USDCHF - Forming an ascending triangle before the dropThis is in the connection for my USDCAD Post. This chart shows an ascending triangle formation however, we need to remember that that down trend wave is still in the shawdows. Combining both theories, we can say that the
price might break to its resistance then return back to lower positions. The market might be looking for positive news at the moment.
If you have comments regarding my post, feel free to contact me anytime.
Usdchfsell
USDCHF bounced from upside confirmation, potential for a further
USDCHF bounced off its upside confirmation at 0.99445 where it could potentially rise further to 1.00030.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF to climb from upside confirmation, potential bounce!
USDCHF to climb from its upside confirmation at 0.99325 where it could potentially bounce further to 0.99743.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98264 where it could potentially react off and up to 1st resistance at 0.98744.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98756 where it could potentially react off and up to 1st resistance at 0.99337.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
POTENTIAL SHORT TRADE ON USDCHFPrices retest a broken support level as resistance. Friday's candle also closed as a bearish engulfing and there is a sharp breakout of H4 CTL.
We got a pullback to the nearest resistance level to tighten our stop loss and get a good RR.
Now is the right time to short.
Safe Trading!