Usdchftrade
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 1.00100 where it is could reverse down to its support at 0.96900.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF - Forming an ascending triangle before the dropThis is in the connection for my USDCAD Post. This chart shows an ascending triangle formation however, we need to remember that that down trend wave is still in the shawdows. Combining both theories, we can say that the
price might break to its resistance then return back to lower positions. The market might be looking for positive news at the moment.
If you have comments regarding my post, feel free to contact me anytime.
CHF Comeback? - Ichimoku USD/CHF Short TradeThis pair has stalled out a little bit but zooming into the 1 hour chart we see some strong support sitting a little below our current price.
If we can break that level then I'll look to get short.
You'll notice some wicks around that level that I'm also watching to get broken.
I've drawn out some partial profit targets on the way to my longer term target to aim for as well.
If we fail to break down below those levels and form lower lows then this setup may become invalidated.
USDCHF Possibility of short trade"In the name of Allah, the Most Gracious, the Most Merciful".
USDCHF Possibility of a short trade
Note: This is only for Educational Purpose this is not Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan.
USDCHF bounced from upside confirmation, potential for a further
USDCHF bounced off its upside confirmation at 0.99445 where it could potentially rise further to 1.00030.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF to climb from upside confirmation, potential bounce!
USDCHF to climb from its upside confirmation at 0.99325 where it could potentially bounce further to 0.99743.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.