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USDCHF Long Term Buying Trading IdeaHello Traders In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET today USDCHF analysis 👆 🟢This Chart includes_ (UDCHF market update) 🟢What is The Next Opportunity on USDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
7 Dimension Analysis for USDCHF 🕛 Overview 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Breakout from Sideways (BoS) 🟢 Swing Move: Corrective 🟢 Inducement: Pullback, with liquidity swept by the last candle 🟢 Pullback Count: 2nd pullback, suitable for entry Extreme Order Block remains unmitigated Time Frame Confluence: Daily, Weekly, and Monthly 🟢 Internal Structure: Bullish Choch observed 🟢 Support Resistance, Supply Demand, Accumulation/Distribution, and Discounted Premier are all consistent. A Trendline breakout serves as the initial signal for entry or exit. A monthly support breakout led to price consolidation in a range, followed by a buildup post-break, which did not seem to sustain. Notable traps include a lack of follow-through after the breakout. 🟢 Chart Patterns: A reversal pattern in the form of a Double Bottom has appeared with a neckline break. 🟢 Candle Patterns: Relevance is observed at top/bottom breakouts and ongoing support/resistance areas. They are less relevant in sideways movements. The most recent 6 to 10 candles are crucial, and players in a climax act as traps. Candle size, color frequency, and bull power during consolidation are all important factors. A record session count with 6 consecutive back-to-back candles occurred, along with a Change in Guard pattern with engulfing candles. Various momentum patterns, including strict engulfing, engulfpin, and fakeout FOMO, have formed in the same area. A blended combo of 2/3 candle classic hammer is evident, and a Tower Bottom is potentially forming, pending confirmation from today's breakout. 3️⃣ Volume: Big volumes are observed at the beginning or end of moves, while volume remains stable during the move. The breakout had no significant volume, but a massive volume was added in the range, indicating a potential reversal. 4️⃣ Momentum RSI: 🟢 Zone: The RSI is currently in a sideways zone. 🟢 Range Shift: Bearish to Sideways 🟢 Divergence: A regular 5-candle bullish divergence from the bottom indicates added strength in momentum. 🟢 Oversold Rejections: Count of 1 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Resistance, with doji rejection requiring close monitoring. 🟢 Walking on the Band: Just finished this move; price may undergo a correction or reversal. 🟢 W Pattern: Initial formation is complete, and price could move towards the corrective target. 6️⃣ Strength ADX: Bears are currently in power, but the appearance of the first curve in the trendline suggests a potential change. 7️⃣ Sentiment ROC: The rate of change indicates that CHF is stronger than USD, suggesting a potential correction rather than a reversal based on all studies. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish Choch ☑️ Current Move: Impulsive with valid hourly high ✔ Support Resistance Base: Not specified in the analysis. ☑️ Candles Behavior: After a Record Session Count, back-to-back bullish longwick candles suggest bullish momentum for correction. ☑️ Final Comments: Consider buying for correction target. 💡 Decision: Buy 🚀 Entry: 0.8736 ✋ Stop Loss: 0.8542 🎯 Take Profit: 0.8899 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 5 Days Summary: The analysis indicates a bearish swing structure with an impulsive corrective move and potential for a bullish Choch. Various chart patterns and candlestick formations, along with volume and momentum factors, suggest the possibility of a correction. A professional trader may consider a buy entry with appropriate risk management in place. The expected duration for the trade is 5 days, with a risk-to-reward ratio of 1:2. if you like and learn analysis like a profession can contact me
Long
by Optimum369
USDCHF - CURRENT SITUATION#USDCHF - At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US. - Currently, the MARKET is becoming RISK ON and USD is a bit WEAK because of that. Anyway, the FED MEETING is scheduled to be held today. Yesterday US CPI data was NEGATIVE. That's why USD was WEAK yesterday. - There is definitely a high chance that USDCHF will go UP a bit more and move to the 0.9214 LEVEL. Anyway, the price of USDCHF can go down to 0.8600 LEVEL after the FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDCHF 21May2023when the price rises more than the red line, one of the signs that a reversal has occurred. most likely is to enter in the early stages of a bullish trend. The notation of wave 1 still has the possibility of turning into a correction wave if you look at the wave structure that is occurring. but there are limits that can be ascertained, that is, the price cannot fall to the invalid area, when the price drops more than that, the bullish trend may change. look for areas to go long
by Hokusai_FX
2