buy chfjpy
Breakdown of its corrective downtrend and break the previous peak, the target of the previous peak and close to the pivot
Chf
Potential bearish drop?USD/CHF has reacted off the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 0.9151
1st Support: 0.9094
1st Resistance: 0.9213
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.
AUDCHF-Harmonic Pattern at Key Resistance Hints Bearish ReversalAUD/CHF is exhibiting a harmonic pattern, suggesting a potential reversal point. This bearish signal gains significant weight as Point D of the pattern, also known as the Potential Reversal Zone (PRZ), coincides with a key resistance level. This confluence of technical indicators strengthens the possibility of a bearish breakout.
Key Levels:
Point D (PRZ): 0.60840 - This is the critical level where the harmonic pattern suggests a potential trend reversal.
Key Resistance: 0.60840 (coincides with Point D) - Price encountering resistance at this level reinforces the bearish bias.
Trading Strategy:
Based on the harmonic pattern and resistance confluence, a short position on AUD/CHF appears attractive.
Entry: Short entry can be initiated at the break below 0.60840, which confirms the bearish breakout from the pattern and resistance zone.
Stop Loss (SL): A stop loss can be placed above the recent swing high or just above the broken support level (0.61002) to limit potential losses in case of a false breakout.
Take Profit (TP):
Three potential take profit levels are identified:
TP-1: 0.60690
TP-2: 0.60534
TP-3: 0.60378
Risk Management:
Always prioritize risk management. The chosen stop loss should limit potential downside, while take profit targets should align with your risk-reward ratio. Consider taking partial profits at TP-1 and TP-2 to secure some gains while leaving a trailing stop loss to capture further downside if the move continues.
Disclaimer:
This analysis is for informational purposes only and should not be considered as investment advice. Conduct your own research and due diligence before making any trading decisions.
CHFJPY Sell opportunity.The CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level.
Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the short-term on CHFJPY, targetng 169.000 (1D MA200).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Buy USDCHF Triangle BreakoutThe USD/CHF 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 0.9150
Target Levels:
1st Resistance – 0.9178
2nd Resistance – 0.9191
Stop-Loss: To manage risk, place a stop-loss order below 0.9125. 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.
Potential bearish drop?EUR/CHF has reacted off a resistance level which aligns with the 161.8% Fibonacci extension and could potentially drop to our take profit.
Entry: 0.99127
Why we like it:
There is a resistance level which aligns with the 161.8% Fibonacci extension.
Stop loss: 0.99534
Why we like it:
There is a pullback resistance level.
Take profit: 0.98315
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
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.
EURCHF Sell signal at the top of Channel Down.The EURCHF pair has been trading within a long-term Channel Down since the September 26 2022 Low. Today it hit the 1.5 Fibonacci extension level which on January 13 2023 formed the last Lower High at the top of the Channel Down.
As a result, this is the first long-term sell signal that has emerged since that date. We want to keep a safer, short-term perspective though and will only short towards the bottom of the current Channel Up (which is the Bullish Leg of the long-term Channel Down) and target 0.977500.
If then EURCHF closes a 1W candle below the Channel Up, we will re-sell and target Support 1 at 0.95700, similar to the March 13 2023 Low.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Riding the Trend on CH20CHFBought as I recognised the strong moving trend of CH20CHF trending on the 6EMA discounted price zone.
Despite multiple small "sellers" selling, price continued to trend upwards, and strongly.
Currently the buyers want the CH20CHF, so I bought some too, in hopes of selling to the next Big Boy Buyer.
Both TP at 1R. It isn't exactly 1R for me in terms of dollars(SGD), its more of like 1R = 28$ +- SGD, and it is fine.
1418SGT
21052024
USDCHF: USD is weakening against the classic safe havensHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.91000 zone, USDCHF was trading in an uptrend and successfully managed to break it out, currently is in a correction phase in which it is approaching the retrace area at 0.91000 support and resistance area.
Fundamentally there is a decent between USD and CHF talking about the macro fundamentals, USD is weakening with the current inflation progress in the US and CHF is considered a safe haven asset in time of uncertainties in the market.
Trade safe, Joe.
Potential bearish drop?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could potentially fall to the 1st support.
Pivot: 0.66890
1st Support: 0.66482
1st Resistance: 0.67215
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.
