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CHFUSD trade ideas
CHF/USD – Rising Wedge Breakdown | Bearish Setup The CHF/USD (Swiss Franc to US Dollar) 15-minute chart is currently displaying a classic Rising Wedge Pattern, which is widely recognized as a bearish reversal pattern. This setup signals weakening bullish momentum and an increased probability of a price breakdown. The chart provides a clear sell trade setup, with key levels including entry, stop loss, and target, making it a structured and well-defined opportunity for traders.
🔹 Key Technical Elements on the Chart
1️⃣ Resistance Level (Sell Zone)
📌 Location: Near 1.1350 – 1.1360
📌 Significance:
This level represents a strong supply zone, meaning sellers have consistently pushed prices down from this area.
Price attempted to break through this zone multiple times but was rejected, reinforcing the bearish outlook.
It serves as the upper boundary of the rising wedge, confirming its role in restricting upward movement.
Traders should be cautious of any false breakouts above this level before confirming a bearish move.
2️⃣ Support Level (Demand Zone)
📌 Location: Near 1.1295 – 1.1305
📌 Significance:
This level has historically acted as a demand zone, where buyers stepped in to push prices back up.
However, the formation of the rising wedge suggests weakening demand at this level.
Once the price breaks below this support zone, it confirms a bearish trend continuation.
3️⃣ Rising Wedge Pattern (Bearish Setup)
📌 Pattern Characteristics:
The rising wedge is a bearish continuation pattern that typically signals an upcoming sell-off.
Price moves inside a narrowing upward-sloping range, where buyers lose strength while sellers gradually gain control.
The lower trendline (dotted black line) has been providing support, but as price struggles near resistance, a breakdown becomes likely.
Once price breaks below the wedge, the pattern confirms a strong bearish move.
📌 Why Is This Important?
This pattern indicates that buyers are losing momentum, and a shift toward bearish control is taking place.
The expected move is a sharp downward breakout, leading to lower price levels.
4️⃣ Trendline Support (Breakdown Confirmation)
📌 Location: The dashed black line below price action
📌 Significance:
This trendline acted as a rising support, keeping price within the wedge.
A clean break below this trendline confirms the bearish breakout.
The breakdown is expected to be followed by increased selling pressure and higher trading volume.
📉 Bearish Trade Setup (Short Position Strategy)
Based on the rising wedge breakdown, traders can consider the following sell trade setup:
✅ Entry Point: Sell below 1.1325 (Confirm breakdown with volume)
✅ Stop Loss: Above 1.1356 (To avoid false breakouts)
✅ Target 1: 1.1295 (First support level)
✅ Target 2: 1.1275 (Deeper downside potential if momentum continues)
🛠 Trade Rationale (Why Take This Trade?)
🔸 Bearish Price Action → Price is rejecting resistance and forming a lower high, signaling weakness in the uptrend.
🔸 Pattern Confirmation → The rising wedge has a high probability of breaking downward, leading to a sharp decline.
🔸 Risk-Reward Ratio → The setup provides a favorable risk-to-reward ratio, as traders can manage risk efficiently by placing a stop loss above resistance.
🔸 Volume Analysis → If selling volume increases upon breakout, the move becomes more reliable.
📊 Market Outlook & Final Thoughts
🔹 Bearish Scenario:
If price breaks below 1.1325, expect a strong decline toward 1.1295 and potentially lower.
A sharp move downward could accelerate selling pressure, targeting 1.1275 in an extended move.
🔹 Bullish Reversal Risk:
If price closes back above 1.1356, the bearish setup is invalidated.
Traders should exit shorts if price reclaims the resistance level.
🚨 Final Verdict: Bearish Breakdown Expected!
📉 Short Setup Activated – Targeting 1.1295 🚀
📊 Watch for Volume Confirmation Before Entering!
Bullish bounce?The Swissie (USD/CHF) has bounced off the pivot which is a pullback support and could rise to the 1st resistance which lines up with the 138.2% Fibonacci extension.
Pivot: 0.8797
1st Support: 0.8759
1st Resistance: 0.8911
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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USD/CHF NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
USDCHF Is Very Bearish! Sell!
Please, check our technical outlook for USDCHF.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.883.
Considering the today's price action, probabilities will be high to see a movement to 0.865.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USD/CHF Market Analysis – Potential Bullish ReversalThe USD/CHF pair is currently in a downtrend, as indicated by the overall bearish price action. However, the chart suggests a potential reversal scenario.
Price is approaching a key H4 demand zone, which previously acted as strong support. If this level holds, a bullish move could be anticipated. The projected market structure indicates a possible pullback before a continuation upwards, aligning with the larger trend shift.
Traders should monitor price reaction within the demand zone, as a break below could indicate further downside continuation, while a strong rejection may confirm a bullish reversal.
USD-CHF Local Short Form Resistance! Sell!
Hello,Traders!
USD-CHF is trading in a
Kind of range consolidating
For a next big move but
Right now we can use the
Moment to trade the local
Range and to short the pair
From the horizontal resistance
Of 0.8855
Sell!
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Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
UC UpdateBoth the USD and CHF are safe-haven currencies, but their behavior depends on global conditions. If uncertainties (e.g., trade issues or economic slowdowns) rise, demand for the CHF could increase, lowering the pair. On the flip side, strong U.S. economic data could lift the USD and the pair
For now let's wait for data to be released
USDCHF INTRADAY sideways ranging capped by 0.8862The USD/CHF price action exhibits bearish sentiment, supported by the prevailing downtrend. The current intraday swing high at 0.8860 serves as a critical trading level, as the pair shows potential for an oversold rally before facing bearish rejection.
Key Levels to Watch:
Key Resistance: 0.8860 (current intraday swing high)
Immediate Support: 0.8760
Lower Support Levels: 0.8720, 0.8680
Upside Resistance Levels: 0.8913, 0.8970
Bearish Scenario:
An oversold rally toward the 0.8860 level, followed by a bearish rejection, could validate the downtrend and target the immediate support at 0.8760. Continued bearish momentum could extend the decline to 0.8720 and ultimately 0.8680 over the longer timeframe.
Bullish Scenario:
A confirmed breakout above the 0.8860 resistance level, accompanied by a daily close above this mark, would negate the bearish outlook. This scenario could trigger further rallies toward the next resistance levels at 0.8913 and 0.8970.
Conclusion:
The prevailing sentiment remains bearish amid the ongoing downtrend. Traders should closely monitor the 0.8860 level for potential bearish rejections or a bullish breakout. A sustained close above this resistance could signal a shift toward bullish momentum, while failure to break above would reinforce the bearish outlook.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
FXAN & Heikin Ashi Trade IdeaOANDA:USDCHF
In this video, I’ll be sharing my analysis of USDCHF, using FXAN's proprietary algo indicators with my unique Heikin Ashi strategy. I’ll walk you through the reasoning behind my trade setup and highlight key areas where I’m anticipating potential opportunities.
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