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Usdhcf

Strifor || USDCAD-12/04/2024Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it is unlikely that we will see continued growth. Although this probability remains, in this case we have scenario №2 , where growth may still be towards the level of 1.37500 . But it should also be noted in favor of scenario №1 that most of the sellers have already been liquidated, and the instrument is more ready to fall towards the designated target at the level of 1.36500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Viktor_strifor_analyst
1
USDCHF Sell Trade Idea (INTRADAY AND SWING)USDCHF -------------------------------------------------------------------------------------------------------------------- Haven't posted in a long time and it is only fitting that I resume with a major swing trade. Being a CHF pair, these pairs are one of the most respectable pairs as it relates to following the trend. If you are in it for the long haul, you will be immensely blessed. Price has been moving steadily in a uptrend, creating demand after demand after demand. Compression is easily seen here as we have now reached a major supply zone and we seek now to sell as sellers are now to enter the market. Dollar strength has been something to watch over these past months, however, weakness is expected in the coming months. New Fed chair will be put in this year. Many unexpected things are to happen so be aware. So I see USDCHF making a bullish move @ 1.00996 and returning to weekly supply to make its big drop. If you wish to learn more about supply and demand and/or fundamental analysis, message me on trading view at any time or message me on Telegram: t.me I give more trade ideas, signals and opportunities with my students. ALWAYS TRADE WITH NO INDICATORS. MAKES LIFE EASIER! Sell at market execution @ 1.02074 Intraday SL: 40 pips TP: 100 pips R:R: ~2 Sell limit @ 1.02717 SWING TRADE SL: 70 pips TP: 472 pips R:R: ~6 Take care and always remember trading involves a level of risk, be sharp and exercise proper risk management. Until next time!
Short
by ricky1270
1