Potential bearish drop?The Swissie (USD/CHF) is rising towards the pivot and could drop to the 1st support.
Pivot: 0.9092
1st Support: 0.9008
1st Resistance: 0.9137
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USDCHF trade ideas
USDCHF 100PIP MOVE TO THE HIGH Current Market Conditions & Entry Setup:
Identify Support Level: Look for a recent key support level or consolidation zone that could act as a strong base for price action. For example, if USDCHF is currently around 0.9300 and has recently bounced off a support at 0.9250, this could be a good level for an entry.
Bullish Trend: Confirm that the pair is in a short-term bullish trend, ideally confirmed by upward price action, higher highs, and higher lows.
Candlestick Patterns: Look for bullish candlestick patterns (e.g., bullish engulfing, hammer) around support zones that suggest a strong upward move is about to take place.
2. Technical Indicators:
RSI: If the RSI is around 50-60, this suggests that there is still room for an upward move without the pair being overbought.
Moving Averages: Ensure that the price is trading above short-term moving averages (e.g., 20-period or 50-period MA) to confirm bullish sentiment.
MACD: A bullish MACD crossover (when the MACD line crosses above the signal line) would add further confirmation for a bullish entry.
Bearish drop?USD/CHF has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.9093
Why we like it:
There is a pullback resistance level.
Stop loss: 0.9138
Why we like it:
There is a pullback resistance level.
Take profit: 0.9022
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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USD/CHF - 21.01.25DISCLAIMER:
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
USDCHF LONGMarket structure bullish on HTFs 3
Entry at Weekly and Daily AOi
Weekly rejection at the AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 0.91000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 5.35
Entry 110%
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End of stagnation- FALLThe USD has been marginally weaker recently due to lower than expected US inflation figures last week that sent Treasury yields lower and made the market to price in higher chances of a second rate cut by the end of the year.
I am bearish on this pair and hope to see this play out.
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USDCHF: Bearish Reversal Confirmed?! 🇺🇸🇨🇭
One of the setups that we discussed on a today live stream was on USDCHF.
The price violated both a neckline of an inverted cup & handle pattern
and a support line of a rising parallel channel on a daily.
The broken horizontal support and a trend line compose
the expanding supply zone now.
With a high probability, the price will drop from that at least to 0.9047 level.
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USDCHF H4 Projection!Price breaks the trend line and closes below. Now, the price retests the trendline and pushes down sharply with an FVG (fair value gap). We expect the rice to mitigate the FVG and then decline further. So initiate short positions partially near the supply and FVG zone after finding a bearish price action structure.
USDCHFUSDCHF price is in an uptrend, currently in a correction phase. If the price can stay above 0.90245, it is likely to rebound. Consider buying in the red zone.
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Potential bearish drop?The Swissie (USD/CHF) has reacted off the pivot which acts as a pullback resistance and could drop to the 61.8% Fibonacci support.
Pivot: 0.9093
1st Support: 0.9012
1st Resistance: 0.9152
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SELL USDCHF - Dollar reaction to Trump inauguration Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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USDCHF H4 I Bearish ContinuationBased on the H4 chart, the price is approaching our sell entry level at 0.91028, which is a pullback resistance. This level is expected to act as a potential reversal point in the bearish setup.
Our take profit is set at 0.90254, aligning with the 161.8% Fibonacci extension, marking a significant support level and logical target for the trade.
The stop loss is set at 0.91831, above the recent swing high, providing room for price fluctuations while protecting against invalidation of the 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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USDCHF Wave Analysis 20 January 2025
- USDCHF reversed from the resistance zone
- Likely to fall to support level 0.9000
USDCHF currency pair recently reversed from the resistance zone located between the key multi-month resistance level 0.9185 (which stopped the daily uptrend last April), the resistance trendline of the daily up channel from September and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Evening Star, which stopped the previous sharp upward impulse sequence (C) from December.
USDCHF currency pair can be expected to fall to the next round support level 0.9000, the former resistance from December.
USDCHF - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCHF has been bullish trading within the rising channel in orange.
Currently, USDCHF is approaching the upper bound of the channel.
Moreover, the blue zone is a strong resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline.
📚 As per my trading style:
As #USDCHF is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF, follow the current trendOANDA:USDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous weeklyrange.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Macro high.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo