USD/CHF downside continues and ready for the next leg down 0.824Since July the market has been on a solid downtrend with an Inv Cup and Handle form.
It then broke below and reached our first target.
Now there is a touch of consolidation in another Inv C and H, which we ned the price to confirm the handle before turning down and heading to a target of 0.8240.
The price is below 20 and 200MA which makes the momentum downside and I would ONLY look for shorts.
Shortusdchf
USD/ CHF !! 1/9/2024 trendline DOWN⭐️ Smart investment, Strong finance
⭐️ News
Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%.
The main event to watch out for this week will be the release of US inflation data on Thursday. Market participants anticipate that the headline Consumer Price Index (CPI) will show a year-on-year increase of 3.2%, while the Core CPI is projected to decrease from 4% to 3.8% year-on-year.
⭐️ Personal comments NOVA:
The price area touching the trendline and touching the EMA is suitable for a SELL signal
⭐️ SET UP USD/CHF PRICE:
🔥SELL zone: 0.84750 - 0.84900 SL 0.85300
TP1: 0.84400
TP2: 0.84100
TP3: 0.83800
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
USDCHF Short USDCHF SHORT opportunity with absolutely ZERO RISK. No Drawdown.
Earlier the price broke the trendline to the downside, went back up to retest it and after fell strongly right to our TARGET of 0.92231 .
Pure price action and Clean chart.
Thank you for taking the time to check out my idea!
This information is NOT financial advice. This information is for educational purposes only.
Prepare for the drop of US Dollar!!!In this analysis, waoh, in the latest analysis of there I send a short signal that my position was in the 0.9060, then, we are in short anysequenze, well, in that case, this could be a great entry in short just hoping a red candlestick next in formed, we need to wait the next 4 to 12 hours to confirm and going to short position in this par. I am still awaiting for a good short entry, I will going to send you a message to entry here!!!
We expect a profit of over 250 pips.
Rememebr that US Dollar has a bad fundamentals for the US economy and we are in short position, not put any long position for fundamentals.
USDCHF shortALOHA traders!
Hope you all had a dominating and profitable end of April! Here's a two trades, one that that I missed getting into but was able to capture a second minor move down where I was hoping for it to break down.
The position I got in only lasted for less than a day, 14 hours with a manual close of +.73%. I was okay with closing it as I didnt want to hold through the battle of high spreads and instead wait for a pullback for a better, long term short entry. However, if price continues to move upward and meet the 4hr 50ema, we may see a bull but not consireidng entering any bull positions at this time as other pairs are looking better.
This is what I saw at the beginning of the week that was so beautiful I had to share an ascending triangle in action!
Daily - had a beautiful ascending triangle with a triple top at a resistance area.
4hr - Within the ascending triangle, and ascending channel with lower highs took place creating a correcting pattern that had potential to break up or fall out of the acceding channel. A break of the 4hr 50 ema was a good sign for me to get in.
1HR - As price was hovering around the 1hr 50ema and still hovering within the ascending channel, I placed a virtual entry order(not on my real account).
original entry was at 50 pips and potential target of recent significant low level for 2%.
Will be keeping my eye on this one for this week as well. Other than that, I've been slow with my trading with only 10 trades this entire month ending at just over Break Even for the month which I am indecent about. There's always profit left on the table but t the same time, very happy with how I've performed over this entire coronavirus situation. I hope this provided some encouragement, enlightenment and down right motivation for you all reading.
Mahalo! May you have a profitable week and even better month! Let's do this MAY!
USDCHF sell reversal patternAs i published idea to buy EURUSD and USDCHF and EURUSD have big negative correlation - so I sell USDCHF and recommend to to this to all my clients.
Why?
USDCHF has sell level at 1.0042 and price is placed at the high of very big daily range started from October 2010.
So i try catch profit to sell USDCHF at 1.0035 SL - 1.0072 and TP - 0.9900
Risk Reward Ratio - near 3.39
So its good deal :)