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Usdchfshort

USDCHF –waiting for resumption of the main trend 21 Aug, 2023Anyone looking at the daily chart would agree that the overall flow in this market is bearish. I am waiting for the current counter-trend move to get exhausted and evidence that the bearish move has commenced. Two possible locations of such reversal are the zone I have marked or the major s/r area around 0.900. I will be monitoring price action on H4 and H1 time frames for some bearish evidence. The initial target is in the 0.8550 region. If, however, we see a bullish continuation move with momentum, my analysis would get negated. Being prepared for the unexpected is a good policy in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
2
USDCHF Sell SignalHello Traders, I realize it has been some time since I last shared any signals on TradingView. However, today I have identified an appealing opportunity that I wish to bring to your attention. Pair: USDCHF Position: Sell Entry Point: 0.8790 Take Profit: 0.8560 In my analysis, the 0.8790 level appears to be a solid entry point for a sell position on USDCHF. The most secure rate to set your take profit and close the sell order would be around 0.8560. I hope that this signal can assist you in achieving a profitable trade. As always, please remember to apply proper risk management and consult your financial advisor if necessary. Trading involves risks, and it's vital to trade responsibly. Wishing you success, FireXForex
Short
by FireXForex
USDCHF BEARISH Meets monthly Low and SupportTrend short Correction Bullish triangle confirmation signals further upside past 0.8900 USD/CHF picks up bids to prod the top line of a bullish chart formation. Upbeat RSI, clear bounce off 0.8870 double-bottom keeps USD/CHF buyers hopeful. Sellers need validation from 0.8880, buyers may aim for 0.8950 on confirming bullish triangle breakout. However, the pair’s upside beyond 0.8950 may find it difficult amid the likely overbought RSI (14) line around then. Additionally challenging the USD/CHF bulls above 0.8950 is the monthly high of near 0.8995, quickly followed by the 0.9000 psychological magnet. On the contrary, a one-week-old ascending trend line, close to 0.8880 at the latest, can act as short-term support in a case where the USD/CHF defies the latest triangle breakout by slipping back under 0.8915 level. Even so, the stated triangle’s lower line of around 0.8865 can challenge the pair bears before directing them to the monthly low of 0.8820 and the 0.8800 round figure.
Short
by DaveBrascoFX
7
USDCHF - Wait for a retracement ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a strong bearish market structure, so I am looking for shorts. I wait price to make a retracement to fill one of the imbalance above and then to look for a short from that zone. Fundamental analysis: Next week we have important news on USD, on Wednesday will be released Intereset Rate, followed by FOMC Press Conference. If the result is positive for USD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD