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Technically Speaking Cross blew through previous high prints before encountering selling pressure before parity. The R/R favors a short position in my opinion. I am personally short this pair. Looking for a move back down toward 98.
USDCHF is currently in a monthly support zone and is respecting the trend lines which keep driving price down .. we are looking to go short on this pair once it passes the resistance and comes back down across it to make its bearish move ..
While below 0.9650 USDCHF still has more downside opened all the way to 0.9300
Below 0.9580 there is a space for extended weakness all the way to 0.9460
Hi guys, It is hourly chart and made a correction pattern. If you look at daily chart, the price has reached the support line of the channel.
Hi traders, On the daily USDCHF I am looking for a short entry at parity. My main reasons: Trendline is around that area 61.8% Fibonacci retracement Completed AB=CD pattern Major psychological number at 1 Entry: 0.99986 Stop: 1.01089 Target: 0.98250 = R:RR 1.58 Updates will follow. Good luck!
Hi traders, On the H1 USDCHF we can see a potential bat pattern forming. Completion of this pattern will be at 0.988. From there I will enter my short position. It's about 28 pip SL. Entry: 0.98800 Stop: 0.99078 Target 1: 0.98437 = R:RR 1.3 Target 2: 0.98153 = R:RR 2.3 Will keep this updated as time progresses. Best of luck!
USDCHF long 0,9550, TP 0,9610 SL 0,9510 the rise has been completed
Correction pattern is starting to see support. Sentiment is negative which leads me to be very Bullish.
Hi all, On the USDCHF we have a long entry between the 0.95 and 0.96. Reasons? 1. The previous red trendline was broken and will make a retest at that point 2. The blue trendline is drawn there 3. The red gartley pattern will be completed at the 88.6 fib 4. There is clear previous support & resistance at those levels Targets are 0.98 and 1.01 Best of luck!
Expected scenario Long USDCHF, stop 0.9520, target 0.9680. 8-hour timeframe Hourly timeframe 30-minute timeframe *Once USDCHF slides below 0.9520 wave count should be reconsidered.