USDCHF looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel .
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone .
If the market is able to successfully break above the structure, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a longg order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
Usd-chf
USDCHFUSDCHF is Creating a long opportunity by developing the 5-0 harmonic pattern which is a continuation of shark harmonic pattern
Therefore, entering a long position on 0.922000 with take profit levels at 0.93230 & 0.93800 could be a high potential long setup to consider
Enter: 0.92200
TP1: 0.93230
TP2: 0.93800
SL: With your own risk management
USDCHFThis situation has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️️
USDCHF looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel .
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone.
If the market is able to successfully break above the structure, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a long order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
USDCHF long idea.This appears to be a promising breakout pattern. The price is currently at a support level, and if it shows upward momentum instead of breaking below, it indicates that the support zone is being respected. A break above the bearish trend line would suggest a higher chance of price increase.
USDCHF: Multi year Head and Shoulders formingThe USDCHF pair is forming the Right Shoulder of a Head and Shoulders pattern. For many weeks now it has found Support and is turning sideways within the Shoulders Rectange and can trade within that range for as long as 6 months. This is an excellent sideways trading opportunity. Proof that 1D is technically neutral (RSI = 50.834, MACD = -0.001, ADX = 17.742).
When broken, we will turn bearish aiming slightly above the S1 (TP = 0.89750) and S2 (TP = 0.88300).
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USDCHF - Waiting For The RetestHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDCHF is still overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines .
Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance resistance zone and upper red trendlines . (acting as non-horizontal resistance)
As per my trading style:
As USDCHF is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
And of course, in parallel, as USDCHF approaches the blue support 0.91 we will be looking for buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF Channel Down 1DMA50 rejection but can transition sidewaysThe USDCHF pair has been trading within a perfect Channel Down pattern since the November 30 2022 High. On Monday we had a strong rejection on the 1D MA50 (blue trend-line) and that should start the next bearish leg towards the Channel's Lower Low. This time however, if the 0.90625 February 02 Low doesn't break, we may see the pair turn sideways as the blue range shown on the chart (0.9090 - 0.93700) has been a high volatility region for more than 5 months (October 2021 - mid March 2022). Of course in order for that to materialize, we need a 1D candle close above the 1D MA50, which hasn't been done since November 07 2022.
Until then, every Lower High rejection is a sell opportunity towards 0.90200 (Support 1) and if broken then 0.89260 (Support 2). Notice how the 1W MA100 (red trend-line) is comfortably located at the top of the range. Only a 1D candle close above it can turn the pair bullish towards the 1D MA200 (orange trend-line).
An indicator that supports this sideways transition to the range is the 1D RSI which in contrast to the price's Channel Down, it has been within a Channel Up since November 11, hence a Bullish Divergence.
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USDCHF looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel.
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a confluence zone.
If the market is able to successfully break above the confluence zone, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a long order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
USDCHF with large daily net gains.USDCHF - Intraday - We look to Buy at 0.9201 (stop at 0.9169)
Yesterday's price action posted daily net gains of 127 pips.
We are trading at oversold extremes.
Short term bias has turned positive.
Bespoke support is located at 0.9195.
Our profit targets will be 0.9279 and 0.9289
Resistance: 0.9290 / 0.9315 / 0.9350
Support: 0.9250 / 0.9230 / 0.9195
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.
USDCHF - Strong Resistance Ahead!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDCHF is overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines .
Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance resistance zone and upper red trendlines . (acting as non-horizontal resistance)
As per my trading style:
As USDCHF is sitting around the upper purple 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
USDCHF has turned positive.USDCHF - Intraday - We look to Buy at 0.9219 (stop at 0.9195)
Short term bias has turned positive.
Previous resistance at 0.9220 now becomes support.
50 4hour EMA is at 0.9275.
20 4hour EMA is at 0.9274.
We look for a temporary move lower.
Our profit targets will be 0.9278 and 0.9288
Resistance: 0.9260 / 0.9280 / 0.9300
Support: 0.9235 / 0.9220 / 0.9200
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.
USDCHF Potential for Bullish Continuation | 31st January 2023Looking at the H4 chart, my overall bias for USDCHF is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market.
Looking for a pullback buy entry at 0.92155, where the 38.2% Fibonacci line and overlap support is. Stop loss will be at 0.91581, where the recent low is. Take profit will be at 0.92794, where the previous swing high was.
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USDCHF remains negative.USDCHF - Intraday - We look to Sell at 0.9236 (stop at 0.9262)
Daily signals are bearish.
We look for a temporary move higher.
Bespoke resistance is located at 0.9230.
20 1day EMA is at 0.9235.
Our profit targets will be 0.9171 and 0.9161
Resistance: 0.9230 / 0.9245 / 0.9260
Support: 0.9200 / 0.9180 / 0.9160
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.