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Usdchfforecast

USDCHF ::: BULLISH24 AUG 2020 INSTRUMENT: USDCHF TIME FRAME: DAY CONFIRMED: 4h, WEEK INDICATORS: ICHIOKU KINKO HYO STOCHASTICS BUY ABOVE: .9136 STOP LOSS: .9122 TGT 01: .9171 TGT 02: .9187 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Short
by ajithchand-bhandaari
USDCHF formed a double bottom formation (ROADMAP)Currently, we are seeing price move to the upside after formed a double bottom formation and also breakout the trendline resistance, we have room to go up for +200 pips if the buyer manages to push the price to 0.9380 resistance level. good luck! **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
USDCHF H1 SHORT PRICE ACTION FORECAST -UPDATE-Price action has already reached the 50 EMA, acting as a dynamic resistance, where previously formed a double top. Now, the downtrend confirmation can be spotted from the price structure and creation of LL. If the price fails to break the EMA's current resistance, it will mark a bearish continuation towards the support level (the dotted blue line), allowing the setup of a short position. The order: Type: buy-stop S/L: 30 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
USDCHF H1 SHORT PRICE ACTION FORECAST -UPDATE-A pullback towards the drawn area didn't take place yesterday, leaving the entry no filled. Moving into a smaller timeframe allows the opportunity to spot a double top pattern and room enough to capture some bearish movement before the next support level, a short entry is again placed. The order: Type: sell-limit S/L: 48 pips - R:R | 1:2 - T/P: aiming towards the next support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
USDCHF H4 SHORT PRICE ACTION FORECAST However, a healthy correction is currently happening, the DXY remaining under seller pressure indicates that the USD will continue to show helpless among its peers currencies. A pullback towards the drawn area for a further bearish continuation is expected, a short entry is taken. The order: Type: sell-limit S/L: 53 pips - R:R | 1:3 - T/P: aiming towards the next support level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
USDCHF H4 SHORT PRICE ACTION FORECAST -UPDATE-The entry is moving towards the first level to claim some profit. This trade is already with a reduced S/L level from -47PIP to -22. Besides, due to the continued sellers pressure hovering the US dollar the T/P level has been moved to the next support level. Will keep monitoring this trade, in case of any sharp reversal. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
USDCHF H4 LONG PRICE ACTION FORECAST -UPDATE-With nothing in between able to hold the free fall of the USDCHF, we could keep trying to accumulate additional pips. In a current consolidation, the price action has formed what is known as a bearish engulfing candle pattern, signaling the bears' readiness to continuing diving-in pushing to price to the deepest level. DXY, on the other hand, continue under the sellers' realm, with the price action heading towards the pandemic levels in last March. The order: Type: sell-limit S/L: 47 pips - R:R | 1:2 - T/P: aiming towards a confluence level allowing 1:2 -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER