USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.98547 where it is could reverse down to its support at 0.97940.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Usdchftrade
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.98547 where it is could reverse down to its support at 0.97940.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Possible Sell for USDCHF : Pullback Has Been CompletedPossible sell for USDCHF. Price has remained below the 200 and 50 EMA indicating a short bias. This idea is an update to the previous idea I uploaded on this pair, indicating that the price has completed a successful re test to the trend line and should now head down as the dollar weakens. I have set a reasonable stop loss just over the trend line for the rare case of breaking the trend and a take profit of about 175 pips. Risk:Reward ratio is 2.68.
FX:USDCHF
USDCHF approaching support, potential for a bounce!USDCHF is approaching its 1st support at 0.97899 where it could potentially bounce to its resistance at 1st resistance at 0.98644.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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
USDCHF Daily Harmonic But Analysis and StrategyWe are predicting the bearish Bat Pattern to complete as shown on the daily chart. Price action is showing a downward trend giving the pattern confirmation. We still have an open short position which we will close at the completion of the predicted pattern. FX:USDCHF
USDCHFDollar against the Swiss Frank is currently on a strong support level, it may bounce to be a long or it may break the support and go on a short, in anyways, I posted this just to let other traders know that they should put on eye where chf goes next week, probably we may consider a trading pair for next week.
Hope everyone had nice profitable week and wish all is well with you guys.
Have a nice weekend.
USDCHF, WILL THE BEARS RUN?Hello traders, today we bring you an analysis of the USDCHF, we are expecting a drop, however we do not have the needed requirements to open a position yet.
We recommend you to wait for a break of the trendline or a touch in our resistance level followed by a reversal candle (closure), you can also look for entrys at the 15MIN and 1H timeframe!
Best of lucks,
GlobalYouthTrading