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Usdchfforecast

USDCHF H1 SHORT PRICE ACTION FORECAST With the price action trading within the descending pattern and recently getting rejected from the resistance level, it would continue towards the structure's support line. Although the perfect entry was called by the bearish pin bar right at the descending trendline, a second descent entry could be at the drawn level if the price happens to pullback. The order: Type: sell-limit S/L: 26 pips - R:R | 1:2 - T/P: aiming towards a support trendline. -- *** 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 - Buy Signal at Frankfurt Open - THE FAMOUS SetupThis is a price pattern that I like to call the FAMOUS setup. It allows me to forecast the market at 10 pm UK time before going to bed. I see this pattern 10-12 hrs in advance. And so the prediction is that provided that it stays within this boxed range, as shown on the chart... It will break out into wave 5 on the M15 chart. I should go and hit Target Zone 1, i.e the Fib Expansion 62%. What will invalidate the signal? If price did not stay within sideways box region, I..e if it goes up into wave 5 without going sideways first or if it retraces more than 50%.
Long
by iTradeAIMS
2
USDCHF setting up for a SHORT trade at RESISTANCEUSDCHF has pushed through WR1 RESISTANCE and is now headed towards strong resistance at .9792 area. I've placed a SELL LIMIT order at .9792 with a STOP just above at .9813. Looks a decent set-up for a 21 pip risk as USDCHF has failed to break this area since mid-March and even then the BULLS relented after failing to push higher. Average daily range on this pair is 78 so we're unlikely to reach these levels today but tomorrow will see if the BULLS can continue their advance if we don't get SELLERS entering the market before that. ADP Non-Farm Employment Change up at 13:15 GMT so that my play a large part in determining USD's direction for a while.
Short
by theforexportal
SELL USD/CHF @ MARKET .9758USDCHF has made steady progress north for the last 24 hours but has now hit the top of the existing channel. With RSI readings becoming stretched, the signs are that this channel may hold the price and we'll see a move south. USD/JPY has sold off steadily for the last 2 hours and possibly USD/CHF will try and catch up. I'm in at .9759 with a STOP above the channel at .9780 and a TAKE PROFIT at .9700. As ever I'll lock in a break even trade if we drop 25 pips.
Short
by theforexportal