Long Setup USDCHF👋Hello Traders,
Our 🖥️ AI system detected that there is an H1 timeframe ICT Long setup in
USDCHF for session trade (a couple of Hours)
Cup and Handle Breakout!
Here is a session trade idea Sell limit order level for reference, TP and SL in pips
Cancel limit order before any great news in Forex.
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USDCHF trade ideas
USDCHF TRADE IDEA : LONG | BUY (23/01/25)Price has already tapped in. I’d look for a clear entry before entering. However this is clear - price did not break aggressively on the way down - rather up.
I’m expecting a buy with ≈ RR: 2.5
N.B.: This is not financial advice. Trade safely and with caution.
Bearish drop?USD/CHF is reacting off the resistance level which is an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9099
Why we like it:
There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.9152
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
Take profit: 0.9008
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
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23-1 USDCHF:the pair is in an upward movement and lags other USD pairs. It has fallen in the past few days but is now finding its way up again. Our signal system is neutral but with a Score of 3 which is made up of Cot Data 2, Retail sentiment 0, Seasonality -1, Trend reading -2,
GDP 1, Manufacturing PMI 1, Services PMI 0,
Retail Sales 0, Inflation 0, Employment Change 0, Unemployment Rate 2, Interest Rates 0. Here you can see that only the seasonal pattern and the trend are positive but the rest is positive. We executed a buy at 0.907.
USDCHFThis chart represents the USD/CHF currency pair on a 1-hour timeframe, likely focused on a technical analysis setup.
Key Elements in the Chart:
1. Downtrend Channel
- The pair has been moving within a downward sloping channel, marked by the two parallel blue lines.
- The price consistently formed lower highs and lower lows within the channel, signaling a bearish trend.
2. Breakout Attempt
- The price recently broke above the upper boundary of the downtrend channel. This is typically a bullish signal indicating a potential trend reversal or correction.
3. Target Level
- A horizontal blue line is drawn at 0.91524, suggesting this is the target or resistance level for the breakout. This could represent a key level where sellers might step in.
4. Arrows
- The upward arrow indicates an expectation of further upward movement towards the 0.91524 level.
- This suggests a bullish bias, with the analyst predicting the price to continue rising after the breakout.
5. *Support and Resistance Levels
- The recent low of 0.90326 is marked as a support level.
- The high at 0.91524 is highlighted as a potential resistance level.
Conclusion:
The chart indicates that the USD/CHF pair has broken out of a descending channel, signaling potential bullish momentum. Traders might look for confirmation of the breakout and target the resistance at 0.91524, while keeping an eye on the support at 0.90326 to manage risk.
USDCHF - Looking for a Weaker Dollar?!The USDCHF pair is trading in its ascending channel on the 4-hour timeframe, between the EMA200 and EMA50. In case of a downward correction towards the demand zones, the next long positions in this pair with a good risk-reward ratio will be available for us.
Morgan Stanley Investment Bank anticipates that the Federal Reserve will keep interest rates unchanged at its January meeting but is expected to revise its assessment of labor market conditions. Jerome Powell, the Fed Chair, is likely to emphasize the reliance on data and prevailing uncertainties while keeping the option for a rate cut in March on the table.
Morgan Stanley analysts predict that the Fed may revise its description of the labor market from “cooling” to “stable.” This shift reflects recent employment data trends, which have demonstrated consistency over the past 6 to 9 months.
According to Morgan Stanley, Powell is expected to reiterate ongoing progress in reducing inflation, highlighting that monetary policy remains appropriately restrictive. Furthermore, the Fed is likely to delve deeper into balance sheet policies and may signal that the process of balance sheet reduction could soon conclude. Meanwhile, Sergio Ermotti, CEO of UBS, has warned that high government debt could lead to a major crisis.
Goldman Sachs, in its analysis of President Donald Trump’s inaugural policy statements, noted that his tariff policies appeared softer than initially expected and currently carry less priority than previously anticipated.
The firm also observed that Trump’s rhetoric regarding Mexico and Canada was more aggressive than projected. Goldman Sachs concluded that the likelihood of a global U.S. tariff on all import sectors this year has diminished, thereby reducing the risk of reigniting inflationary pressures.
