SELL TRADE SETUP ON USDCHFPotential Trade Setup on USDCHF
Following up on the PPI Data that was released today, the dollar seems to be weak and that happened to have resisted the price of USDCHF from moving higher,
The price is developing, and I am waiting for a break below the support , followed by a sharp retest of the broken support newly used as resistance to go SHORT.
You may find more details in the chart!
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Usdchfshort
USDCHF Technical Analysis and Trade Idea 👉 🔍 In this video, we take a closer look at the USD/CHF pair, which has recently displayed bearish momentum. It has retraced significantly and is now facing a key resistance level. Based on this, I anticipate further downside potential.
However, it's important to remember that these insights are speculative and not a definitive forecast. It's essential to confirm specific price movements before making any trading decisions, as discussed in the video. The video offers an in-depth analysis of the current trend, market structure, and price dynamics. Keep in mind that this educational content aims to enhance understanding and does not guarantee results. Trading involves substantial risks, so employing sound risk management strategies is crucial. 📈🔔
11 RR Sell Setup for USDCADCore Analysis Method: Smart Money Concepts
Based on the Smart Money Concepts methodology, we have identified a strong demand zone on the daily timeframe, which has once again given a strong rejection, changing the price character from bullish to bearish on the H1 timeframe.
😇 7 Dimension Analysis
Time Frame: H1
Swing Structure:
Bearish CHoCH from higher timeframe zone rejection.
Took inducement and now ready for a corrective swing move with its 1st pullback.
Internal structure turned bullish for a correction towards extreme and decisional POI (Order Flow or Order Block).
Preferred POI: Order Flow in the Premier zone of the swing.
Entry Model: Regular SMC.
Daily Resistance: Supply zone where sellers still have full control, with the 3rd breakout attempt failure.
Pattern:
🟢 Chart Patterns:
Reversal: Head and Shoulders pattern is clearly visible and completed.
🟢 Candle Patterns:
Observed multiple reversal candlestick patterns on the daily timeframe, including Doji, Long Wick, Engulfing, and Dark Clouds. These patterns indicate strong bearish momentum at the level.
Volume:
🟢 Very massive volume observed on the daily timeframe right before and after rejection, with the price reacting bearish. This is a strong indication for a sell position.
Momentum RSI:
🟢 Price is in the bullish zone yet, but strange things are noted in terms of momentum on the daily timeframe.
🟢 Strongest 3-candle divergence and loud moves.
According to Andrew Cardwell's method (used for momentum analysis with RSI), loud moves are almost 90% confirmed moves.
Volatility Bollinger Bands:
🟢 After one of the longest contraction phases, the breakout to the upper side was unable to give the expected move and was rejected after a squeeze breakout.
🟢 Walking on the band took a rejection with a head fake, indicating strong bearish control here.
Strength ADX: Neutral
Rating: ⭐⭐⭐⭐⭐
Entry Time Frame: H1
Entry TF Structure: Bearish CHoCH
POI: Waiting for mitigation
Decision: Sell limit order with extreme risk (as per my money management strategy).
🚀 Entry: 1.3855
✋ Stop loss: 1.3955
🎯 Take profit: 1.2818
😊 Risk to reward Ratio: 11 RR
🕛 Expected Duration: 45 Days
SUMMARY:
Based on the comprehensive analysis using Smart Money Concepts, a sell limit order at 1.3855 with a stop loss at 1.3955 and a take profit at 1.2818 is recommended. The setup shows strong bearish indications across various parameters, making it a high-probability trade. The expected duration for this trade is 45 days with a risk to reward ratio of 11 RR.
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USDCHF SHORT OPPORTUNITYHey everyone so im looking for a short pullback to 0.85100 as a target we had a nice 15 min shift from the h1 order block we are still trending down , plus we have 2 candle close in high resistance from the 0.85600 level , confirming the rejection of this level ( FOR NOW). We all know that equal highs are like magnet.
USDCHF Pattern FormationThis price has been forming a falling flag for the past few weeks which IMO it is a strong indicator of a long bullish momentum.
As for the now, the price seems to be at major market zone, at 0.883 - 0.885, hence we are waiting for;
1. If the price breaks out and closes above 0.886, the bullish momentum might continue.
2. If the price fails to break out of that zone, it will continue with the bearish momentum and completing the pattern where the target is 0.857
USDCHF - Short from trendline !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from trendline + liquidity zone + institutional big figure 0.89000.
