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Usdchfview

USDCHF | Good Sell Opportunity.When it comes to USDCHF , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area . If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
3
USDCHF - 3 Trades on the horizonUSDCHF, like many of the USD pairs has exploded up to 1.382 extensions and so I am looking ahead to my final target of longing the USDCHF up to 0.98600. Trade #1: I will wait for price to retrace back down to 0.97125 before looking to go long for 50 pips. Trade #2: Once price hits 0.97650 I will be looking for reasons to short back down to 0.96860 for 80 pips. Trade #3: If the signs for a decent long position present themselves then I will look to take profit around 0.98600 for +175 pips. The risk to this longer term outlook is a quick resumption of the recent bullish trend at the 382 fib level located at the 0.97300, with that target then being 0.98900. What are your thoughts on USDCHF?
Long
by Mase_00_7
USDCHF SHORT ::: RISK CALL :::The reason why we feel EURUSD may SINK. * On weekly basis it has just started moving DOWN. * Bullish Engulfing in weekly Chart . * To SINK and come near .9627 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SELL BELOW :.9816, SL:.9826, Tgt 01:.9627. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Short
by ajithchand-bhandaari
1