Usdchfsetup
USDCHF DOWNTREND CONFIRMATION (Updated idea)USDCHF has broken out from the trend line and heading for the 50 to 38.2 retracement zone.
Waiting for a pullback after the retacement to join the trend
USDCHF is Approaching a Level That Should Scare the BullsThe rally from wave c of Y low on 16th Jan 2020 has been unfolding as a double zigzag corrective wave. Corrective structure moves in the opposite direction of the major trend, that's once the wave y of X is completed, the bearish trend should resume.
I'm anticipating the correction to complete at the daily resistance zone that lined up with the moving average.
Watch out for bearish price action signals from that zone to confirm the completion of correction.
What's your thought on USDCHF?
USDCHF Analysis: Price bounced from a falling trendlineHi traders,
Price has respected this trendline severally and has bouced off again when it touched it(bounce more visible in smaller timeframes).
This zone also happens to be a resistance zone.
I see a high posibility of the price going down.
USDCHF Analysis: Price following a triangle patternHi traders,
This pair looks interesting and very trendy!
It seems to have formed a new structure(symmetrical triangle) long before the breakout of the rising channel.
The price bounced for the fourth time from the support line of the triangle and there is a high chance of it proceeding upwards towards the resistance line.
Let me know your views on the pair in the comments. Hit the like if you agree with the analysis.
USDCHF Short SetupShort this pair, but also expect some volatility so do not pain, it is in the downtrend
USDCHF Short 125 pipsHello Traders,
A breakout was seen in USDCHF last week and a retracement has been made. An entry opportunity can be seen as a downwards momentum is developing with 55 pips stop loss around a previously identified key level and a take profit of 125 pips take profit just around the previous swing low. This trade can be used as a hedge on the previously posted EURUSD trade.
Have a lovely day!
Riverfront Capital
USDCHF WAITING FOR THE BIG MOVESUSDCHF
- Price is correcting inside this channel since August with a clean behaviour.
- Price is currently making a fourth touch in the supportive trendline and failing to reject impulsively (as it has happened before).
- The price is located inside of a large conciliation box which ends up indicating our last support level.
- We are looking for long entries in the 1H/2H/4H timeframes if we find a good reversal pattern.
- We would only enter in short positions if we have an impulsive break of our conciliation box. Keep in mind that a break and re-test is also valid for short positions.
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USDCHF bearish runBeen watching USDCHF for a couple of days now and what I was looking for has been found. Currently showing some buyers exhaustion which is telling us price can change direction for downside
Buy USDCHFUSDCHF
BUY
TP: 0.99270
SL: 0.98180
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USDCHFDollar against the Swiss Frank is currently on a strong support level, it may bounce to be a long or it may break the support and go on a short, in anyways, I posted this just to let other traders know that they should put on eye where chf goes next week, probably we may consider a trading pair for next week.
Hope everyone had nice profitable week and wish all is well with you guys.
Have a nice weekend.
USDCHF UPDATEPLEASE FOLLOW, COMMENT AND LIKE
am expecting a little push up and some retracement before we get another quick and explosive push up :)
