USDCHF trade ideas
USDCHF The 5 EMA crossing above the 20 EMA confirms a continuation trade, signaling sustained bullish momentum. Meanwhile, the Chikou Span (Lagging Span) is far from price and positioned above the Kumo Cloud, reinforcing a strong uptrend. Williams %R is in my buy zone, indicating favorable momentum, while Money Flow Index (MFI) is positive, confirming institutional buying pressure. With all key indicators aligned, I confidently enter the trade, targeting the next resistance level while managing risk accordingly. 🚀📈
Bearish reversal?USD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 71% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9138
Why we like it:
There is a pullback resistance that lines up with the 71% Fibonacci retracement.
Stop loss: 0.9200
Why we like it:
There is a pullback resistance level.
Take profit: 0.9062
Why we like it:
There is a pullback support level.
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USD/CHF - Weekly Outlook Welcome traders.
USD/CHF is gifting us with some very nice clean Market Structure. Not to speak to soon but let me explain my theory..
Higher TF shows we are close to a supply zone. Price has multiple times pushed price down for a big sell off 3 times now.. except we haven't seen a Higher TF Liquidity Sweep. This to me tells me we still are Bullish and need to have a large Bullish movement to close off above the Buy side Liquidity to claim. Price has also failed twice now to break Structure to the sell side in theory telling me buyers are still currently in control
4H- This TF shows in more details the amount of Liquidity sitting higher and that second Line is where I would like to close above before seeing any signs of a reversal.
Recently price has had a CHoCH and we are now looking for our Buy setup. Price has had a confident run before market Closure leaving behind Imbalance to fill.
I see two Demand zones 1 being within a 1H TF and the second being deeper in this Daily Range. Price needs to return to the Discount zone. As noted I will be looking for strong Buys once price has made 15-30 Bullish CHoCH once we have returned back into the Imbalance
Good Luck to all the traders that decide to follow and be sure to comment to share your thoughts
USDCHF Wave Analysis – 7 February 2025
- USDCHF reversed from support zone
- Likely to rise to resistance level 0.9185
USDCHF currency pair recently reversed up from the support zone between the round support level 0.9000 (which also stopped the previous correction (2)), lower daily Bollinger Band and the support trendline from December.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Piercing Line.
Given the clear daily uptrend, USDCHF currency pair can be expected to rise to the next resistance level 0.9185 (which has been reversing the price from May of 2024, as can be seen below).
UsdChf sell Insight Maybe not today maybe it is going to be the coming week. I'll be patiently waiting for price to come to my point of interest at 0.91062 to short this pair.
I select that zone due to wanting to sell at the Premium zone. I might get tagged or not doesn't matter.
Kindly boost of you find this insightful 🫴
USD-CHF Bullish Bias! Buy!
Hello,Traders!
USD-CHF is trading in an
Uptrend and the pair just
Made a rebound from the
Round horizontal support
Level of 0.9000 so we are
Bullish biased and we will
Be expecting some
Further growth
Buy!
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Bearish drop?The Swissie (USD/CHF) is rising towards the pivot and could drop to the 1st support.
Pivot: 0.9080
1st Support: 0.9011
1st Resistance: 0.9151
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USDCHF H4 | Falling from the 38.2% Fibo?Based on the H4 chart, the price is approaching our sell entry level at 0.90806, which aligns with a pullback resistance and the 38.2% Fibonacci retracement level. This level is expected to act as a potential reversal point for a bearish move.
Take profit at 0.90253, where buyers may step in near a previous demand zone.
The stop loss is at 0.91282, slightly above the 61.8% Fibonacci retracement, providing a stop-loss level that allows room for price fluctuations while maintaining a bearish bias.
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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.
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Bearish reversal off 38.2% Fibonacci retracement?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9081
Why we like it:
There is a pullback resistance that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.9148
Why we like it:
There is a pullback resistance that lines up with the 78.6% Fibonacci retracement.
Take profit: 0.9008
Why we like it:
There is an overlap support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
BEARISH APPROACHThe below is just my view take it with a grain of salt and trade responsibly.
CHF performance has been gradually increasing over the month
Price has reduced momentum to the upside and using the Elliot wave theory we may see a potential retracement
The current volume activity could be one of supply kicking in. Nothing fancy to go about according to me