Usdchfsignal
USD/CHF Wave Analysis
The counter has been in a downtrend since the start of this year.
The price was consolidating in a narrow for the last few months which could be interpreted as wave 4 of Elliott wave.
Now it is on the brink of rendering a bearish breakout.
We expect it to breakdown and complete wave 5.
USD / Chf time to buy, but not now.USD / Chf time to buy, but not now.
What I see from usd / chf at the moment is that the price has broken through to SnD2, at that time there was a bullish movement, then the price returned to point X to retrace.
Usually, when the price breaks the SnD twice, the trend has shifted.
at the moment I see Usd / Chf retrace, its validation is a few pips below X.
if the price continues to fall, the analysis to buy in the green area is definitely invalid.
ThePrinceJason’s Trade Team is placing a LONG trade - 0.91025ThePrinceJason’s Trade Team is placing a LONG trade :
Stop Loss 🚫: 0.90767
Take Profit #1 ✅: 0.91346
Additional Notes: Please use proper risk management. 💯
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Double ZigZag on Wave 2 As mentioned in the previous analysis, it is possible that corrective wave 2 is a Double Zigzag pattern. We are currently at the end of this corrective movement. However, this corrective movement should not exceed the range of 0.90514. In addition, by crossing the 0.9197 price range, the uptrend scenario will be confirmed.
USDCHF SWING TRADE 14-OCT-2020USDCHF-Technical analysis
USDCHF got some minor rejection around 0.91000 key psychological level and bounced towards 0.91500 which is a .50 Fibonacci retracement level and at this supply zone
the price was consolidated and then felled towards 0.91150 price action level which is acting as decent support coordinates with .382 Fibonacci level. The price will
bounce from this level and the swing target would be 0.92000 which is a key psychological level
SWING TRADE-USDCHF
Entry point @ 0.91200
Take profit @ 0.92000
Stop lose @ 0.90750
80 Pips target R:R 1:2
Don't risk more than 1% of your capital
USDCHF - Outlook 11 October 2020 - Sell sell sell!!!!Hi all traders,
This is a video analysis on usdchf.
As always, i have mentioned some of those important levels within the video analysis for you to take note.
Do trade safely for usdchf for next week and hopefully you would be able to make some pips.
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Daily Update__ Buy__USD/CHF-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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