Usdchftrade
USDCHF, 4hr tf, sell on weekly resistanceHello everyone,
USDCHF also on interesting level to sell as well.
As you can see 0.8900 acted as weekly resistance for now.
We might see price rejected to the downside so a sell position looks favorable.
Notice also the last 4hr candle also a bearish pinbar candle so i am pretty sure bears in control for now
Sell USDCHF 0.8890
Stop loss 0.8925
Take profit 0.8830 (1.7R)
RR Ratio 1 : 1.7
Use only 1-2% risk
Good luck
USD/CHF Technical Analysis
The counter has been sliding down in a descending channel formation.
It is now consolidating in a bear flag pattern and closing in on the upper parallel.
We expect the pair to find resistance around here and then continue its downslide.
Short USD/CHFConfluences:
+ Trendline
+ Round number
+ Fibonacci Retracement 0.6 + 0.7
+ MACD Divergence
+ Pivot Point
+ Flip Zone
- Take Profit:
+ next Support / Resistance
+ Or Price Action ( My Favorite way )
USDCHF| FALLING WEDGE|ANALYSISPRICE ACTION:
• Price action finds first resistance (1), where it reverses direction and goes downwards till
finding first support (2).
• Price action reverse direction from support (2) and goes upwards, till finding the second
resistance (3) which must be lower than the first resistance (1).
• Price action reverse direction from resistance (3) and goes downwards, till finding the
second support (4), which must be lower than the first support (2).
• The pattern is completed when price action reverse direction from (4) and goes upwards till
it breaks the wedge's upper border at point (5).
TRADING THE PATTERN
• Trade entry: after breaking the wedge's upper border at point (5), with an entry after
confirming the breakout.
• Take profit: identified by measuring the vertical distance from the wedge's highest high (1)
to the wedge's lower border, that measurement is then applied from the breakout point
(5).
• Stop loss: the wedge's lowest low (4).
PLEASE LIKE THE IDEA IF YOU FOUND IT USEFUL.
USDCHF | Possibly a break of the downtrend line +180 PipsWelcome Back.
Please support this idea with LIKE if you find it useful.
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It may rise towards the ascending trend line and possibly re-test the trend line and then break it according to the scenario that you set
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UsdChf- to break important supportThe trend for UsdChf is strongly and clearly down. Since the recent touch of 0.9 support, the pair traded in a 200 pips range and I think this range is about to broken down.
With DXY also strongly bearish, UsdChf can drop to 0.87 zone in the medium term.
0.9050-0.9070 could be a good place to search for selling signals.
My bearish outlook is negated by a daily close above 0.92
USDCHFAlthough there is a strong bearish channel but I see a possible upward move in USDCHF currency pair,
USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF
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⏳14 Hour chart
🎲 Swing trade
⛳️Bullish entry
—————-❇️——————-
Detailed analysis 💬
1️⃣ 0.90000 Swiss national bank intervention level
2️⃣ 0.90000 Strong trend reversal area
3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF
4️⃣ RSI has reached around 39.00 Oversold condition
5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green
6️⃣ Stochastic reached below 25 Oversold condition
7️⃣ Short term Technical support - Bullish
8️⃣ 50,100,200 EMA cluster resistance for bull
9️⃣ Bollinger bands reached lower side of the band
🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area
#️⃣ Overall long-term trend- Bearish
—————-⚜️——————-
Bullish entry #usdchf
Entry price -0.90400
Take profit 01 - 0.90900 (50 Pips)
Take profit 02 - 0.91400 (100 Pips)
🚫 Stop lose 0.90050 ( 35 Pips)
⬆️ 1.11% Growth expected
⤴️ Account growth .39 : 1.11
✅ Risk reward ratio 1 : 2.84
—————-⚜️——————-
USDCHF buy at bottom target 0.94USDCHF is making a correction from the upside move, watch lower time frames to buy, target 0.94
USD/CHF Technical Analysis
The counter has been coiling within a 300 pip range.
Now, it is at the lower end of the range and taking the support.
We expect the pair to head higher to the upper end of the range.
POTENTIAL LONG/ SHORT OPPORTUNITY ON USDCHFPotential Long then short opportunity on USDCHF.
Will watch price action on LTF and wait for my entry trigger.
SELL SELL SELLhello team. head and shoulders pattern has formed. lets look to profit on the weak USD
USDCHF Sharp MoveAs see on the USDCHF chart, there is divergence on rsi and rejecting the price from the resistance above it and the blue trendline the price has high chance of sharp drop to the below support level
Caution : be careful about the green trendline and close the trade if things goes wrong in that area
usdchf !!!Hi traders and investors , if the price breaks the resistance with a great volume , the market will rise .
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.
USDCHF heads higherWe expect the pair to complete the Elliot wave double zigzag correction @ 0.93000 before we see an opportunity to sell
USDCHF: Will USA Election increase the selling pressure of USD?I see a shorting opportunity for USD/CHF
UsdcChf made a double bottom and ready to shoot up..UsdChf is at a support for the 2nd attempt to break it or reject and sky rocket to complete the W formation for over 150+ pips
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.
