Price has broken the ascending TL and now making a corrective structure looking for short/sell opportunity on this pair
USDCHF has broken an ascending triangle structure on the monthly timeframe and we could potentially see price test the bottom of this structure at .71 level On the Daily TF, price is creating LL and LH and has broken a daily support at 0.945 and came back to retest it as newfound resistence. With the Stoch RSI at the overbought end of the spectrum provides the...
Looking for this bearish wave on this pair Best of luck
Everything mentioned in the chart Best of luck
Everything mentioned in the chart Best of luck
Hey guys, Let me wish you all the best to come and a year full of success! USD/CHF has been really under pressure lately and I am looking to buy it again. We broke a trend line on H1 and it seems that we have a higher low in place. The idea is to buy the pair if it breaks 0.97300 again to the upside. My targets will be the fib levels as shown in my...
Sell below 0.9898. Stop loss at 0.9925. Take profit at 0.9843. Reason for the trading strategy (technically): Price has been testing our selling area forming even more divergence. We remain bearish below major resistance at 0.9898 (descending resistance, horizontal overlap resistance, Fibonacci retracement, bearish divergence) and we expect to see a strong drop...
This is how i think the USDCHF will grow. What is your opinion?
A lot of news coming in right at a crucial time for the USDCHF. I see the more likely outcome to be that the bullish trend continuous and established itself above the 0.97532 resistance, then there will be a rather good long position if it holds up to our next resistance at 0.98618. Waiting to see once we hit that 0.97937 (green mark) for a quick gain.
Descending wedge at critical area, bounce back to resistance. PT as described. GL.
Bulls are back in control after restest on the support level of 0.961 It might go back to restest resistant of 0.976 level. I am cautiously Bullish now. Trade Safe, S0nic Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable...
In both cases, we could have an upward price moment in the coming week, but...
Sup guys ! Here is a nice long opportunity on the usd/chf ! ( 1000 pips :O ) - Retest of the monthly trendline ( watch for price action ) - Current uptride - Triangle pattern & custom fit stochastic ( to be oversold ) - Fib 50% based on 2 year min/max - Pivot S3 ( monthly ) - lot of trendlines Good luck ! Follow for more
Strong area of support coming up... Not the best setup in the world/ we will see how it plays out!