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Usdchfshort

USDCHF at bottom of rising channelUSDCHF could be set to have it's first positive day since 21st December as it sits within the lower boundary of a rising channel. We also have a recent supply zone directly below the channel boundary offering additional support. This looks like a potentially high risk reward trading opportunity, market structure is bullish and we have seen a strong serious of higher lows - I don't expect structure to break here so a bounce before the bottom of the supply is my expectation. This is not financial advice, you are responsible for your own trading decisions. *** PLEASE LEAVE A LIKE AND FOLLOW TO SHOW YOUR SUPPORT *** Any questions or comments I'd be happy to discuss below.
Long
by HayeTrading
1
USDCHF looking to fin new lows...As I wrote about it earlier, I still think there is room for this one to fall further down. Since yesterday we have broken a daily trendline and the price is still hovering below 0.9155 minor resistance line. The dollar was weak across the board today, and I'm looking for this one to finally form new lower low levels. Might be a risky trade here, but since it's the end of the year I'm only risking 0,25% on this one. We are already up 8% for the month, so I don't mind "playing" this one again.
Short
by tomsabobiz
USDCHF still looks bearish to me...I'm still looking for this one to form lower low levels and my ultimate target would be the 0.88 level, but for now, I'm still looking for this one to test the trend line on the weekly chart. The dollar is still weak and while hyperinflation is starting to kick in slowly I think we are going to see the dollar index falling a bit more and that can help us to pull down this one as well. My entry point is on the 1hr chart but my long-term technical analysis is based on the daily, weekly, and monthly. And as always RR is minimum 1:2
Short
by tomsabobiz