USDCHF Analysis and Setup In this video I go through my analysis of USDCHF the forex pair and offer ideas for a trade setup based on my own methodologies which mostly originate from ICT concepts.
Quick summary is there I am anticipating higher prices.
I'll let the video do the talking because that is why I made the video to begin with.
Enjoy!
- R2F Trading
USDCHF
USD/CHF H1 | Bullish uptrend to extend further?USD/CHF could fall towards a multi-swing-low support and potentially bounce off this level to climb higher.
Buy entry is at 0.9096 which is a multi-swing-low support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 0.9063 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 0.9158 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Heading into pullback resistance/USD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 0.9138
Why we like it:
There is a pullback resistance level that lines up with the 71% Fibonacci retracement.
Stop loss: 0.9200
Why we like it:
There is a pullback resistance level.
Take profit: 0.9062
Why we like it:
There is a pullback support level.
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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 "The Swissie" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/CHF "The Swissie" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. 👀 Be wealthy and safe trade 💪🏆🎉
Entry 📈 : "The loot's within reach! Wait for the breakout, then grab your share - whether you're a Bullish thief or a Bearish bandit!"
Buy entry above 0.91200
Sell Entry below 0.90300
Stop Loss 🛑: Using the 2H period, the recent / nearest Pullbacks.
Target 🎯: -Bullish Robbers TP 0.92400 (or) Escape Before the Target
-Bearish Robbers TP 0.89400 (or) Escape Before the Target
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
The USD/CHF "The Swissie" Forex market is currently experiencing a neutral trend, with a slight bias towards bullishness., driven by several key factors.
💨Fundamental Outlook:
- Interest Rates: The Federal Reserve's interest rate decisions will impact USD/CHF. A rate hike could strengthen the dollar.
- Swiss National Bank (SNB): The SNB's monetary policy decisions will influence the Swiss franc's value. A dovish stance could weaken the franc.
- Global Economic Conditions: The ongoing global economic uncertainty and trade tensions could impact USD/CHF
💨Macro Outlook:
- US Economy: The US economy is expected to continue growing, albeit at a slower pace. The Federal Reserve's interest rate decisions will play a crucial role in shaping the economy.
- Swiss Economy: The Swiss economy is expected to remain stable, with low inflation and a strong labor market. The Swiss National Bank's (SNB) monetary policy decisions will influence the economy.
- Global Economy: The global economy is facing uncertainty due to trade tensions, geopolitical risks, and the COVID-19 pandemic. This could impact USD/CHF.
- Commodity Prices: Commodity prices, particularly oil prices, could influence USD/CHF.
💨Sentimental Outlook:
- Institutional Investors: 55% bullish, 45% bearish
- Retail Traders: 52% bullish, 48% bearish
- Hedge Funds: 58% bullish, 42% bearish
- Large Banks: 60% bullish, 40% bearish
💨Market Sentiment: The market sentiment is slightly bullish, with a majority of investors expecting USD/CHF to rise.
💨COT Data:
Current COT Data (as of January 24, 2024):
- Non-Commercial Traders (Speculators): Net long 53,129 contracts (previous week: net long 49,351 contracts)
- Commercial Traders: Net short 45,678 contracts (previous week: net short 42,191 contracts)
Upcoming COT Data (expected release on February 2, 2024):
- Expected Change: Speculators may increase their net long positions, while commercial traders may reduce their net short positions.
💨Upcoming Events:
- Federal Reserve Interest Rate Decision: Expected to impact USD/CHF
- SNB Monetary Policy Decision: Will influence the Swiss franc's value
- Global Economic Data Releases: Will provide insights into the global economic outlook
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
USD/CHF H1 | Bullish uptrend to continue?USD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9102 which is a pullback support that intersects with an ascending trendline.
Stop loss is at 0.9060 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 0.9158 which is a pullback resistance that aligns with the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bullish continuation?USD/CHF has bounced off the pivot and could rise from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.9037
1st Support: 0.8918
1st Resistance: 0.9248
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal?USD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 71% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9138
Why we like it:
There is a pullback resistance that lines up with the 71% Fibonacci retracement.
Stop loss: 0.9200
Why we like it:
There is a pullback resistance level.
Take profit: 0.9062
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
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.
Possible Bearish Market on USDCHFUSDCHF has been moving between support and resistance levels thereby creating a sideways movement on daily and weekly timeframes, also creating some flag patterns, currently, there is a potential sells on weekly and daily timeframes,
we might see a little movement up to the resistance zone at 92081, creating a triple top pattern before starting the downward movement again.
let's watch out for the market this week.
