Usdchfsell
USDCHF, WILL THE BEARS RUN?Hello traders, today we bring you an analysis of the USDCHF, we are expecting a drop, however we do not have the needed requirements to open a position yet.
We recommend you to wait for a break of the trendline or a touch in our resistance level followed by a reversal candle (closure), you can also look for entrys at the 15MIN and 1H timeframe!
Best of lucks,
GlobalYouthTrading
USDCHF Long term sellThe downside has started. I've waiting for this one a while, as the where it stands right now the pattern could be complete and the fall will be HUGE. However, there is still a possibility for one more up. Nonetheless, I will ignore ALL buys, and focus only in sells until structure changes. So far, only sells.
USDCHF Rising Wdges Structure - Opportunity for ShortUSDCHF Rising Wdges Structure - Opportunity for Short
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As look in the chart, I bias for Sell in this pattern,
Please use small lots and stop lost.
Come join my telegram and get free signal.
--> t.me/kelasforex
Thank you.
USDCHF - PULLBACK - 23. APR. 2019WELCOME TO DACAPITAL-TRADING!
USDCHF FOREX BREAKDOWN 23 APRIL 2019
1 HOUR
Explosive bullish price action over a few weeks reaching its final peak and spike high!
4 HOUR
Expecting market to drop now its way overbought and too many long positions loaded in.
DAILY
Sellers been taken out and market searching for resistance to turn!
PULLBACK SETUP
SELL USDCHF
ENTRY @ 1.01790
SL @ 1.02580
TP @ 1.00880
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
U.S. Dollar / Swiss Franc USDCHF to SELLMarket about to change trend and start selling.
RSI signalling overbought at 74 reading.
Get on sell and ride it out.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes.
USDCHF SellAs market fast approaches this resistance level,if market decides to take a tumble down again, then we will find support at the 2 TP levels identified on the chart, which isn't necessary where the market will end but where i will TP for now.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
USDCHF Sell - Ending 3 Consecutive Days of RetracementUSDCHF has stubbornly climbed for the past 3 consecutive days.
Yesterday has however shown that price has met with strong resistance within the supply zone.
It is important to note that the price is considered to be very high as it is getting very close to a 27-month supply zone.
It is also obvious that the buying strength is not particularly strong as compared to the previous downtrend.
Therefore, today which is also the last trading day of the week, there's a high possibility that institutional traders will begin the process of distribution.
In conclusion, whether is it the technical patterns or the consideration of supply and demand, the price is most likely to proceed into a bearish trend.
USDCHF Sell - Supply Zone at 618 LevelUSDCHF diverges from the dollar during the euro session and continues to climb within a rising wedge when the dollar starts to fall again.
If we compare both dollar and USDCHF in the D1 chart, we will see that both are trading within an ascending triangle and that sellers are more in control then the buyers.
The dollar has already started to fall while USDCHF is seen completing its retracement and will soon reach a key supply zone at 618 level.
Wait for the price to pierce through the top of the rising wedge and look for strong signs of sellers.
Too SimpleDuring the last week of trading price has been declining in conjunction with RSI dropping below 55. Wait for the crossover and give it a go. Too simple.
USDCHF sell reversal patternAs i published idea to buy EURUSD and USDCHF and EURUSD have big negative correlation - so I sell USDCHF and recommend to to this to all my clients.
Why?
USDCHF has sell level at 1.0042 and price is placed at the high of very big daily range started from October 2010.
So i try catch profit to sell USDCHF at 1.0035 SL - 1.0072 and TP - 0.9900
Risk Reward Ratio - near 3.39
So its good deal :)
USDCHF sellUSDCHF has approached daily resistance level that has not been broken for a while now. Goal is to short with a stop loss above the resistance zone and TP at the next previous support level
