeframe as downtrend we are looking for sells plus all the other confluences.
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