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Usdchfshort

USDCHF | Perspective for the new weekFrom the weekly chart, the overall perspective is Bearish despite the uptrend scenario on the daily chart that began on the 2nd of November 2021. The Greenback climbed to over a two-week high prior to the Non-farm payroll report but was struck with a wave of "sells" after the report detailed that the US economy added 199,000 new jobs in December - a feat which was below the consensus of 400, 000. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. Since July 2020, it is observed that the Fr0.93750 zone has been a strong area for the bears. ii. The Bullish run that began on the 2nd of November 2021 was stalled at Fr0.93750 (an area peculiar with strong selling pressure in the last 18months) and was immediately followed by strong selling pressure which is represented on the chart bearish engulfing candle iii. Trendline: The visual representation of a line drawn above pivot highs reveals the prevailing direction and speed of price action in the last42 days. iv. And since the strong reversal, buyers have been finding it difficult to break through Fr0.92800. A character that emphasizes the selling pressure at this juncture in the market. v. The breakdown of the Bullish trendline and Key level in December 2021 is a further signal that buyers are losing steam as they make another attempt to hijack the momentum from sellers during last week trading session. vi. For me, the surge in price during last week trading session could probably lead to a retest of the bullish trendline broken to incite a further decline in price in the coming week(s). vii. The early hours/days of the new week might see a price climb into the new supply zone I have identified within Fr0.92120 &0.92450 where I shall be looking for a reversal set up to take a short position viii. If this does not happen and price decides to do an outright breakdown of key level @ Fr0.91750 then it is advisable to use the key level as a yardstick for precautionary measures... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 2 to 7days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCHF Analysis 7/1/2022 1hr Possible trade entry here, depending on what price does, there are several factors that are playing against this idea but It's not a big deal if the entry does not get triggered. the grey lines across the chart is the previous days high/low. price has broken the high today showing upward momentum here. looking for an OTE entry position here chasing higher highs. entry at the 0.618 aiming for price to hit the 0.79 retrace zone, before hitting the previous highs ending the week on a good note. the things to consider is that its Friday so usually a boring day, still no excuse to not try and catch a nice entry, I am still learning here so there could be several things wrong with this position but you don't know if you don't try and time will tell on this one!
Long
by ryanc49
Potential Crab Forming 🦀USDCHF - Rejecting from a very strong weekly support line creating a nice BOS up-to another strong S/D zone, I want to see price reject from this zone giving us a pullback before breaking that zone/retesting and continuing in the direction of the HTF crab. Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
by benalistarfx
2
USDCHF | Still in DowntrendWhen it comes to USDCHF , it is still in downtrend. Now price is staying near good resistance area. You could short from this area by placing the stop above it. For more reference, please take a look into my previous idea that I have shared. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
USD/CHF Analysis 31/12/2021 15minWorking on forex still, took a really nice trade yesterday and just close it out today at around 50 pips, I had been watching several pairs the past couple days and was waiting for the patterns to play out. I also was looking for bearish order blocks and if you look at where I took my fib from it was off the back of a big sell off. I looked for a few things for this trade. firstly, I wanted to see lower highs, and we didn't even get close, then I seen the last level of resistance was 0.72 level which from a risk to reward standpoint makes a lot of sense going with a short at these levels, price had just rallied up and we were hitting clear resistance here. it actually ended up being the perfect entry or 'OTE' as I am learning. all of this analysis is off the back of watching 'the inner circle trader' I am just getting started watching his analysis but he is very accurate and patient and patience has paid for this trade big time. I still think price will go lower but for my second trade in forex and nailing 50 pips I am not going to get greedy here, just going to try and keep it up. the yellow line is where I could see a test but honestly it wouldn't surprise me to go lower, again though the same technique could be used here to look at the retrace back up from these levels and try catch the next leg down. I will keep ay eye on this chart for the next week or so and look to take a similar trade as market bias is definitely bearish here. I am going to do forex all day today I think and see if there is anything playing out or maybe things too watch, so far so good!
Short
by ryanc49