USDCHF → The bullish trend may get its continuationFX:USDCHF is entering the realization phase after a prolonged correction. A favorable background is created by the uptrend and rising dollar...
The technical outlook on the daily timeframe is very good. The price after breaking the trend resistance tested the previously broken line. The currency pair after the false breakout managed to consolidate above the key point, marking an interim bottom and further prospects.
Technically, the focus is on the resistance at 0.911, if the bulls can overcome this area and consolidate above this level, the currency pair will be able to realize a rise to 0.918 - 0.93.
Resistance levels: 0.911
Support levels: 0.90555
Before breaking the resistance, the currency pair could test 0.90555 due to the liquidity generated below this area. But, the trigger that can provoke further growth is 0.911
Regards R. Linda!
CHFUSD trade ideas
Bearish drop?USD/CHF is reacting off the support level which is a pullback support and could drop from this level to our take profit.
Entry: 0.9136
Why we like it:
There is a pullback support level.
Stop loss: 0.9182
Why we like it:
There is a pullback resistance level.
Take profit: 0.9060
Why we like it:
There is a pullback support level that is slightly above the 61.8% Fibonacci retracement.
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USDCHF - Bullish continuation !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I expect price to continue bullish price action after filling the gap and rejecting from support zone + institutional big figure 0.91000.
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USDCHF | Live Price Action LessonIn this lesson we have the major pivots in price action directed with the blue path so that we can easily find the trend and to also figure out how to take action on finding out if this pair is Bullish or Bearish
In this case we see that price is at the same high in the past with tight swings creating a range or also called the distribution phase in the 4 market cycles and these two sings alone are telling us that price is looking bearish for the long term
After knowing what the overall goal is for price action 🐻 we can create a strategy for short positions only and look for entries at high points within the entire range to swing this market
(the pivots are our zones of entry either up/down)
I've also drawn an impulse wave to add more confluence to the according swings Up and Down as both directions have the same pattern
Note: Usually the 1st wave is typically way smaller with the 3rd wave⚡ being the largest and quickest.
Using the 150-day MA can now help you manage the trade in either direction like show on chart
we can see that almost every pivot bounced somewhat around the average line for optimal entry points
At the top like the last setup price action broke below and then retraced back to the MA to confirm if the selloff is true after being rejected.
🎯
The goal for this setup is to capture the entire swing and to scale the position as price falls further with more confirmation along the way
Typical forex traders dont teach this type of method as its harder to manage and unrealistic based on how long its takes (70 days+ give or take)
This is a different approach and would be similar to mid - long term swing trading stocks or crypto but it very possible for forex as well based on your strategy and style
By finding the true pivot points in price action you can easily break the trade down to capture 100 - 200 pips or less but will require you to look at the charts in one way only and not both ☯
as it can be confusing.
If you enjoyed reading this and learned something new to help advance your trading journey please boost this post, share it, and comment your thoughts on this universal strategy so that I can continue to make more, Thanks!🙂
I guess weekly opening gaps are tradeable! Yesterday on our weekly call, I had no idea how to approach trading down to fill this Liquidity Void.
This morning, its fascinating but no surprise we see price action;
trade lower to create that break in market structure,
Come back the the 4hr Order block (OB),
to reject and see the trade come to fruition.
LongGiven that the market price is likely to move upwards, it sounds like you’re anticipating a bullish move. With the resistance level at **0.91946**, if the price breaks above this, it could trigger further upside momentum.
Setting the **stop-loss at 0.89589** provides a solid risk management strategy, as it’s a safe distance away from potential support, allowing for some fluctuation while protecting against major downside moves.
If the price holds its bullish sentiment and pushes through the resistance at **0.91946**, a continuation upward seems plausible. Make sure to monitor price action closely near the resistance to confirm whether it breaks or faces a rejection.
USDCHF - Buy Setup After Resistance BreakOANDA:USDCHF has broken out of its descending channel and is now pulling back to retest the key breakout zone, which aligns with a critical support level. This retest is crucial in confirming the breakout and establishing bullish momentum.
