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Usdchftrade

USDCHF 1 HR LONGHello to all watching my charts Here is a fine situation to check what channel trading can do for you. I have marked the long channel here with +/ 2 and timeframe is 50 in a 1 HR chart. So you can copy that in your tradingview chart and see whats going on next week. At the moment the long signal is going for so for new positions long is too late in my view. But if you copy you will be able to check yourself whats going on For any help needed send me a bordmail. Best regards Renkotrade
Long
by Renkotrade
USDCHF Trade Idea using Markup Buddy IndicatorUSDCHF view as on D1 The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward. # For more information on Markup buddy please read here www.profitfxza.com See my analysis below while using this tool: # Clear breakout of the resistance level # Clear retest of resistance as support # Pin bar printed signalling bulls taking control I will look to buy when price has pulled back to the mid level (50% retracement) of the said pin bar before looking to buy # Buy limit at 1.01617 # Stop loss below the 1.01308 support level # Targeting 550 pips as per the ascending triangle pattern This trade will offer an excellent risk to reward ratio (approx 1:10) so the cost of opportunity is worth the risk.
Long
by Cmasterza
Pay off the mortgage ;p This pairing is in an interesting place at the moment because it is reaching weekly highs it hasn't seen since August 2010... 9 years, price is currently 100 pips away from this level so we could see a bullish run up to it. Another possible outcome is the 1 we have drawn on the chart, price could come back down to retest this trend line that has formed and make a new HL ( higher low ) before going up hitting this massively strong resistance before coming down and breaking through our TL, if this is the case and our TL is broken this pair could sink quicker than the Titanic. We can only see bearish movement once price does hit this level as we can see USD weakness coming very soon and a possible recession. This is a swing trade so expect this to develop over a few weeks or months so if this is not your style then don't enter, this trade works well for us as we don't have to keep checking the charts so we can just sail off into the sunset on our Yacht and not worry about a thing ( I'm joking about the yacht ;p but I do have a dinghy if that counts ) If this trade plays out by the rules you will be able to pay your mortgage off ;p
by ApexFX_Pro