Usdchfsignal
USDCHF long trade idea!this analysis related with my previous roadmap (link attached below!) .. please do your own research, good luck!
Plan : resistance level breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
UCHF jumped from the trendline and can make a 300 pip jump.USDCHF is at the 0.95 support level and is currently holding it. the candles touched the descending trendline and made a small pullback.
the expectation is that die positive US numbers will push the dollar up. we can see an upside movement till the 0.98 zones.
USDCHF potential bounce!
USDCHF expected to reverse up to 1st support at 0.97398 where it could potentially react and bounce to its resistance at 1st resistance at 0.98126.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF: Sell Trade SetupThanks for Taking Interested in my Trading Idea.
USDCHF: Sell Trade Setup
According Price action rejection market need to flow down side.
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Note: This is only for Educational purposes; this is not investment advice.
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USDCHF UPDATE: Price Set to Resume The DowntrendI pointed out a key reversal zone in the USDCHF's analysis I published on Feb 17. Price reached the area and find sellers.
With the completion of the correction, a 5-3 wave cycle is considered completed. The trend is expected to resume in the direction of the impulse pattern which is bearish in the USDCHF's case.
The target below 16th January low is plausible in the months ahead.
Verdict:
I'm already short and I will be looking to sell on Lower Highs till we reach the blue zone on the chart.
USDCHF is Approaching a Level That Should Scare the BullsThe rally from wave c of Y low on 16th Jan 2020 has been unfolding as a double zigzag corrective wave. Corrective structure moves in the opposite direction of the major trend, that's once the wave y of X is completed, the bearish trend should resume.
I'm anticipating the correction to complete at the daily resistance zone that lined up with the moving average.
Watch out for bearish price action signals from that zone to confirm the completion of correction.
What's your thought on USDCHF?
USDCHF buy on H4Plan : wait for price to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX