Swissfranc
Today’s Notable Sentiment ShiftsSafe-Havens – JPY and CHF climbed to two-week peaks on Thursday, supported by escalating Russia-Ukraine tensions that could have economic repercussions worldwide.
Referring to earlier reports of a mortar strike in Eastern Ukraine, Western Union summarized that safe-havens were outperforming because “today’s geopolitical development dampened hopes for a diplomatic deal to avert military action around Ukraine.”
GBPCHF: Update! Confirmed Breakout🇬🇧🇨🇭
Hey traders,
As you remember we were looking for shorting opportunities on 🔻GBPCHF.
The confirmation that we needed was a breakout of a support line of a rising wedge pattern.
Finally, it is broken.
After its retest I expect a bearish movement to 1.2425 / 1.234 levels.
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Today’s Notable Sentiment ShiftsSafe-havens – USD, JPY and CHF eased on Tuesday as Russia announced some of its troops were returning to base after exercises near Ukraine, reducing some investor anxiety over the potential invasion.
CIBC explains that “the big story overnight is the feeling of de-escalation on the Russia-Ukraine border, so that’s taking out some of the premiums that had been priced into the FX and really the macro space since Friday afternoon.”
USD-CHF First Up Then Down! Sell!
Hello,Traders!
USD-CHF is trading in a range
Between the horizontal support and resistance
And I think that after the pair retest the resistance again
We will see a move down to retest the support level below
Sell!
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See other ideas below too!
GBPCHF Sell signal: Lower High and 1D MA200 rejectionGBPCHF has been trading within a Bearish Megaphone pattern almost since the start of 2021. At the moment it is trading sideways for more than a week in a row but even though it has tested the 1D MA200 (orange trend-line) on multiple occasions, it has failed to close a 1D candle above it and make a bullish break-out.
On top of that, the 1D MA200 rejection, is also a Double Top rejection on the 1.26125 Resistance level. Also the 1D RSI is on Lower Highs, which that was the formation on the pairs last rejection at the top of the Megaphone on October 20 2021. The result of that Lower High top was a price dive to the 1.5 - 1.618 Fibonacci extension levels once the 0.5 level broke.
At the moment the 0.5 Fib level is at 1.24455. If that breaks, I will take it as a sell signal with a 1.21000 target (within the 1.5 - 1.618 Fib extension zone).
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✅CAD_CHF WAIT FOR BREAKOUT|SHORT🔥
✅CAD_CHF is trading in a wedge
Between a falling resistance and a rising support
And there is no real incline to the wedge
So the breakout that determines further direction of the pair
Might be either bearish or bullish with equal probability
However, I am somewhat bearish biased
Thus I am presenting you with the bearish scenario
But either way, we need to wait for the breakout
To then follow the decision of the market
SHORT🔥
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✅NZD_CHF LOCAL SHORT🔥
✅NZD_CHF is about to retest a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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