Fundamental news: Next week is full of news for USD, on Wednesday (GMT+3) we have Interest Rate and FOMC and on Friday (GMT+3) we have NFP and Unemployment. News with high impact on currency.
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USD/CHF Bearish Gartley Pattern Indicates Potential DowntrendThe USD/CHF currency pair is forming a Bearish Gartley Harmonic Pattern, signaling potential downward movement. This pattern is aligning with a key resistance area, adding further confluence to our bearish outlook.
Key Resistance and Trendline Confluence:
Price action has shown a strong rejection at a key resistance level, which coincides with a downward trendline and the 78.6% Fibonacci retracement level. This confluence of technical indicators strengthens our bearish sentiment for the USD/CHF pair.
Entry and Stop Loss:
Given the current market conditions and the formation of the Bearish Gartley Pattern, our entry point is set at 0.89442. To manage risk, a stop loss is placed at 0.89864, slightly above the resistance area to account for potential market fluctuations.
Take Profit Levels:
We have identified three key take profit levels based on historical support areas and Fibonacci extensions:
TP-1: 0.89020
TP-2: 0.88598
TP-3: 0.88176
Analysis Summary:
The alignment of the Bearish Gartley Harmonic Pattern with the key resistance area, trendline, and the 78.6% Fibonacci level provides a high-probability trading opportunity. The rejection at these confluences suggests potential bearish momentum, making this a suitable trade setup with well-defined entry, stop loss, and take profit levels.
Traders should monitor the price action closely around these levels to adjust positions as necessary.
USD runs back to the downside after brief run higher after PPIThe USD has run back to the downside, after a brief move higher after the higher than expected PPI data:
GBPUSD: The GBPUSD is extending to a new high for the year and new high going back to July 27 when the price hit 1.2995 (just short of 1.3000). The old high and the natural resistance at the 1.3000 to give traders some cause for pause from a technical perspective, with stops on a break to the upside.
USDCHFThe USD/CHF pair is currently in a bearish trend on the 4-hour timeframe, following a descending trendline and the Elliott Wave 12345 pattern. The price has just touched the descending trendline and completed the 4th wave, indicating a potential move towards the 5th wave. Traders may anticipate further downward movement in line with the ongoing bearish trend.
USD/CHF - Bearish Reversal Anticipated from Key Resistance LevelThe USD/CHF currency pair currently exhibits a Bearish Butterfly Harmonic Pattern. This pattern is significant as it is forming at a key resistance area, indicating a potential reversal in price action. The pattern's completion point, identified as Point D, aligns with a 61.8% Fibonacci retracement level, further reinforcing the likelihood of a bearish movement.
Potential Reversal Zone (PRZ):
Point D, also known as the Potential Reversal Zone (PRZ), is the critical area where we anticipate a reversal from the current uptrend. At this point, the confluence of the Bearish Butterfly Harmonic Pattern and the 61.8% Fibonacci level strengthens the probability of a significant bearish reversal.
Entry, Stop Loss, and Take Profit Levels:
To capitalize on the anticipated bearish movement, we recommend entering a short position at 0.90055. To manage risk effectively, a stop loss should be placed at 0.90175, slightly above the PRZ to allow for minor price fluctuations without triggering an early exit.
Take Profit Targets:
We have identified three take profit levels to gradually secure profits as the price moves in the anticipated bearish direction:
TP-1: 0.89935
TP-2: 0.89815
TP-3: 0.89695
These take-profit levels are strategically placed to capture gains at significant price points, providing a structured exit strategy to maximize profitability while managing risk.
Conclusion:
The formation of a Bearish Butterfly Harmonic Pattern at a key resistance area, coupled with the alignment of the 61.8% Fibonacci retracement level, suggests a high probability of a bearish reversal in the USD/CHF currency pair. By entering at 0.90055 with a stop loss at 0.90175 and targeting the specified take-profit levels, traders can effectively benefit from the expected downward movement.
Disclaimer:
This technical analysis report is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consider their risk tolerance before entering any trades.
USDCHF - Bearish price action !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block + institutional big figure 0.90000.
Fundamental news: Upcoming week on Friday (GMT+3) we have NFP and Unemployment Rate in USA, news with high impact on currency.
Like, comment and subscribe to be in touch with my content!
USDCHFIntraday bias in USD/CHF stays on the downside for the moment. Rise from 0.8** could have been completed at 0.8**, ahead of 0.** key resistance. Further decline would be seen to 61.8% retracement of 0.8** to 0.8** at 0.8**. For now, risk will stay on the downside as long as 0.8**resistance holds, in case of recovery.