USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98148 where it could potentially react off and up to 1st resistance at 0.98962.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Usdchfsell
Potencial Venta +100 PIPSObservamos un canal, cuyo recorrido paralelo es de aproximadamente de 300 pips.
Actualmente debe terminar de cumplir un Micro HCH con unos 20 pips. No operamos ésto, Solo mantenemos seguimiento hasta 0.98669 aproximadamente. A partir de allí, aplicamos seguimiento a la acción de precio para esperar entrada a Venta.
Entrada: 0.98669
TP1: 0.98284 +40 PIPS
TP2: 0.98084 +60 PIPS
TP3: 0.97692 +100 PIPS
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98148 where it could potentially react off and up to 1st resistance at 0.99014.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF still selli'm a bit late for publishing this trade set up. I was already in from last week, but anyway, this is still good entry for everyone. So price has to touch gap on first support downthere or even fulfill the gap.
I'm not trading gaps likely. I rather call this gambling, because banks now people are like that. Many people are trying to catch gaps as an opportunity for making profit. But for everyone who follows me, I prefer risk management, logic, traders mind, Knowing price action and follow your knowledge. Mine is Elite strategy and I do not cheat on my best strategy.
Cheers for everyone who would like to know more
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.99657 where it is could reverse down to its support at 0.98905.
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 0.98101 where it could potentially react off and up to 1st resistance at 0.98869.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
FREE ANALYSIS ON USDCHF - Plan to catch the dropFREE ANALYSIS ON USDCHF
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15 Min
Price testing the 38.20% fib retracement level. MACD also showing bearish divergence Stoch RSI is bullish at the moment.
45 Min
Stoch RSI and MACD both showing bearish divergence. Price broke out of the MA200, EMA 150 & WMA100 which signifies a bullish move. Importantly, MACD on this time frame is showing a hidden bullish divergence as per the lemon line.
3 HOUR
Price about to test 38.2% fib level. Price could test the upper values before dropping down.
OVERALL
Short term bullish move before we see this reversal. To trade i would use a trend line and catch the break down.
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