Chf
USDCHF is approaching a significant resistance areaHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.89450 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89450 support and resistance area.
Trade safe, Joe.
ICT Short setup GBPCHF, session trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPCHF for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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USD/CHF has a strong bearish momentum, could it fall further?Price is rising towards a resistance level which is an overlap resistance that is slightly below the 50% Fibonacci retracement and could reverse to our take profit.
Entry: 0.8998
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 0.9061
Why we like it:
There is a pullback resistance level.
Take profit: 0.8888
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Heading into an overlap resistance, could it reverse from here?NZD/CHF is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 0.55294
1st Support: 0.54666
1st Resistance: 0.55747
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.
Heading into 50% Fibonacci resistance?USD/CHF is rising towards a resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8998
Why we like it:
There is a pullback resistance level which is slightly below the 50% Fibonacci retracement.
Stop loss: 0.9093
Why we like it:
There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.8888
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 175.24
Target Levels:
1st Resistance – 175.82
2nd Resistance – 176.10
Stop-Loss: To manage risk, place a stop-loss order below 174.50. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
EURCHF:Key Level and Political RisksHello Traders,
In today's trading session, we're closely monitoring EUR/CHF for a potential selling opportunity around the 0.96500 zone. The pair had been in an uptrend but recently broke out of it and is now in a correction phase. It is approaching the 0.96500 area, which serves as both a support and resistance level.
Adding to the EUR's challenges, the recent EU parliamentary elections in France resulted in a significant majority for a far-right candidate, historically known for advocating France's exit from the EU. This outcome is detrimental to the EUR. Additionally, President Macron has called for an early French election, which exacerbates political instability and poses further risks to the EUR.
Trade safe, Joe.
Heading into 38.2% Fibonacci resistance?USD/CHF is rising towards the pivot and could potentially to the pullback support level.
Pivot: 0.8989
1st Support: 0.8883
1st Resistance: 0.9059
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.
USDCHF to breakdown?USDCHF - Intraday
We look for losses to be extended today.
There is no clear indication that the downward move is coming to an end.
Short term momentum is bearish.
0.8884 has been pivotal.
A break of the recent low at 0.8883 should result in a further move lower.
We look to Sell a break of 0.8879 (stop at 0.8907)
Our profit targets will be 0.8809 and 0.8789
Resistance: 0.8900 / 0.8920 / 0.8948
Support: 0.8883 / 0.8860 / 0.8840
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Sell USD/CHF Bearish PennantThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8915, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8862
2nd Support – 0.8825
Stop-Loss: To manage risk, place a stop-loss order above 0.8970. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
AUDCHF Bottom of Channel Up. Buy opportunity.The AUDCHF pair gave us a solid sell signal last time (April 05, see chart below) but then broke above and established a Channel Up:
The price is now at the bottom (Higher Lows trend-line) of that Channel Up, below the 1D MA50 (blue trend-line), calling for a short-term buy amidst the start of the next Bullish Leg. On top of that, the RSI is approaching its 1-year Support Zone, which every time it was touched, the price rallied by at least +4.50%.
As a result, we remain bullish as long as the 1D MA200 (orange trend-line) is intact and attempt a first buy now, targeting 0.61750 (+4.50%).
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Trade Like A Sniper - Episode 14 - CHFJPY - (4th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing CHFJPY, starting from the 12-Month chart.
- R2F
Bullish rise?GBP/CHF has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 1.14442
1st Support: 1.14112
1st Resistance: 1.15118
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.
GBPCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bullish, trading within the rising channel in blue.
At present, GBPCHF is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong support marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #GBPCHF approaches the circle zone, I will be looking for bullish reversal setups (like a double bottom 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
SELL TRADE SETUP ON USDCHFHey Trader,
Check out this analysis on USDCHF.
A long entry plan is best above the intraday support area (leading to the range continuation).
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
Bullish bounce off pullback support?USD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance.
Pivot: 0.8988
1st Support: 0.8918
1st Resistance: 0.9094
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.
R2F Weekly Analysis - 1st June 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
If you are lazy to watch the video, which is your loss as you will miss how I analyse the market:
We are at a new month, the month of June. I am still monitoring how the DXY acts this month to validate the monthly SIBI I've been talking about to turn into an iFVG. However, on the lower timeframes it looks very much like lower prices are in the making, which would be bullish for XXXUSD pairs and vice versa for USDXXX pairs.
- R2F
GBPCHF to catch a falling knife?GBPCHF - 24h expiry
We are trading at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
The hourly chart technicals suggests further downside before the uptrend returns.
Previous resistance at 1.1513 now becomes support.
We look to buy dips.
We look to Buy at 1.1513 (stop at 1.1473)
Our profit targets will be 1.1613 and 1.1633
Resistance: 1.1675 / 1.1820 / 1.1890
Support: 1.1480 / 1.1370 / 1.1300
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Falling towards 50% Fibonacci support?GBP/CHF is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.15106
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 1.14031
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 1.16712
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF: Borderline but still bullish on 1D.USDCHF is borderline bullish on its 1D technical outlook (RSI = 57.216, MACD = 0.002, ADX = 24.748) but still inside the 2024 Channel Up. As long as the 1D MA50 supports, we will stay bullish along with the trend, especially since the 1D MACD formed another Bullish Cross. Despite the presence of the R1 level, the bullish waves of the Channel Up have been clear and dominant. The current one targets the R2 level but we pursue a more modest target (TP = 0.9300).
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EURCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCHF has been overall bearish, trading within the falling wedge in red.
At present, EURCHF is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper red trendline.
📚 As per my trading style:
As #EURCHF approaches the 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
AUD/CHF has a strong bullish momentum, could it rise further?Price is falling towards the pivot and could potentially bounce to the 1st resistance.
Pivot: 0.60381
1st Support: 0.60163
1st Resistance: 0.60982
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.