USDCHF - Range Reactions & Trendline Support HoldingPrice has been moving between a well-defined 1H support at 0.88016 and resistance at 0.88354, creating a clean range for intraday plays.
We recently saw price reject from 1H support, bounce off the ascending trendline, and begin pushing upward with bullish momentum. The MACD is attempting a bullish crossover, indicating possible continuation to the upside.
Trade Idea:
• Bias: Bullish short-term
• Entry: On retest of the ascending trendline or break above 0.88354
• Targets:
• TP1: 0.88354 (range resistance)
• TP2: 0.88600 (previous swing high)
• SL: Below trendline & 1H support (~0.87900)
Alternative Setup:
If price rejects 0.88354 again and breaks below the trendline, a short opportunity could develop back toward 0.88016 or even 0.87892.
Structure to Watch:
• Range: 0.88016–0.88354
• Trendline: Currently acting as dynamic support
• MACD: Watching for crossover confirmation
USDCHF trade ideas
USDCHF Head & Shoulders: 400+ Pip Drop or Fakeout?USDCHF is showing a 131-day head and shoulders pattern, pointing to a possible 434-pip drop if it breaks below 0.8753. Even partial moves offer solid risk-reward, with setups ranging from 3.2 to 5.1. But be cautious—there’s also a chance of a failed pattern with upside potential. Fundamentals could decide the real breakout direction.
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USDCHF: Bullish Continuation is Expected! Here is Why:
The analysis of the USDCHF chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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USDCHF 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
CHF/USD – Double Bottom Reversal Setup - Trading SetupComprehensive Analysis of CHF/USD 4-Hour Chart
The CHF/USD 4-hour chart presents a technical trading setup based on a Double Bottom reversal pattern, combined with trendline support and key resistance levels. This pattern suggests a potential bullish breakout if key resistance is cleared. Below is a professional breakdown of the chart, covering the market structure, pattern formation, and a strategic trading setup.
1️⃣ Market Structure & Trend Analysis
The overall market structure suggests that CHF/USD has been in an uptrend, as indicated by the ascending trendline that has consistently provided support. The price has recently tested a key support zone twice, forming the Double Bottom pattern, which is known for signaling a trend reversal or continuation of an uptrend.
The dashed trendline connecting higher lows confirms the bullish momentum.
As long as the price stays above this trendline support, the bullish bias remains valid.
A break below the trendline would indicate a possible reversal or a deeper retracement.
The most critical observation here is that the price is respecting both the trendline and horizontal support zone, which increases the likelihood of a breakout in the upward direction.
2️⃣ Double Bottom Pattern Formation
The Double Bottom pattern is clearly formed at a strong demand zone, reinforcing the idea that buyers are stepping in to prevent further declines.
The first bottom was formed after a rejection from the 1.1250 - 1.1290 support zone.
The price then attempted to recover but faced resistance at 1.1350 - 1.1400, which now acts as the neckline of the pattern.
The second bottom was formed at approximately the same price level as the first, confirming the validity of the pattern.
A Double Bottom pattern is considered bullish, but confirmation is required through a breakout above the neckline resistance (1.1350 - 1.1400). If the price successfully breaks this level, it will indicate that buyers have regained control and the price is likely to move higher.
3️⃣ Key Support and Resistance Levels
In this setup, there are three crucial price zones: support, resistance, and the target area.
The support zone, located around 1.1250 - 1.1290, is where buyers stepped in to push the price higher. This level is crucial because it provided strong demand during the formation of the Double Bottom.
The resistance level at 1.1350 - 1.1400 serves as the neckline of the pattern. A breakout above this level would confirm the bullish trend continuation, while rejection could lead to another retest of support.
The target area is projected around 1.1500 - 1.1550, based on the measured move of the Double Bottom formation. This is the price level where traders may start taking profits if the bullish breakout occurs.
4️⃣ Trade Execution Plan
To take advantage of this potential setup, traders should focus on three key aspects: entry, stop-loss placement, and take-profit levels.
Entry Strategy
Aggressive traders can enter a long position above 1.1350, anticipating an immediate breakout.
Conservative traders may wait for a break and retest of the 1.1350 - 1.1400 zone, which would act as a confirmation for a sustained bullish move.
Stop-Loss Placement
A logical stop-loss should be set below 1.1138, which is beneath the Double Bottom formation and trendline support.
If the price drops below this level, it would invalidate the bullish setup and signal a potential trend reversal.
Profit Targets
The first target zone lies around 1.1450 - 1.1500, where traders may consider securing partial profits.
The extended target zone is 1.1550, which aligns with the expected measured move of the Double Bottom pattern.
