USDCHF Potential for Bearish Continuation| 31st August 2022On the H4 chart, price is currently testing the 127.2% extension level hence we are looking for a short term sell entry here at 0.97348 to take profit at my overlapping support 0.9619 which coincides with the 23.6% retracement. Stop loss will be placed at 0.9852 where the previous swing high sits
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Usd-chf
USDCHF enter around the supply level. consider probabilities! There is a supply level around the entry setup.
Trend is bullish!!
Another touch to the level might be a great chance to a good profit!
never forget that trading is the game probabilities!
ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
USDCHF Potential For Bearish DropOn H4, with the price moving below the long term descending trendline, MA, the price and MACD are showing a bearish divergence, we have a bearish bias that the price may drop to our sell entry at 0.96556, where the overlap support is to the take profit at 0.95759, where the swing lows and 38.2% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 0.97373, which is in line with the overlap resistance.
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.
USDCHF H4: Bearish outlook seen, further downside below 0.9680On the H4 time frame, prices are facing bearish pressure from the resistance zone at 0.9680, in line with the 61.8% Fibonacci retracement and graphical support-turned-resistance zone. We could see further downside below this zone to the support zone at 0.9550. Stochastic is showing bearish divergence as well where we could see further downside in prices.
USDCHF long opportunityThere is a strong supply level around the entry setup.
Another touch to the level might be a great chance to a good profit!
reasonable responses to the dynamic support is another reason to improving the LONG idea.
The level is valid until it's over SMA400 (Red line).
ATTENTION:
According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
USDCHF Potential For Bullish ContinuationOn H4, with the price moving within the ascending trendline and above the ichimoku cloud, we have a bullish bias that the price may rise from the buy entry at 0.96909, which is in line with the 61.8% fibonacci retracement and swing highs to the take profit at 0.97771, where the 78.6% fionacci retracement and swing high are. Alternatively, the price may drop to the stop loss at 0.96158, where the 23.6% fibonacci retracement and swing lows are.
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.
USDCHF H4: Bearish outlook seen, further downside below 0.9680On the H4 time frame, prices are facing bearish pressure from the resistance zone at 0.9680, in line with the 61.8% Fibonacci retracement and graphical support-turned-resistance zone. We could see further downside below this zone to the support zone at 0.9550. Stochastic is testing resistance at 95.37 as well supporting the bearish bias.
Outlook on USDCHF: Bearish play seenOn the H4 time frame, prices are testing a key resistance area at 0.9680 in line with the descending trend line, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. We could see further downside in prices to the support target at 0.95500, which coincides with the 50% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance and showing bearish divergence as well where we could see further downside, in line with prices.
USDCHF Potential for Bearish DropOn H4, as the price is going with the long term descending trendline, we have a bearish bias that the price may drop from the sell entry at 0.96581, which is in line with the previous swing high to the the take profit at 0.95490, where the 38.2% fibonacci retracement is. Alternatively, the price may rise to the stop loss at 0.97357, where the previous swing high is. Take note there is a short term ascending trendline, if the price break the ascending trendline, we could further confirm that the price would drop to the take profit.
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.
USDCHF H1: Bearish outlook seen, further downside below 0.9690On the H1 time frame, prices are approaching the resistance zone at 0.9690 which lines up with the 61.8% Fibonacci retracement level. We could see a reversal below the 0.9690 resistance zone to our support zone at 0.9600 which is also the graphical support zone and 23.6% Fibonacci retracement. Stochastics is testing resistance at 98.11 as well with a bearish divergence seen as highlighted in red, supporting the bearish bias.
USDCHF a turn at the 0.5 Fib 🦐USDCHF on the 4h chart started a bullish impulse after the test of the 0.9400 level.
The price is moving to the 0.5 Fibonacci retracements where we can expect some reversal.
How can i approach this scenario?
I will look for a potential reversal around the 0.9600 level and if the price will satisfy the Plancton's academy rules i will set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCHF approaching resistanceUSDCHF - Intraday - We look to Sell at 0.9647 (stop at 0.9669)
We look for a temporary move higher. 0.9651 has been pivotal. 0.9649 has been pivotal. The trend of lower highs is located at 0.9647.
Our profit targets will be 0.9591 and 0.9581
Resistance: 0.9590 / 0.9630 / 0.9650
Support: 0.9550 / 0.9520 / 0.9500
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USDCHF Potential for Bullish RiseOn H4, with the price is breaking the descending channel and above ichimoku cloud, we have a bullish bias that the price may rise to the buy entry at 0.96260, which is in line with the swing high and 50% fibonacci retracement. If the price break the buy entry, the price may rise to the take profit at 0.97336, which is in line with the swing high. Alternatively, the price may drop to the stop loss at 0.94737, which is in line with the pervious swing low and 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.
USD/CHF Continuation trade We were waiting on a a pullback after breaking through support, today we have had the pullback. A valid continuation trade has presented itself.
I have placed a sell order at 0.94809 with the SL at 0.95547.
The first target for this trade will be the next support at 0.93060.
GL if you join
USDCHF Potential for Bearish Continuation| 16th August 2022On the H4, with prices moving below the ichimoku cloud hence we have a bearish bias that the price will continue with the bearish momentum. Price is now testing at the 78.6% Fibonacci projection as well as the previous swing low where our sell entry sits 0.9472. If bearish momentum continues, it should hit our take profit at 0.937 which also coincides with the Fibonacci 127.2% extension. If prices fail to break first support, it will hit our stop loss at 0.954 where the 61.8% fibonacci retracement and previous swing low sits.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDCHF to the 0.94? 🦐USDCHF on the 4h chart reached the support area as expected from my previous idea-
The price has now retraced at the 0.382 fibonacci level.
How can I approach this scenario?
I will wait for the EU market open and check for a possible break below the support area .
In that case, i will look for the Plancton's strategy to be satisfied and set a nice short order
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCHF Potential for Bearish Continuation| 5th August 2022On the H4, prices have signalled a slightly bearish momentum. It has rejected the 1st resistance at our sell entry, 0.966 which is also the 50% Fibonacci retracement. we would take profit at 0.955, the previous swing low. if prices were to pullback back into bullish momentum, stop loss will be at 0.972
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDCHF Pivot and break-out levelsThe USDCHF pair has been trading within a Channel Down since mid-May. At the moment it is rising after a Lower Low on August 02 but remains limited below the 1D MA50 (blue trend-line). Last time the uptrend got rejected on the Internal Lower Highs trend-line. The 1D RSI is also trading within a Falling Wedge. As a result, below the Lower Highs trend-line, the trade is a sell targeting the 1W MA200 (red trend-line), while a candle close above is a buy targeting the top of the Channel Down.
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