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Swiss Franc / U.S. Dollar

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CHFUSD trade ideas

USDCHF: Marry One Pair and DO NOT Cheat One of the best tips I could ever give to any beginning or developing trader is to choose one or two financial securities and stick solely with them. At the start, it's natural for many of us to diversify our watchlists with a wide range of instruments - ranging from forex pairs to stocks and even cryptocurrencies. However, as time progresses, we come to realise that focusing on one or two pairs is more than sufficient. Working with them consistently and making necessary adjustments along the way can lead to long-term success. The most significant benefit of this approach is the development of what is often referred to as a ‘sixth sense.’ The more you analyse, monitor, and trade the same instrument, the deeper your understanding of it becomes. A helpful way to think about this is through the analogy of learning a language. If you practice the same one or two languages daily, your skills improve over time. You develop muscle memory, an affiliation with the language, and expert intuition, making it easier to read, write, listen, and speak. Trading is no different - by focusing on one or two securities, you sharpen your focus and deepen your understanding of them, rather than diluting your attention across too many instruments. Every security has its own unique characteristics - its own "universe." By sticking to a limited number of them, you can gain greater insight and mastery over time. Last year, we applied this principle with EUR/GBP, one of the two pairs we've been trading for years. This time, we will use USD/CHF as an example. As inferred from the detailed illustration, over the past months, we have executed 6 trade positions on USD/CHF, netting a total of +8.3% with a win rate of 66% . Currently, we have one position running in the portfolio (a long trade at ), which is running in profits of +1.5% for the time being. In addition, we aim to execute additional positions in the coming weeks, provided everything aligns with our game plan. By closely monitoring the daily movements of this instrument, we have been able to identify and capitalise on several strong swing positions. This has deepened our connection with the currency pair and enhanced our understanding of its price behaviour. As with any craft, experience leads to mastery. A useful analogy here is the game of chess. How do you improve your chess skills? Through hard work, continuous practice, and patience. By revisiting the same patterns over the years, you establish a solid connection with your approach to the game. The same principle applies to trading. One of the most beneficial strategies we've adopted is to "fall in love" with a single financial instrument (or two), trading it consistently without allowing distractions to pull our focus away.
by Investroy
1
USDCHF looking bullish again... the week of 07 Oct, 2024The market usually does not turn around on a dime, a change of trend very often is preceded by a period of consolidation. This is exactly what I am seeing on this pair, a transition from a bearish trend to (possibly) bullish. Price has just overcome major support/resistance in the 0.8550 region. This has also created a higher high, a small pullback to retest this level is likely and I will be looking to take a long if that happens. However, if a strong move to the down side forms, that would negate my analysis. My initial target would be in the 0.8730 region with the possibility to let some part of the trade run higher. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
USDCHF H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8545, which is a pullback support close to 23.6% Fibo retracement. Our take profit will be at 0.8623, a pullback resistance. The stop loss will be placed at 0.8491, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
usdchf an uptrendThe US jobs report has sent the USDCHF, finally outside of the up and down trading range that has mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 ahead of the report, and has now surged up to 0.8607. At the high, the price has tested the 61.8% retracement of the move down from the mid-August high. That level comes in at 0.86049. The price has since rotated back down toward 0.8587. The 50% midpoint of that same move lower (from mid-AUgust high) comes in at 0.85608 and will now be a support target on the downside. Stay above and the buyers remain in firm controla after the breakout. On the daily chart, a swing area hi comes in at 0.8580. That level will now be a close support level as well. If the price can hold above that level, a continuation move to the upside and a retest of the 61.8% retracement level target would be expected.
Long
by admiretira
3
USD/CHF Bullish Breakout with Potential Retest and Rally to 0.8Analysis: Recent Trend: The price has shown a clear rally after a period of consolidation between 0.8440 and 0.8510. After testing the lower bound near 0.8440, there was a significant breakout above 0.8510, leading to a sharp upward movement, peaking around 0.8574. Support & Resistance: Support: 0.8470 - The previous consolidation area and where the price bounced several times before breaking out. Resistance: 0.8570 - 0.8580 - The area where the price is currently facing some resistance after the breakout. Momentum: The sharp rise indicates strong buying momentum, with buyers pushing the price higher. However, as it approaches the resistance zone, traders might take profits, leading to short-term pullbacks. Volume: There seems to be an increase in volume as the breakout happened, which validates the strength of the move. Higher volume during breakouts typically signals confidence in the trend. Prediction: The breakout from the 0.8510 consolidation zone signals a bullish trend. The pair is likely to continue upward momentum, with the next significant resistance zone around 0.8580-0.8600. However, a pullback to retest the support zone at 0.8510 could occur before further upward movement. Trade Idea: Entry: Consider entering a buy position if the price consolidates above 0.8510 after a pullback, with confirmation from bullish candlesticks or technical indicators (like RSI or MACD). Profit Target: Aim for a target of 0.8600, which is the next resistance zone. Stop Loss: Place a stop loss below 0.8470 to account for false breakouts and downside risk. Let me know if you need any more detailed suggestions or would like adjustments to this strategy.
Long
by toddturpin