A Quick Review Of USDCHF ChartLet's Look at USDCHF Chart in All Scales and Prepare for a Profitable Week, Good Luck With Your Trades :D
USDCHF trade ideas
USDCHF Pattern FormationThis price has been forming a falling flag for the past few weeks which IMO it is a strong indicator of a long bullish momentum.
As for the now, the price seems to be at major market zone, at 0.883 - 0.885, hence we are waiting for;
1. If the price breaks out and closes above 0.886, the bullish momentum might continue.
2. If the price fails to break out of that zone, it will continue with the bearish momentum and completing the pattern where the target is 0.857
BUY ON USDCHFVery clear head and shoulders being formed on the 15 - 30 minute time frame. might be risky but i say buy
LOOKING FOR SHORTS ON THIS MARKETUSD/CHF 15M - This is a market I am looking to actually take part in very soon, especially now we have had the break of structure we wanted fractally. This gives us the confirmation that enough supply is in the market to see it trade lower.
From here I would like to see price pullback a little but up and into the last buy to sell region and from there I’ll be looking to trade price lower, giving us the ability to profit from the down move.
Prior to this we have seen price trade up and into areas of supply and break structure to the downside, doing this repeatedly as we go lower and lower on timeframes. This trade stems from a break in an area that was considered a Demand zone.
So what we are seeing now is price actually come to test this area before price goes on to trade us lower, this is a typical break and retest trade, the trade below is something we can look at taking...
USD/CHF - Daily AnalysisPrice is moving within a bearish channel. At the close of last week, price was retesting the broken 0.8840 level. Watch price how reacts here. There is potential for further downside. However, a daily close back above would suggest a false break.
Is USDCHF going down?!?Hello traders let's analyze USDCHF using Price action.
What we have here is a downtrend in which we want to join.
Marking out the lows of this trend we can see that we are retracing to the previous low, the level we are retracing to has shown significant value as indicated in the IMG.
Taking it further to 1H we can see a flag triangle pattern here which will tell us when to enter, it is very important to enter after a clear break and retest.
RETEST OF PREVIOUS HIGH
CHART PATTERN
USDCHFWith the weakening in CHF, a bullish movement is envisaged before the news on Friday, which may change the direction to the opposite side.
USDCHF SHORTAs the DXY continues to lose strength pairs like USDCHF will continue to move to the downside. I have observed a bearish triangle formation on the 2HR timeframe. Price has made its way back to a previous support zone. I believe it will act as a resistance and push the pair lower.
USD/CHF SELL IDEA4HR SELL IDEA
Price reacting to weekly demand zone
4hr supply zone and downtrend established
entry at 4hr order block for continuation to downside $
USDCHF Short on 15 m15 m picture is more clear. May be sold at the breakout. Refer 1 H for broader scenario.
USDCHF Bearish BiasMarket reached 382 level at 1 H leg and patterns are in the making for reversal. Be careful as last two legs were reversed at 618 level. 15 min should be consulted for deeper conversation with the chart.
Lingrid | USDCHF short from RESISTANCE zoneThe price perfectly fulfills my previous idea. FX:USDCHF has broken through key support levels and a range zone, which led to an impulsive leg down. Breaking the resistance zone suggests that the price may continue to decline. Given the current downtrend, I expect the price to either fall from this resistance or potentially enter a range, as the market has showed a lot of bearish movement recently. My target is the support level near 0.88050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDCHF Is Approaching a decent resistanceHey Traders, in the coming week we are monitoring USDCHF for a selling opportunity around 0.88800 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88800 support and resistance area.
Trade safe, Joe.
USDCHF - Short from trendline !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to fill the imbalance higher and then to reject from trendline + liquidity zone + institutional big figure 0.89000.
Fundamental news: Next week is full of news for USD, on Wednesday (GMT+3) we have Interest Rate and FOMC and on Friday (GMT+3) we have NFP and Unemployment. News with high impact on currency.
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Some sketch thoughts of USDCHFUSDCHF pair, 4H and 1D where sellers gonna take control of the market to 0.87946
USDCHF Weekly Analysis and OutlookUSDCHF Weekly Analysis and Outlook
This week, the USDCHF pair has shown a strong downward trajectory, closing in a bearish continuation phase. This downward momentum indicates a negative sentiment among traders, suggesting further potential for decline.
Current Market Overview:
The pair has been steadily moving downwards, supported by unfavorable market conditions and bearish sentiment. As it approaches a key resistance zone, traders should closely monitor the price action. A successful rejection at this resistance would likely confirm the continuation of the bearish trend.
Expectations and Potential Scenarios:
Upon retesting the resistance zone, we anticipate that the USDCHF will continue its downward momentum. This rejection could open the door to lower levels, offering traders potential opportunities to capitalize on the bearish trend.
Primary Expectation: If the resistance holds, the price is likely to sustain its downward movement, potentially targeting lower support levels. This scenario would reinforce the bearish outlook, making it a favorable environment for short positions.
Alternative Scenario: However, if the price breaks through the resistance, a temporary pullback could occur. Traders should be prepared for this scenario, as it might provide opportunities to reassess entry points at higher levels before resuming the downward trend.
Conclusion:
In summary, the USDCHF pair is poised for further downward movement following its recent bearish phase. Traders should watch for a decisive rejection at the resistance zone, which could serve as a catalyst for continued declines. Maintaining awareness of both bearish and corrective scenarios will be crucial for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
USD/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
USD/CHF pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 0.892 area.
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New York Session Recap - AUDUSD, NZDUSD, USDCAD, NAS100Lots of movement in New York session. Took 3 trades on Forex and 1 on NAS.
Technical Analysis of the USD/CHF Weekly Analysis (W30)
Strategy: Short and Long Positions
1. Short Position:
Entry Point: Sell when the price reaches a level near the upper boundary and a downward trend is anticipated.
Target: Reach the lower support levels between 1.0 and 1.2 (or 1.3).
Stop-Loss: If the price breaks above the red line (a critical resistance level) to minimize potential losses.
2. Observation and Evaluation:
Red Line: Represents a critical resistance level. A break above it could indicate a trend reversal or a significant correction.
No Trades: If the red line is breached, no new positions will be opened. The price movement will be observed to determine if it is a short-term correction or a long-term trend reversal.
3. Long Position:
Entry Point: After reaching the support levels (1.0 to 1.2 or 1.3), a buy will be considered once an upward trend is confirmed.
Target: The upper boundary at 2.0.
Hold Position: The long position will be held until the upper boundary is reached.
Summary:
The strategy initially involves opening a short position and profiting from an expected drop to the support levels at 1.0 to 1.2 (or 1.3). If the price breaks the red line, no new positions will be opened, as this could indicate a trend reversal or a short-term correction. After reaching the support levels and confirming an upward trend, a long position will be opened and held until the upper boundary at 2.0 is reached.
USDCHF_2024-07-26 NYK 4hOB News (Price Index)Imagine you always took profits at 10-15 pips.
Easy right?
(most of our trades reach 10 pips profit.
The action of taking profit, no matter how small, would grow the account by default.
DONT MAKE THIS MISTAKE!Last night I was in a bit of a hurry while placing my trade and forgot to add my stop. I usually have a checklist I go thru. I will always be transparent with all the trades I post whether I win or lose or just plain have a forgetful moment. Happy trading!
if you wanna scalp this with methe higher tf bias is very much bullish but as for now... Then we buy when it gets to that grey zone