If buyers defend this level and bullish rejection patterns emerge (e.g., bullish engulfing candles or long lower wicks), it could signal the continuation of the upward move. I anticipate a rally toward the 0.91250 level, which has previously acted as a significant area of interest.
This setup aligns with the idea of a break-and-retest pattern, offering an opportunity to join the bullish trend at a favorable entry point.
⚠️ Key considerations:
Monitor the price action closely for confirmation before entering long positions.
If the 0.90650 level fails to hold, a deeper retracement may occur, invalidating the bullish setup.
If you agree with this analysis or have additional insights, feel free to share in the comments!
USDCHF H4 | FOREX BEEHey Traders,
Looking at the USD/CHF H4 chart, here's my technical analysis:
Observations:
1. Descending Channel:
- The pair is currently trading within a well-defined descending channel, indicating bearish momentum.
- The price recently touched the upper boundary of the channel and appears to be pulling back.
2. Key Levels
- Support Zone (Red Box): Around 0.8965, coinciding with the 0.50 Fibonacci retracement, acting as a strong potential demand zone.
- Resistance Zone (Red Line): Near 0.9140, where previous price reactions and the channel's upper boundary converge.
3. Potential Scenarios:
- Bullish Breakout: If the price breaks above the descending channel and clears 0.9140, it could signal a reversal to the upside.
- Bearish Continuation: If rejection continues at the upper boundary, the price may head toward the 0.8965 zone, potentially retesting the 0.50 Fibonacci level or even lower near 0.8840 (0.236 Fibonacci).
### My Thoughts:
This setup currently favors short-term bearish momentum unless a breakout above 0.9140 occurs. A sell opportunity may arise on rejection near the current level, while a clean break out of the descending channel offers a potential bullish reversal signal.
USDCHF Break and Retest of the Failed SwingHello All!
Been waiting patiently on the reversal with this pair. I liked the break and retest of the failed swing line, CHOCH on the 4HR, break of consolidation with a retest to that CHOCH area. With that, it was able to set up nicely giving an entry at 0.90900. My first target is around 0.91300, then possible 0.91500.
USDCHF analysisPrice successfully mitigated a demand zone and is currently bullish from a medium term long term perspective.pri e is currently close to a supply zone which is expected to be successfully rejected(corrective trend).price then should mitigate a demand zone(as shown on the charts)for a rally(impulsive trend)
USDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.90700 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90700 support and resistance area.
Trade safe, Joe.
USDCHF - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.89147 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 0.89147 is broken.
Technical analysis:
A trough is formed in daily chart at 0.89645 on 01/27/2025, so more gains to resistance(s) 0.91497, 0.92218, 0.94400 and more heights is expected.
Take Profits:
0.85510
0.86286
0.87474
0.88195
0.89147
0.90367
0.91497
0.92218
0.94400
0.96000
0.99200
1.01453
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USDCHF Support Bounce and Bullish OutlookUSD/CHF is currently trading at 0.91100, showing a strong support level. The expected target price is 0.94000, indicating a potential upside of 300+ pips. The price is bouncing well from a key support level, suggesting a bullish reversal. The support and resistance pattern is playing a crucial role in this setup. Traders anticipate that buyers will push the price higher toward the target. A sustained move above resistance may confirm further bullish momentum. Risk management is essential to handle potential reversals. Market conditions and news events should be monitored. A breakout above resistance can strengthen the bullish trend. Patience and discipline are key to executing this trade successfully.
USDCHF: Bearish Continuation is Expected! Here is Why:
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USDCHF chart which, if analyzed properly, clearly points in the downward direction.
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USD/CHF
Technical Analysis: USD/CHF
This is just a personal opinion.
Be sure to check before entering.
Attention!!!
In these analyses, only technical analysis is considered
So be sure to check the basic news before entering.
Attention!!!
If the trading symbol of the bank is closed, do not trade that symbol!!
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit