USDCHF | Perspective for the new weekPrice is currently within a strong supply zone which has a strong memory of selling pressure at around 0.98500. Are we going to be witnessing another selling pressure from this zone this week or a breakout of this zone to the upside will signal a bullish momentum?
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Usdchfshort
USDCHF to stall at current swing high.USDCHF - Intraday 9pm UK expiry - We look to Sell at 0.9845 (stop at 0.9871)
The current move lower is expected to continue. We look for a temporary move higher. Preferred trade is to sell into rallies. The previous swing high is located at 0.9855.
Our profit targets will be 0.9787 and 0.9777
Resistance: 0.9780 / 0.9800 / 0.9820
Support: 0.9740 / 0.9720 / 0.9700
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$USDCHF | Potential Stopping Point?With USDCHF at extreme overbought levels and rejection from the previous resistance along with the long candle stick, we are looking at a short for the Swiss Franc with a stop loss set above the entry candle and take profit below the 20 MA and 50 EMA right above the 200 EMA. I think for the time being we trade in this channel here highlighted by the blue lines, which designate a short term (DAILY time frame) support and resistance whereas the zones are more longer term. (WEEKLY time frame)
USDCHF SELL opportunity Usdchf sell on the short term Elliot wave view suggests a cycle from 0.94798 low has completed in form a 5 wave impulse structure . The fall from 0.99676 suggets the begin of a corrective structure wave A ended at 0.97500 and wave B @ 0.9857. I EXPECT TO SEE MORE FALL inform of wave c as shown in the parallel channel to the right
USDCHF - Daily Trade Idea - 29-Sep-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USD CHF SET UP USD CHF, has formed a double top pattern and has broken the neckline.
We are looking for a retest of neckline for entry.
-How to identity Double Top Pattern
1) Look for a proceeding uptrend HHs & HLs
2) Look for a resistance level/high levels where the market drops.
3) Wait for the price to go back to that level to make it and equal highs.
4) Use technical tools to draw them out and wait for the neckline breakout and retest.
5) Enter at the rest of the neckline and target 1-2 or 1-3.
NOTE: Retest doesn't always happen but when it dose it is useally a strong confirmation
Trade safe
UBK
My view on usdchfUsdchf
Price is testing a strong resistance after a significant uptrend. Sell side liquidity choke 🤑
If price reacts well to the resistant zone a good sell opportunity might present itself to take out all liquidity to the unmitigated order block. This is not a financial advise but my view on what I'm seeing. Do you own analysis, thank you 💙💙💙
USD/CHF Long +300 pips As you see on the charts price respected supply zone at 0.9800 after breaking the last structure (BOS) at 0.94500.
- Price started to rise in a slow movement after reaching 0.9500 supply zone.
- We can observe bearish pressure on the last 2 daily candles.
- Pivot line at 0.95500 for a confirmation.
USDCHF - Daily Trade Idea - 20-Sep-22USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we have the final confirmation for entry.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96654
TP: 0.95484
SL: 0.97805
Bias: Short
The price pattern is displaying a bearish bias . If we consider the current price actions and the current dynamic trends at macro or micro level, one specific pattern is obvious and that is the upcoming selling opportunity. Considering the sentiment and overall directional bias , we can go for a short set up.
USD/CHF Possible SetupHey Guys!
At the current moment the weekly bias on the usd/chf is long.Or in other words, price is likely to reach 1.00641 before reaching 1.93699.
That said, I'm currently looking for a short entry. In this post I explain the dynamics of the weekly bias as well as the reasons behind why I'm looking for a short entry.
That's it! I'll keep you guys updated!
Ken