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USD-CHF Bullish Bias! Buy!
Hello,Traders!
USD-CHF is trading in an
Uptrend and the pair just
Made a rebound from the
Round horizontal support
Level of 0.9000 so we are
Bullish biased and we will
Be expecting some
Further growth
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Bearish drop?The Swissie (USD/CHF) is rising towards the pivot and could drop to the 1st support.
Pivot: 0.9080
1st Support: 0.9011
1st Resistance: 0.9151
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF H4 | Falling from the 38.2% Fibo?Based on the H4 chart, the price is approaching our sell entry level at 0.90806, which aligns with a pullback resistance and the 38.2% Fibonacci retracement level. This level is expected to act as a potential reversal point for a bearish move.
Take profit at 0.90253, where buyers may step in near a previous demand zone.
The stop loss is at 0.91282, slightly above the 61.8% Fibonacci retracement, providing a stop-loss level that allows room for price fluctuations while maintaining a bearish bias.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bearish reversal off 38.2% Fibonacci retracement?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.9081
Why we like it:
There is a pullback resistance that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.9148
Why we like it:
There is a pullback resistance that lines up with the 78.6% Fibonacci retracement.
Take profit: 0.9008
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
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 H1 | Rising into overlap resistanceUSD/CHF is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.9058 which is an overlap resistance.
Stop loss is at 0.9090 which is a level that sits above the 38.2% Fibonacci retracement and a pullback resistance.
Take profit is at 0.9000 which is a swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF Be ready for these trades based on the 1D MA50.The USDCHF pair has been trading within a Channel Up pattern since the September 06 2024 bottom. This is inside a larger Rectangle in which the pair is consolidating for the past 1.5 year.
The bottom of the Channel Up is being tested again today for the 2nd time since January 27, which was a 1D MA50 (blue trend-line) test. This is the key of the pair's trend technically in our opinion.
The current level being so close to the 1D MA50, is the ideal short-term buy entry to target Resistance 1 at 0.92265 on the lowest risk. If the price breaks below the 1D MA50 however, we will quickly take the minimal loss and reverse to selling the bounce near 0.9100, as this bearish break-out took place on both previous Channel Up patterns on May 15 2024 and October 19 2023.
In that case the trade will be long-term, targeting just above Support 1 at 0.84000.
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USD/CHF BEARS ARE STRONG HERE|SHORT
Hello, Friends!
Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.905.
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Market Analysis: USD/CHF Takes HitMarket Analysis: USD/CHF Takes Hit
USD/CHF declined and now struggling below the 0.9120 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF declined below the 0.9160 and 0.9120 support levels.
- There was a break below a major bullish trend line with support
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a fresh decline from well above the 0.9180 zone. The US Dollar dropped below the 0.9160 support to move into a negative zone against the Swiss Franc.
The bears pushed the pair below the 50-hour simple moving average and 0.9075. Finally, the bulls appeared near the 0.9040 level. A low was formed near 0.9039 and the pair is now consolidating losses.
On the upside, the pair could face resistance near the 0.9075 level and the 23.6% Fib retracement level of the downward move from the 0.9196 swing high to the 0.9039 low. The next major resistance is near the 0.9120 level.
The 50% Fib retracement level of the downward move from the 0.9196 swing high to the 0.9039 low is also near 0.9120, above which the pair could test the 0.9160 zone.
If there is a clear break above the 0.9160 resistance zone, the pair could start another increase. In the stated case, it could even surpass 0.9200.
On the downside, immediate support on the USD/CHF chart is 0.9040. The first major support is near the 0.9020 level. The next major support is near 0.9000. Any more losses may possibly open the doors for a move toward the 0.8880 level in the coming days.
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USDCHF Updatethis pair has formed and ascending channel on a higher timeframe
and formed also a double top
so now we're waiting for this pair to hit the down trendline of the channel so we can look or a long position on a lower timeframe
once the channel is broken and the candle lose below the last touch we will enter a short position also targeting take profit on 0.76 fib retracement
Follow for more
USDCHF H4 |Pullback before falling?Based on the H4 chart, the price has broken below our sell entry level at 0.90805, confirming a potential bearish continuation. This level previously acted as a support zone and is now expected to serve as a resistance.
Our take profit is set at 0.89869, aligning with a key support level, where price may find buying pressure.
The stop loss is placed at 0.91458, a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
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Bullish bounce off pullback support?USD/CHF is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 0.9033
1st Support: 0.8971
1st Resistance: 0.9086
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