David Solomon, CEO of Goldman Sachs, stated that as the new U.S. administration begins its term, the country’s economy appears to be in excellent shape. He also highlighted that key questions regarding tariffs pertain to their speed of implementation and targeted countries. Solomon remarked that tariffs would ultimately lead to a rebalancing of trade agreements over time and that trade policies would directly influence interest rate equilibrium.
On the other hand, Thomas Schlegel, the president of the Swiss National Bank, stated that the Swiss franc remains a safe haven asset in global markets, although trade disputes have adverse implications for Switzerland’s economy. He also emphasized that there is no current concern regarding inflation, which remains within the bank’s target range and aligned with cyclical forecasts. Schlegel further mentioned that the possibility of employing negative interest rates cannot be ruled out.
USDCHF 23/01/2025USDCHF update: Yesterday, we didn’t get the break below 0.90410 that we were looking for, but the 4H structure remains bearish. The pair is still creating lower highs and lower lows, with price currently sitting around the lower high region near 0.90685.
The bearish bias remains intact, but given how tricky this pair has been recently, it’s essential to wait for a clear break and 4H close below 0.90410 for confirmation before considering further downside. Adding to this bias is a potential head and shoulders pattern starting to form, which provides additional confluence for a bearish move.
Patience is key here to avoid being caught in false breaks. Let’s see how price reacts at these levels! #USDCHF #ForexAnalysis
Falling towards overlap support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 0.9011
1st Support: 0.8957
1st Resistance: 0.9104
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USDCHF H4 | Bullish Rise Based on the H4 chart, the price is approaching our buy entry level at 0.9008, which aligns with an overlap support level and the 161.8% Fibonacci extension. This level is expected to act as a potential reversal point in the bullish setup.
Our take profit is set at 0.9091, near a key resistance level where price may face selling pressure.
The stop loss is placed at 0.8946, below the 127.2% Fibonacci extension, providing room for price fluctuations while ensuring the bullish setup remains valid.
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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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USDCHF Breaks Ascending Channel – Bearish Move ExpectedThe USDCHF pair has broken below an ascending channel, signaling a shift in momentum. If the price will retest the zone at 0.91200, which previously served as channel support, this area may now act as resistance, aligning with a potential bearish continuation.
The market structure suggests further downside if the rejection holds at the current levels. I anticipate that the price will move downward toward the 0.90276 level, which represents a logical target for this setup.
This setup aligns with the idea of a trend reversal after a channel break, offering a shorting opportunity on rejection from resistance.
Analyzing USDCHF Using Support and ResistanceUSDCHF (US Dollar vs. Swiss Franc) is currently trading at 0.904, with a target price of 0.890, indicating a bearish outlook. This presents a potential gain of 100+ pips if the target level is achieved. The analysis is based on a support and resistance pattern, suggesting that the current price is below a key resistance level, which acts as a barrier to upward movement. The next support level is identified at the target price of 0.890, where the price is expected to stabilize or reverse. This implies a short-selling opportunity to profit from the anticipated price drop. The strategy assumes the price will continue its downward trend without breaking above the resistance level. Traders should closely monitor the price action near the resistance and support levels for confirmation. Effective risk management is crucial to account for potential price rebounds. The setup is ideal for technical traders focusing on price action and key levels. This plan is aligned with the overall market trend, reinforcing its validity.
FINAL UPDATE ON USD/CHFUSD/CHF 30M - As you can see price is approaching our TP target for the trade we sent out last week on this pair, what a trade this was, it has played out perfectly for us over the course of the last few days.
With me putting a-lot of energy into this challenge I have been recording and journaling I forgot to post the re-entry opportunity for you all. No excuse really and apologise for that as it was something I promised.
This trade is currently running + 138 pips. (+ 7%) 7RR
So with that being said people I am going to take a step away from this personal 20k-100k journey and put full focus back into the chat as thats whats important to me, seeing you guys succeed, this benefits me also don't worry.
A big well done to anyone who held the original position from last week and anyone who managed to get a re-entry on the market, any questions drop me a message or comment below!