5️⃣ Risk Management & Final Considerations
Since this setup is based on a strong trendline support and bullish pattern, risk management is essential to protect against fake breakouts or sudden trend reversals.
Traders should monitor price action near the 1.1350 - 1.1400 resistance zone. A strong bullish candle closing above this area increases the likelihood of a successful breakout.
If the price fails to break out and starts moving lower, it may indicate that sellers are still in control, which could lead to a deeper correction toward 1.1200 or lower.
6️⃣ Summary & TradingView Idea
This CHF/USD 4-hour chart presents a high-probability bullish setup based on a Double Bottom reversal at a strong support zone. The key confirmation level to watch is 1.1350 - 1.1400, which, if broken, will likely push the price toward 1.1500 - 1.1550.
Entry: Buy above 1.1350 or after a breakout retest.
Stop Loss: Below 1.1138 to avoid false breakouts.
Take Profit: First target at 1.1450 - 1.1500, extended target at 1.1550.
This setup provides a favorable risk-to-reward ratio, making it a strong potential trading opportunity. However, traders should always wait for confirmation signals before entering a position. 🚀
USDCHF FORECAST Q1 FY25It would be embarassing if this dont play
cause imma say it now save yourselves
price will drive higher before the final kaput
as much as we profit from insight we need to discount events that are likely from such
forecasts
i dont like forex but my forecasts area always on point and last years if you doubt ill share them cause they private
like comment follow
Support and ResistanceGood day, traders as we can see in the setup above of usdchf, price has been playing between support and resistance indicated by the red zones.. i am expecting price to sell around the current resistance down to the support. Reason being , sell at resistance buy at support, Downtrend, pair correlation and other technical reasons
UC UpdateBased on today's data from ForexFactory for the USD, the USD/CHF pair is likely to experience a short-term upward movement in the days ahead. Here's why:
Flash Manufacturing PMI: Reported at 52.5, slightly above the forecast of 52.3, indicating stronger-than-expected manufacturing activity.
Flash Services PMI: Came in at 55.3, exceeding the expected 54.8, showing robust growth in the services sector.
These positive PMI figures suggest that the U.S. economy is outperforming expectations, which typically strengthens the USD. As a result, the USD/CHF pair is expected to see a short-term rally in the coming days.
BUY opportunity on USDCHF M15
Please do not trade as my analysis might be incorrect.
I encourage constructive feedback.
If you did trade, make sure the drawing is respected, don't use exact values as they might differ from a broker to another.
Explanations:
MIN - last minimum point
MAX - last maximum point
BOS - break of structure
SMS - shift in market structure
SL - stop loss
TP - take profit
RR - risk reward
OB - order block
OB (15) - order block (based on M15) timeframe
UPDATE ON USD/CHF TRADEUSD/CHF 1H - As you can see this trade is still playing out very well, price has now broken above the previous highs after testing this area of Demand for the second time.
I am now expecting to continue trading us higher and eventually breaking the last higher timeframe high set in the market, by price doing this its confirming longer term bullishness.
This trade is currently running + 36 pips. (+ 2%) 2RR
A big well done to those who got involved in this trade last week, I went ahead and took a partial late last night for the trade leaving just under half my position left open.
If you have any questions with regards to the trade or the analysis behind the trade then please drop me a message or comment below and I will get back to you as soon as possible!
USDCHF oversold bounce back capped at 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.
USDCHF Will Go Down From Resistance! Sell!
Please, check our technical outlook for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.882.
Considering the today's price action, probabilities will be high to see a movement to 0.866.
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.
Like and subscribe and comment my ideas if you enjoy them!
USD/CHF Ready for 92-Pip Bounce After Double Bottom?USD/CHF has been in a steady downtrend, but recent price action suggests a potential shift. A clear double bottom has formed near the 0.8800 level, hinting at strong buyer interest. The pair is now reacting from the 0.786 Fibonacci zone, and with bullish momentum building, it may target the 1.618 extension around 0.8919—about 92 pips higher. If this breakout sustains, further upside toward 0.8950 and above is possible, but failure to break that level could signal continuation of the broader downtrend. This zone is critical—watch closely.
Usd/chf📉 USDCHF Analysis – Sell Setup in Play! 🚀
🔻 The price was rejected from the 0.88400 - 0.88500 resistance zone and is now moving downward.
📍 The key support at 0.88000 - 0.88100 could be the next short-term target for sellers.
⚠️ If this level breaks, further decline toward 0.87700 is possible. Otherwise, a bullish reversal may occur.
🎯 Strategy: Manage the trade with Trailing Stop and monitor price reaction at the support zone.
#USDCHF #Forex #PriceAction #TechnicalAnalysis #Trading