USDCHF - FOREX - 22. JAN. 2020Welcome to our weekly trade setup ( EURGBP )!
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1 HOUR
Bullish break above previous highs
4 HOUR
Bullish pullback towards previous resistance zone
DAILY
Great short entries, prices very high at actual range.
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FOREX SETUP
SELL USDCHF
ENTRY LEVEL @ 0.97130
SL @ 0.97560
TP @ 0.96280
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
Usdchfsell
#USDCHF, We are before a serious declineThe candles are located under the Ichimoku cloud.
The candles are placed below the average moving lines 100, 200.
The USDCHF broke the support line by $ 0.9656
All signs show a continuing weakening of the USDCHF so our recommendation will be Sell.
Target: 0.9340
FURTHER SELLING POTENTIAL ON USDCHF At the moment USDCHF is sitting at critical support and is showing potential for price to retrace ( and gain bearish momentum) before making new lows. If price does indeed move bearish, we will be looking at the two levels i have marked as take profit levels. I would advise scaling out part of your position at the first take profit and allowing the rest to ride risk free.
USDCHF SHORT IDEAOverall this pair I believe still has further more downside potential. Now that we’ve rejected some key levels & broken trendline/structure, this makes my bias even stronger for sells on this pair.
After such a strong impulse move down. Let’s wait for price to retrace to the 50/61.8 fib level to get a retest of That broken trend-line before considering shorting this pair.
Or alternatively wait for price to break daily resistance level and grab a entry on the retest of that level for a bit safer entry.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98500 where it could potentially react off and up to 1st resistance at 0.99264.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF Market Outlook | Daily Forex Market BreakdownUSDCHF
rejecting psychological key level 1.000 UC is looking like a good short. I was Looking for price to push lower showing bears are in control. So now we wait for a pull back to around 1.00 and if we can reject off resistance there that will be a fantastic short trade for us. Keeping a close eye on this.