CHFUSD trade ideas
UPDATE ON USD/CHF TRADEUSD/CHF 30M - Morning guys, as you can see price has continue to trade us lower overnight and has in fact managed to keep the low it set late last night. I am expecting some sort of correction.
I wouldn't be surprised if price does decide to trade us higher today just to correct itself before a further down move, as we know price need to clear orders before continuing its desired direction.
This trade is currently running + 60 pips. (+ 3%) 3RR
A big well done to those who did get involved in this trade yesterday, what a way to start the year. I will update you all as soon as I have something new with this pair.
Any questions as always people please drop me a message or comment below and I will get back to you as soon as possible!
USD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
USD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.878 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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USDCHF Technical Analysis: Anticipating a Bearish Breakout The USDCHF forex pair is currently trading at 0.91150, with a target price set at 0.89400, indicating an anticipated drop of over 200 pips. The analysis is based on the rising wedge pattern, a bearish technical pattern often signaling a potential price breakdown. This pattern forms when price consolidates within converging trendlines that slope upward, typically losing bullish momentum over time. A breakout below the lower trendline of the wedge would confirm the bearish signal. Traders expect the pair to breach key support levels, driven by this technical setup. The 200+ pip drop suggests a significant move, aligning with the breakout's potential strength. Stop-loss and risk management strategies should be in place to mitigate unexpected reversals. Fundamental factors affecting USD and CHF may also impact the trade outcome. Close monitoring of price action around the wedge pattern is crucial to confirm the breakout direction.
USDCHF SHARK PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
USDCHF H1 | Bullish Rise Based on the H1 chart analysis, the price is approaching our buy entry level at 0.9123, which is an overlap support. This level is expected to act as a potential reversal point in the bullish setup.
Our take profit is set at 0.9153, near the 61.8% Fibonacci retracement, marking a significant resistance level and a logical target for the upward move.
The stop loss is set at 0.9099, below the recent swing low and a key support zone, providing room for price fluctuations while protecting against invalidation of the bullish setup.
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Long - If price pullbacks and form CLS on this level Long - If price pullbacks and form CLS on this level
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
UPDATE ON RUNNING TRADEUSD/CHF 30M - How we getting on guys, back with an update in this pair and the trade that was activated earlier on today. As you can see price has continued to play out really well and has delivered us with some great profits.
I am expecting to see this bearishness continue now throughout trading us right the way down surpassing our TP target. With price now setting a new low it would suggest that the high set where we entered is now seen as protected.
This trade is running + 60 pips. (+ 3%) 3RR
A big well done to any of you who took part in this trade, please ensure you are taking partials and applying safety measures to your positions.
As always if any of you have any questions with regards to the analysis performed or the trade itself please do not hesitate in getting in touch with me, I am more than happy to answer any questions you may have.
USDCHF Triple Top, big downside movement is incoming!Hello Fellow Traders, Its BEEN A WHILE!
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For USDCHF
Triple Top = Money
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some (Rejection / Confirmation / Direction)
2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk!
&. Plan Your Trade & Trade The Plan!
Let Me know if you have any Questions or Comments Below!
Negative Or Insulting Comments Are Not Welcome
See You in the next Analysis!
Global Fx Education
USDCHF POSSIBLE TRADE SETUPPotential Trade Setup on USDCHF
The price broke out of a strong intraday resistance zone, although the Trend remains bullish and the set Trendline keeps the price on the higher part of the market.
The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade.
A BUY opportunity is at the top above the weekly Low at 0.88818.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
USD/CHF Signals Possible ExhaustionUSD/CHF has been testing channel resistance since the start of the year with price marking bearish divergence into these highs- risk for exhaustion here with U.S. CPI on tap tomorrow.
Monthly-open support rests at 9074 and is backed by the monthly low / 38.2% retracement of the 2022 decline at 9009/26 - broader bullish invalidation now raised to the November high-day close (HDC) at 8941 .
A topside breach above this key hurdle is needed to fuel the next major leg of the advance towards the November 2021 high / August 2022 low at 9374 and the 61.8% retracement of at 9455 - both levels of interest for possible topside exhaustion / price inflection Ife reached.
Bottom line: Risk for a deeper pullback within the September uptrend- looking for support on this pullback ahead of the November highs with a close above 9240 needed to mark uptrend resumption. Published an in-depth breakdown of this setup today on Forex.com .
MB
Swiss franc to outshine euro and pound? Swiss franc to outshine euro and pound?
The recent strengthening of the U.S. dollar could present both opportunities and challenges for European currencies.
In a note to clients on Monday, George Saravelos, Deutsche Bank's global head of FX research, expressed a bearish outlook on both the euro and the British pound. However, he was optimistic about the Swiss franc, anticipating the Swiss National Bank’s pace of easing to slow compared to other central banks.
Meanwhile, the USDCHF moved lower earlier today, with the price falling below its 100-hour moving average. Looking ahead, the upcoming U.S. Consumer Price Index (CPI) report could influence the pair.
The headline CPI is projected to rise to 2.8% in December from 2.7% in the previous month, while the core rate is expected to remain steady at 3.3% during the same period.
Usdchf sell Fundamentally, CHF is showing strong indications of strength, suggesting a potential drop in USD/CHF.
From a technical standpoint, I am already in a short position from the identified supply zone, as the price action aligns with bearish momentum.
This setup is supported by both fundamental and technical confluences, increasing the likelihood of a successful trade.
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MY THOUGHTS FOR USD/CHFUSD/CHF 30M - As you can see I am wanting to see price trade us up and into this fair value gap I have marked out above before trading us lower longer term.
The reason for this is because we have recently seen price trade into a higher timeframe Supply Zone which has encouraged price to then break structure to the downside.
As a result of this, it tells us that the S&D balances in theory should be flipping and we should see the market begin to trade us bearish rather than bullish.
Following the laws of bearish structure we want to see lower highs and lower lows being printed into the market, this is why we want to see price pullback up and into the Supply Zone above, to set a Lower High, this giving us the ability to enter into the market with a refined entry.