AUDCHF - IMPORTANT BREAKOUT 🚀Hello Traders !
After a Huge Bullish Move, The AUDCHF Price Broke The Resistance Level (0.60078 - 0.59886).
The Resistance Becomes a New Support Level !
So, I Predict a Bullish Move🚀
----------
TARGET: 0.60950🎯
GBPCHF at the TopOANDA:GBPCHF
The pair has reached the ultimate top, which brings the opportunity to enter short with a target at the trend's support.
Heading into overlap resistance, could it reverse from here?USD/CHF is rising towards the pivot and could potentially drop to the 1st support.
Pivot: 0.9096
1st Support: 0.8990
1st Resistance: 0.9150
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.
Could CAD/CHF drop from here?Price is rising towards a resistance level which is slightly above the 161.8% Fibonacci extension and could potentially drop from this level to our take profit.
Entry: 0.66883
Why we like it:
There is a pullback resistance level which is slightly above the 161.8% Fibonacci extension.
Stop loss: 0.67211
Why we like it:
There is a pullback resistance level which aligns with the 127.2% Fibonacci extension.
Take profit: 0.66482
Why we like it:
There is an overlap 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.
Potential bearish drop?NZD/CHF is rising towards a resistance level which is a pullback resistance and could fall to our take profit.
Entry: 0.55902
Why we like it:
There is a pullback resistance level.
Stop loss: 0.56759
Why we like it:
There is a pullback resistance.
Take profit: 0.54882
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.
Weekly Forex Forecast: May 20-25th Part 2This 2 part video covers...
- USD Index, EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDCHF, USDJPY
- S&P500, NASDAQ, GOLD, SILVER, CRUDE OIL
Thank you for viewing!
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
May profits be upon you.
R2F Weekly Analysis - 19th May 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, the TLDR is that my bullish Dollar bias is on hold until I can see May's candle closes. However, I am slightly leaning for a possibly bearish Dollar to the Yearly Bisi below, but as we know things can change in an instant as this year is also election year in the USA. All my analysis of other pairs revolve around my opinion of the DXY.
Hit me up if you have any analysis request or just want to learn how to do all of this independently by yourself.
- R2F
HelenP. I Swiss Franc will rebound from trend line to $0.9150Hi folks today I'm prepared for you Swiss Franc analytics. A few days ago price made a correction movement, after which turned around and made an impulse up to the support level, which coincided with the support zone and soon broke this level. After this, CHF made a retest and started to trades inside consolidation, where it some time traded near the 0.9000 level and later rebounded up to the resistance level, which coincided with the top part of the range with the resistance zone. Then price some time traded near this level and later broke it, exiting from consolidation also, after which made a retest and even then continued to grow to the trend line. But when the price reached this line it in a short time declined to the support level, breaking the 0.9150 resistance level one more time. The Swiss Franc some time traded near this level and then rebounded up to the trend line and even broke it. Just now price trades near this line and I expect that the Swiss Franc will make retest, after the breakout, and then continue to grow to 0.9150 resistance level, therefore I set my goal at this level. If you like my analytics you may support me with your like/comment ❤️
CHF (Swiss Franc Futures, CHFUSD)... BULLISH!The Monthly +FVG was filled, then the CISD was formed.
Price traded through the BB, forming the +FVG on the way.
I am expecting the BB+FVG to hold, and price to move higher from here next week.
Like and Subscribe if you'r picking up what I'm putting down.
Thank you for viewing.
Heading into 50% Fibonacci resistance?USD/CHF is rising towards the pivot, which has been identified as an overlapping resistance and could potentially reverse from this level to the 1st support.
Pivot: 0.9098
1st Support: 0.8987
1st Resistance: 0.9151
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.
USD/CHFPrice is still moving in our predicted direction as we planned in higher timeframes.
Here is a medium-risk position.
Ps. Leave your comments and thoughts.
USD/CHFThe price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down.
I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the lowest prices of all time, so we are at the end of the downward prices .. also in, fundamental, we had good CPI last week and good earning in the finance sector of the S&P500 .. but still the fed is hawkish on rates and talking about 2 more 0.25 % increase in rates.
But for now, I'm looking for a pullback to our golden zone and then continue to make a 5th wave.
Leave your comment and thoughts.
May your pockets fill with money
