UsdChf Long!UsdChf is forming a clear break and retest along with a head and shoulders forming at the bottom of the trend. Spotting clear Bullish Divergence to really help this one take off. Use proper risk management as always. If this stop loss hits ill enter one more time closer to the bottom of the retest structure for good risk to reward ratio.
Usdchfsignal
USD/CHF Has Rejected Resistance LevelThis has rejected the resistance level that I marked out in my previous analysis. My medium term target is 0.86993 although this is still in a bullish mood on MACD and EMA's have not yet crossed so we need to be cautious. It may be better to trade this with short term goals to reach to overall target of 0.86993. With this in mind I have marked out 0.89261 as a support that needs to be passed, so this can be a TP level before assessing the situation when it reaches here for another entry.
USD/CHF At ResistanceThis has retraced nicely to resistance, from here we can short once we see it reject this area. There is a bigger resistance just above, marked by the red zone, so if it does continue higher there will be another opportunity to short with a more profitable target. For the moment we focus on the current resistance though so using 4HR timeframe look for this to turn downwards using MACD and EMA's for guidance. Once it turns more bearish enter a short with a target of 0.86993 which equals the next low.
USD/CHF SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is mean to be a preparation for you! as always we will have to wait for a confirmation!
USD/CHF: Daytrade-Preparation
Market-Sell: 0,88890
Stop-Loss: 0,89100
Point Of Risk-Reduction: 0,88755
Take-Profit: 0,88490
Stop-Loss: 21 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me!
USDCHF - SELL - INVESTWITHKImarked up my support and resistance points, identified the violation of the trend from bullish to bearish; at the candlestick with the blue box around it. If you look left, the previous support was violated so price created a lower low, lower close at the candlestick inside the blue box... Looking to sell during this pair.
USDCHF | Perspective for the new weekThis is a follow up to my last publication (see link below for reference purposes) as price action is confined within our reversal structure (Inverse H & S) and Range (Channel) with the tendency of a rally that might lead to the correction of the overall downtrend perspective.
Tendency: Uptrend (Bullish)
Structure: Reversal pattern | Breakout | Supply & Demand
Observation: i. Since price action is caught within a Supply & Demand channel (Fr0.88200/0.89200), price is back at the Demand zone.
ii. After the successful Breakout of Fr0.88400 at the beginning of the year, the price has been going through a corrective phase with visible rejection from the demand zone.
iii. In the coming week(s), I shall be looking forward to 61.8/78.6 retracements to join the rally.
iv. A significant Breakdown of Fr0.88200 in the coming week shall trigger a conscious approach as only an engulfing Bullish candle from this zone will be the signal to look out for.
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:5
Potential Duration: 5 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
USD CHF MAY GO LONG ACCORDING TO MY ANALYSIS. {18/1/2021}Disclaimer:- Educational Analysis says Usd Chf may go Long according to my technicals.
This is not an entry signal. I have no concern with your profit and loss from this analysis.
Why Long?
Because the 15 min timeframe market is making a higher high and higher low, it means the start of an uptrend.
For Additional Confirmation on this trade. you may go for 15 min there, the pitchfork tool may help you with this analysis in a more disciplined way.
USDCHF | Perspective for the new weekIn my last publication on this pair, I projected that the Bearish run that began in November 2020 has found a bottom and a reversal is at the corner (see link below for reference purposes), but unfortunately, it didn't go as expected as it took price exactly 30days to complete an Inverse H and S pattern (Reversal Pattern) with clues of how to hop in the rally.
As USDCHF cap below Fr0.89200, a break above this zone in the coming week would complete a “Head and Shoulders” triggering corrective recovery above Fr0.89400 for a rally.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern (Inverse H & S) | Supply & Demand
Observation: i. Inverse H& S: Bearish Leg that began Nov. 2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89200); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder.
ii. The Reversal pattern explained above supports a Breakout of the Neckline zone @ FR0.89400 in the coming weeks.
iii. For the cautious, a successful Breakout followed by a Retest of this zone might be a signal to hop into the rally.
iv. Please note that this is a counter-trend opportunity which might lead into a corrective phase of the obvious Downtrend.
Trading plan: BUY confirmation with a minimum potential profit of 180 pips.
Risk/Reward : 1:3
Potential Duration: 4 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.