USDCHF Daily Short!
Overview:
USDCHF has reached levels that last experienced days of heavy testing dating back 25, Mar 21 through 05, Apr 21.
Considering price has approached this zone three additional times, it is likely it will penetrate a little deeper prior to sell-off.
0.94791 - 0.94983 has Confluence of Resistance and could be monitored for reversal cues on smaller time-frame if price gets to this zone.
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Usdchfshort
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.92740
TP: 0.91481
SL: 0.93433
Bias: Short
The price wave of this instrument is stuck in a range again. The ups and downs of this instrument between two extremes again can open up an opportunity for a short trade. We anticipate a short movement from the current price context.
Short USDCHFWhat I see:
- Stochastics crosses whilst overbought in 1hr chart.
- Stochastics looks to soon cross and currently overbought in 4hr chart.
- Resistance zone rejects price 6 times.
- Support zone rejects price 3.
What I expect:
- Stochastics to cross in 4hr chart.
- Price to reject from resistance zone towards 0.91501.
USD/CHF:PRICE ACTION | PRICE MAY FALLING DOWN MORE...Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9191).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9159
TP2= @ 0.9138
TP3= @ 0.9108
TP4= @ 0.9084
TP5= @ 0.9051
SL: Break Above R2
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💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9191).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 24.
Take Profits:
TP1= @ 0.9159
TP2= @ 0.9138
TP3= @ 0.9108
TP4= @ 0.9084
TP5= @ 0.9051
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.91839
TP: 0.90977
SL: 0.92529
Bias: Short
Currently US dollar is weaker against basket of currencies and there is a greater possibility of staying weaker next few days. We can project a short trade from the present price pattern. As the volatility is poor ,any directional trade should be taken with enough caution.
USDCHF which currency will be stronger?Hi Traders,
As we know investors are turning to safe haven currencies as the global situation is happening between Russia and Ukraine. With USD and CHF both being considered as safe haven currencies, it will be interesting to see which one is stronger within the next weeks to come.
Price recently made a double top at the peak expanding structure which gave us a massive drop which price is currently ranging which we may get a reversal off the lower boundary of the struvture which is a potential double Bottom.
Keep watching price action for more clarification and development of this movement.
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