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USDCHF short opportunity! On screen analysis...Hi All,
Last week I traded this pair with succes and was waiting on a new opportunity to go short again. The Down trend is still intact and Price got reject several times at a historic S/R level @0.96850. My momentum indicator shows a bearish pattern once again so I'm confident Price will start dropping very soon.
Be patient and ride the waves... StopLoss is @0.97500 and Target as shown @0.94600
Continuation of the trend... USDCHF Short (on screen analysis)USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.
Trade with patience. I will keep you posted!
USDCHF - Forming an ascending triangle before the dropThis is in the connection for my USDCAD Post. This chart shows an ascending triangle formation however, we need to remember that that down trend wave is still in the shawdows. Combining both theories, we can say that the
price might break to its resistance then return back to lower positions. The market might be looking for positive news at the moment.
If you have comments regarding my post, feel free to contact me anytime.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98185 where it could potentially react off and up to 1st resistance at 0.98876.
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USDCHF Long term sellThe downside has started. I've waiting for this one a while, as the where it stands right now the pattern could be complete and the fall will be HUGE. However, there is still a possibility for one more up. Nonetheless, I will ignore ALL buys, and focus only in sells until structure changes. So far, only sells.
USDCHF SellAs market fast approaches this resistance level,if market decides to take a tumble down again, then we will find support at the 2 TP levels identified on the chart, which isn't necessary where the market will end but where i will TP for now.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk