USD/CHF SELL SIGNALHey tradomaniacs,
welcome to another free signal!
Important: Wait for the breakout of the current trendchannel and sell the retest after rejection.
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Type: Daytrade
Market Sell: 0,94500
Stop-Loss: 0,95275
Target 1: 0,93800
Target 2: 0,93240
Target 3: 0,92440
Stop-Loss: 77.5 pips
Risk: 1-2%
Risk-Reward: 2,5
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Peace and good trades
Irasor
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Usdchfsell
USDCHF#2--->Hold sell from usdchf#1:Good day dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair long and stubbornly did not want to give up and continued to go up until it met resistance in the zone of 0.9840-0.9845. Which, nevertheless, was able to deploy the asset to the south and by the close of the week the pair lost about 39 points (0.39%).
It seems that the story of the #coronavirus will not go away as easily as the main central banks of the world calculated, it will not be possible to fill it with money. And of course, as soon as market participants accepted this fact, protective assets began to be in sharp demand, and #franc was one of such assets.
#Technical analysis:
Globally (D1):
February helped #usdchf form an uplink, which is currently being tested for strength. It is imperative to understand whether it can withstand the pressure of sales in global stock markets. To do this, traders need to monitor the 0.9720 zone and how the pair will be redeemed from 0.9710 (61.8% Fibonacci). In the case of consolidation below 0.9710, we can see the next target at 0.9680.
Locally (H1-H4):
Locally, a fully formed downtrend of February 21 is observed. Yesterday, the currency pair came out of the triangle, which strengthened the position of the bears.
However, they came close to the price range, in which there were a lot of support zones, potential demand, and it was they who would decide whether usdchf would keep the global upward movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9752, 0.9722 and 0.9675;
B) Resistance: 0.9830, 0.9877 and 0.9907;
#Orders_and_position:
We continue to hold a previously open position sale from 0.9816 with #takeprofit: 0.9720 (We reserve the right to keep take_profit below) and #stoploss: 0.9864.
This position will be transferred to breakeven.
We will refrain from opening new positions.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
USDCHF: Sell Trade SetupThanks for Taking Interested in my Trading Idea.
USDCHF: Sell Trade Setup
According Price action rejection market need to flow down side.
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Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
USDCHF#1--->Sell Again:Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Usdchf:
* Commentary last week:
The currency pair continued its smooth growth, which began on February 1. This week the pair rose by 19 points (or 0.19%). Our previous recommendation caused a loss, as an even more aggravated fall in the euro pushed the dollar / franc to a new maximum.
* Technical comment:
The pair continues to be in the upward channel from February 4 and the channel continues to expand, however, the current oversold condition, the presence of divergence, suggests that a correction should occur in the near future.
R - coefficient also decreases, demonstrating the complexity of further growth.
Support and resistance levels for the current week:
- Resistances: 0.9848 and 0.9875
- Supports: 0.9766 and 0.9713
* Orders and positions:
Our valuation system continues to consider the currency pair overbought and sales from current levels becoming even more interesting in view of the presence of divergence on a 4-hour time frame.
Thus, the potential deal this week for the dollar / franc is as follows: selling from current values with #stoploss 0.9864 and #takeprofit 0.9720
(! Attention, these are preliminary price levels and we reserve the right to change them in our trading).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
USDCHF shortMaybe I jumped in a little early, bu I only took half size position as I used to. RR is okay, and I think we have a good chance to retest the lows and making new records. Also we are very near to a historical congestion zone on the monthly chart. If you check the price level 0.9603 we can see that from that area below many times price has tested those levels. It might just happen again.
Cheers everyone, and happy monday! :)
USDCHF - FOREX - 27. JAN. 2020Welcome to our weekly trade setup ( USDCHF )!
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1 HOUR
Bearish market at its resistance
4 HOUR
We should see a bearish drop shortly
DAILY
Overall sellers trend with a pullback, good short entries!
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FOREX SETUP
SELL USDCHF
ENTRY LEVEL @ 0.97130
SL @ 0.97350
TP @ 0.96690
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN