CHFUSD trade ideas
USD/CHF Falls to Lowest Level in Nearly Six MonthsUSD/CHF Falls to Lowest Level in Nearly Six Months
As today's USD/CHF chart shows, the exchange rate has fallen below 0.872 – the Swiss franc hasn't been this strong against the US dollar since early February this year.
Bearish sentiment is driven by:
→ Expectations of a Fed rate cut, weakening the US dollar;
→ Low inflation in Switzerland – today's CPI data shows -0.2%;
→ Geopolitical tension, particularly the escalation in the Middle East following the killing of Hamas leader Ismail Haniyeh and the anticipated response from Iran.
Market participants appear to view the franc as a "safe haven."
Technical analysis of USD/CHF chart shows:
→ The price has been in a downtrend (shown in red) since May this year, with the downward movement accelerating in July, as indicated by the black lines.
→ The psychological level of 0.875, which served as support in February-March, was breached with a wide bearish candle on the first day of August.
→ Today, the price is near a support block formed by the lower boundaries of the mentioned channels.
Can the USD/CHF price bounce from the area where these channel boundaries intersect? Some recovery seems plausible given the current oversold condition indicated by the RSI.
However, if a rebound occurs, bulls may face a series of potential obstacles:
→ The former support level at 0.875;
→ The median boundary of the blue channel;
→ The upper black line.
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USDCHF H4 I Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8703, which is a pullback support.
Our take profit will be at 0.8779, a pullback resistance.
The stop loss will be placed at 0.8632, which is an overlap support level.
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USDCHF Support Breakout At 0.87295 02.08.2024Apply risk management
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TRADING THE DIVERGENCE ON USDCHF RIGHT NOWHighly potential of reversal on USDCHF right now as we can find a Falling Wedge Pattern and also strong divergence.
I believe this trade offers very good R:R, with 40-50 pips risk and potential gain 150-200 pips.
Let's go!!!
CHEERS!
[USDCHF SELL] at 0.87744 TP=0.87513 SL=0.87777Signal:
at 0.87744 TP=0.87513 SL=0.87777
Robot # USDCHF_102
Frnkie trading in profit the last week, looking good :)
Wave trend rangePrice broke out of upward channel with recent skepticism. I see on the daily chart here where price might stay range bound for a short time before retesting the lower channel for re entrance. I expect price to resume upward momentum
USDCHF Short term bullsUSDCHF May run to 0.92100 early next week, as the week's high. I anticipate a reversal once it reaches that level ahead of US PMI and US GDP. Given that the GDP is expected to decline, any less than forecast figure may push it 0.88700 then later to 0.88100.
USDCHF SHORTPrice took me out yesterday (Monday), but structure is being respected, hence re-entry
Market structure Bearish on HTF 30
weekly and daily at the same AOi
Weekly Rejection from AOi
Daily Rejection from AOi
Rejection from Previous Structure Point
Around Psychological Level 0.88500
H4 Candlestick rejection
Rejection from Previous structure H4
Levels 4.33
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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Never Underestimate A Simple Setup USDCHF +120 Pips Update: simple and easy setups sometimes are the best so never underestimate ur trade and have second thoughts about it on 2 conditions:
1- u enter from strong area of resistance or support.
2- u don't enter against the trendline or the general direction of the pair.
the price is creating very decent waves and also it will hit 71% fib level that will be at the same are of the trendline so putting a sell trade around this are will be great opportunities
USDCHF | Long Term | Buy OpportunityDay : Bearish Trend > marked Day Supply Zone
15m: Likely to grab entire sell-side liquidity soon and shift to a bullish trend, continuing until the daytime frame supply zone mitigation.
Take a long position after strong bullish confirmation in both 15m and 1m charts.
UsdChfUsdchf and levels
i have buy idea here
if it give me trigger at 0.88000
first target levels : 0.886
second : 0.891
third : 0.903
USDCHF | Buying Opportunity15m: London session is expected to sweep most of the sell-side liquidity. Wait for the maximum sell-side liquidity sweep, and if there is any bullish confirmation, take a long position followed by a 1m bullish confirmation.
USDCHF H4 I Bullish Bounce Based on the H1 chart analysis, we can see that the price has just bounced off our buy entry at 0.8770, which is a swing-low support.
Our take profit will be at 0.8715 which lines up with 161.8% Fibo extension
The stop loss will be placed at 0.8832, which is an overlap resistance
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. 68% 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. 73% 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.
USDCHF update USDCHF is slowly melting down following the analysis,according to my view we.still have a long way to goo down,the more you see pull back is time to get into position.
USDCHF DailyPrice has pulled back to retest the previous lower timeframe structure as resistance, forming a lower high. The retest zone also aligns with a key higher timeframe zone looking left, & today the candle is closing as a Doji indecision candle at the retest zone, showing an indication that sellers may be preparing to push price down again below this key region towards the support regions below next.
USD/CHF BO continuation trade 3.5RUSD/CHF BO continuation trade 3.5R. Ahead of the Fed, this was a higher time frame continuity trade.
Trendy I expect an upward trend to emerge for a 5 year period. Previously as seen in the 80’s and in the late 90’s a spike in travel to the Swiss alps was visible in the chart.
USDCHF Will Explode! BUY!
My dear subscribers,
This is my opinion on the EUR/USD next move:
The instrument tests an important psychological level 0.8775
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8827
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
USDCHF | NY Killzone | Buying Opportunity 15m : NY Killzone took all the sell-side LQ
after 15m and 1m bullish confirmation we can take Long Position
USDCHF LONGBeautiful long opportunity with Us dollar vs Swiss franc. Rsi divergences and good support level reached.
USDCHF | Buying OppurtunityDay : Took most of the sell side LQ
15m: The London Killzone or New York Killzone may take the remaining sell-side liquidity, then likely move into an uptrend. Wait for a 15-minute bullish confirmation, and then take a long entry after a 1-minute confirmation.
USDCHF trade ideaUSDCHF has just broken below support and retested while continuing to respect the bearish trend
