Usdchfbuy
USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF
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⏳14 Hour chart
🎲 Swing trade
⛳️Bullish entry
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Detailed analysis 💬
1️⃣ 0.90000 Swiss national bank intervention level
2️⃣ 0.90000 Strong trend reversal area
3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF
4️⃣ RSI has reached around 39.00 Oversold condition
5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green
6️⃣ Stochastic reached below 25 Oversold condition
7️⃣ Short term Technical support - Bullish
8️⃣ 50,100,200 EMA cluster resistance for bull
9️⃣ Bollinger bands reached lower side of the band
🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area
#️⃣ Overall long-term trend- Bearish
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Bullish entry #usdchf
Entry price -0.90400
Take profit 01 - 0.90900 (50 Pips)
Take profit 02 - 0.91400 (100 Pips)
🚫 Stop lose 0.90050 ( 35 Pips)
⬆️ 1.11% Growth expected
⤴️ Account growth .39 : 1.11
✅ Risk reward ratio 1 : 2.84
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USDCHF Possible election outcomelooking at the patterns forming with the election delay could lead to good swing opportunities for traders.
our first target is the 50 EMA followed by the resistance level.
entry will depend on your risk management ratio
like and follow for more updates on the pair.
feel free to comment with a link to your chart.
USD/CHF - continued bullish momentum for USD this week?USD/CHF price action saw exceptionally bullish momentum last week, climbing approx. 200 PIPS. As price has respected a strong 4H trend line consistently last week, and with price closing above the lows created in March, we will be looking for continuation of this bullish trend. We will be looking at a zone of upcoming confluence between the 4H trend line and the resistance now turned support at 0.9270. Initial price target of 0.9380.
If price closes below the 4H trend line, our analysis will need to be re-evaluated, as stronger pullback may come in to play as price action takes time to breathe.