USDCHF Short Setup Signal : Sell Setup
Signal Type: Setup One Short
pre-conditions: Wait for price to stay sideways within the blue box.
If yes, then setup 1 is there.
Set order below the box
Target are Fib Exp 1.62
Swissy
USDCHF - Famous Setup The Swissy did not go down as I planned. but it went up strongly
It has gone back into the Daily range
However, on the M15 we can see something brewing
I call this the famous setup.
USDCHF Possible Sort Setting UpIf you look at this daily chart you see a tight consolidation
But it has been broken by Yesterday's candle.
Drop to H1 and yo user this ... WATCH VIDEO
Looks like a downtrendFrom a TA point of view on the daily chart, looks like a nice downtrend we can hop in. Pointed out what I'm looking at on the chart. Trade safe and keep your money management on point.
Elliott Wave Forecast: USDCHF Dips Can See SupportElliott Wave View suggests USDCHF rally from March 9 low is unfolding as 5 waves impulse structure. Up from March 9 low, wave ((1)) ended at 0.9889, and wave ((2)) pullback is proposed complete at 0.9497. Internal of wave ((2)) unfolded as a Flat structure. Wave (A) ended at 0.974, wave (B) bounce ended at 0.99, and wave (C) of ((2)) ended at 0.9497.
Pair still needs to break above March 21 high (0.99) to avoid a double correction in wave ((2)). Wave ((3)) is currently in progress as another 5 waves where wave (1) of ((3)) ended at 0.9797. Internal of wave (1) also unfolded as 5 waves impulse in lesser degree. Up from 0.9497, wave 1 of (1) ended at 0.9685, and pullback in wave 2 of (1) ended at 0.9593. Pair resumed higher in wave 3 of (1) towards 0.9796, and pullback in wave 4 of (1) ended at 0.974. Finally, wave 5 of (1) ended at 0.9797.
Wave (2) pullback is in progress as a zigzag structure where wave A ended at 0.968. Expect wave B bounce to fail below 0.9797 and pair to turn lower in wave C of (2) to correct cycle from March 28 low in 3, 7, or 11 swing before the rally resumes.
AUDCHFDaily Supply & Demand Zones - any divergence shaping up? Just assessing key levels.
Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes.
Be great to get comments on the coming week's thoughts for this pair.
Have a great weekend!
Swissie, Sell after a correctionSo far almost as forecasted.
Wait for corrections (even 1H) to find sell setup as shown on the chart.
Happy Trading & stay green!
Please let me know your view about the idea
Check out the "Related ideas..." in the links below too
UF: Plan for Risk-on this Week 00:11:39 (UTC) Tue Jan 14, 2020This will play directly with our trades this week. Risk-on will take this currency which I've already called over 170 pips of price action in just under a week, another 90 pips north. If price approaches this upside extension, it would be running into significant resistance on the longer term timeframes which is also being taken into account with the entry for this setup this week.
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00:11:39 (UTC)
Tue Jan 14, 2020
USD/CHF: Swissy Analysis : FOMC meeting and SNB playing rolesUSD/CHF is currently trading a key weekly level around 0.98400 - 0.98700 zones. This weekly support { purple line } has been rejected several times in the past, with the pair bouncing around 130 pips each upside movement. The daily candle isn't showing any prime entry point, therefore we expect this pair to stay neutral until FOMC meeting today and SNB meeting on tomorrow Thursday. Traders should take this trade with the consideration that the level gets rejected or broken. A closure below 0.98400 can send the Swissy back to the next support at 0.9800 or close to our Green line.
UF: Daily update (+100 pips in 24 hrs)See originally linked bias, chart description and predicted price action to the downside by a profit of +100 pips in less than 2 trading days thanks to the current risk-off environmental sentiment from the equity markets around the world. This can be directly attributed to both options data taken from bloomberg, looking at auction pricing for The next round of t-bills, and the over state of the political relationship between the United States of America and China.
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UF Trade Update: Shorts ClearedOur short trade from last week has now been covered. We're currently floating +32 pips in profit and awaiting some price action to further this trade into profit.
If you did not take this trade short from our suggestion last week (entry only given in Telegram) many opportunities are showing themselves for this week.
AUD/CHF Small Bullish Breakout TradeWe've hit some strong resistance for this pair and I am looking for it to be broken for a chance to get into a bullish breakout.
I've drawn out my buy zone I'm watching in yellow, I would like to see either support form with a good candle, or a breakout of that zone to help confirm it is indeed time to buy.
I've drawn out a couple targets on the way to my overall price structure highs I'm aiming for.
If we fail to form good support at the bottom of the zone, or breakout of the top of the zone, then this setup may become invalidated.
USD/CHF Signal Closed at Break-evenUSD/CHF Signal Closed at Break-even
This trade has finally closed at entry, after grossing +85 pips, where we closed and took 50% profit at +60 pips. There was no drawdown with this trade.
Well done to all that took this trade with us!
Reading the right side of the chart : CADCHF 26 SeptI am bullish CADCHF at the moment. I missed the "anchor" signal yesterday but there are still opportunities to buy the dips. I am looking at 0.74560 - 0.74650 price zones and 0.74300-0.74400 as an "anchor" to long this pair towards the 20-week AWR upside projection or the levels at 0.75100-0.75200 depending from which price levels I long this pair
There are no risk events for Canada and Switzerland today.
USDCHF getting ready for the down moveAs forecasted it's doing a correction here but it's longer as expected; I expect the down move starts soon
#USDCHF Strategy Session Range TradeAs discussed in yesterdays strategy session looking to play the broader range, when the following days candle retraces before triggering the trade this builds conviction in the position
