Usdchfforecast
USD/CHF Setup UpdateHey Guys!
At the current moment the weekly bias on the usd/chf is still long.Or in other words, price is likely to reach 1.00641 before reaching 1.93699.
That said, I'm still currently looking for a short entry. In this post I explain the dynamics of the weekly bias as well as the reasons behind why I'm looking for a short entry.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
USDCHF - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on USDCHF.
Here we can see that price broke the market structure, so I am looking for a short position if price rejects from bearish orderblock + institutional big figure 0.99000. As a target I expect price to fill the imbalance below from 0.96639.
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USDCHF | Perspective for the new weekPrice is currently within a strong supply zone which has a strong memory of selling pressure at around 0.98500. Are we going to be witnessing another selling pressure from this zone this week or a breakout of this zone to the upside will signal a bullish momentum?
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USDCHF ! Trading in major resistance, long trade idea USDCHF is trading around 0.98600, a level tested twice before. It is very important that this level is a good resistance at this time. For me, the trading forecast is that this time the USDCHF will rise and the rise will continue. Because Price action is still no bearish momentum.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96654
TP: 0.95484
SL: 0.97805
Bias: Short
The price pattern is displaying a bearish bias . If we consider the current price actions and the current dynamic trends at macro or micro level, one specific pattern is obvious and that is the upcoming selling opportunity. Considering the sentiment and overall directional bias , we can go for a short set up.
USD/CHF Possible SetupHey Guys!
At the current moment the weekly bias on the usd/chf is long.Or in other words, price is likely to reach 1.00641 before reaching 1.93699.
That said, I'm currently looking for a short entry. In this post I explain the dynamics of the weekly bias as well as the reasons behind why I'm looking for a short entry.
That's it! I'll keep you guys updated!
Ken
USD/CHF: Three black crows erase head-and-shoulders bottomThe dollar-franc pair ( USD/CHF ) is recording its third straight day of losses, and is about to form a "three black crows" pattern, which is characterized by three consecutive bearish red candlesticks with lower highs and lower lows.
A three black crows pattern typically indicates a bull trend reversal and a shift in trader sentiment. This pattern formation on USD/CHF also invalidates the false bullish signal that had been given by the formation of a head and shoulder bottom earlier this month.
MACD also shows a bearish crossover. The last time it happened in July the pair extended the downside movement.
USD/CHF is now testing the lows of August 19 and the next support is given by the psychological level of 0.95 which also corresponds to August 18's lows.
Fibonacci retracement between August 11 lows and September 6 highs has already exceeded the 50% key mark and now stands at 38.2%.
Below 0.95, next supports are given by 0.9491 (23.6% Fibonacci) and 0.9372 which would then complete the retracement to July lows.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com