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Usdchftrade

USDCHF is bounced from 0.90000 markUSDCHF USDCHF is making a big falling wedge pattern which is similar to the WXYXZ Elliott impulse wave pattern is a indication of the buyers are gaining some strength to make this pair more bullish Yesterday the upside resistance trend line was broken and it's currently in a retest phase which will give as a good risk reward ratio We can open buy orders at this level and the potential take profit will be 0.92000 which is a major psychological and it's coordinates with the upside trend line which is still intact since may If the major trend line is broken we can expect a longer bullish run towards 0.97000 In H4 chart the price is trading above the 50,100 Exponential moving average and the next hurdle is a 200 EMA will act as a recent resistance to the bullish run If the price broken at 0.91500 it's a clear sign of more bullish trend Please like, subscribe and share your ideas and charts with the community Disclaimer! This post does not provide financial advice. It is for educational purposes only
Long
by forexorbit
1
USDCHF, 4hr timeframe, buy above the kumo cloudHello my friends, Another setup coming to everyone. This time is USDCHF pairs. Notice how price already broken above the kumo cloud and currently continue going up. I think there is a possibility for price to continue going up until 0.9195-0.9200 area which is the nearest resistance. I am waiting for price to retrace around 0.9115-0.9120 before initiating buy position Buy USDCHF at 0.9115-0.9120 Stop loss 0.9075 Take profit 1 @0.9155 Take profit 2 @0.9195 RR ratio is 1:2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
USDCHF Multi Time Frame AnalysisHi Traders, here is the full Video Analysis / Breakdown for USDCHF. HIT THAT LIKE AND FOLLOW BUTTON! A like & a Follow or comment is a Free way to Show your support! Conditions - 1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change ) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis! 4.Follow for more Analysis like this! Your Support is Appreciated! See You in the next Educational Video / Analysis #likeandfollow
Long
by Global_Fx
2
USDCHF could go up, but be careful#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart. However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a prolonged sell-off. US Dollar is still struggling and there's no guarantee that the double bottom formation would work here. That being said, this trade offers a good R:R(Risk/reward ratio) and hence, I am looking to place 2-3 standard lots of buy trades in this support area.
by YourLazyTrader
4