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Usdchfidea

USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF ********* ⏳14 Hour chart 🎲 Swing trade ⛳️Bullish entry —————-❇️——————- 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 —————-⚜️——————- 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 —————-⚜️——————-
Long
by forexorbit
USD/CHF on strong support level.Currently, USD/CHF is trading at 0.9033. The pair is trading in between resistance and support wedges from last 4 months and now the price has touched the support level. It can rebound back from here to start a new up trend. If the price moves upward and break 0.9068 price level, then it can move towards its resistance and its first target price will be at 0.9151 and second target price at 0.9202. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
USDCHF - Expanded Flat pattern in wave 4There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387. It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave If the price exceeds the range of 08978, this scenario will be violated. In case the price crosses the range of 0.9139, the ascending trend will be confirmed.
Long
by NirmataFX
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9146. The pair is trading in a downward resistance and support channel and just touched its resistance level. If the price goes below 0.9132, then it can start a new down trend and its target price will be the strong support level at 0.8988. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USDCHF Top-Down Analysis (Long then Short)Hello Traders, Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 46 - Nov 09 M > Price has dropped to test monthly support again, for the third time in past 4 months. W > Placing Fib on last bullish impulse we can see that price has already dropped till -0.272 Fib level. We can expect correction to the upside. We can also see bullish divergence. D> Price is respecting downward resistance trend-line. We can see an M formation and expect price to move up till its neck for correction. Price can then drop to test weekly demand zone and move to the upside till daily supply zone. As per COT CHF saw closure of both Long and Short, reducing net positions. SXY weakened during the said period however gained strength last week due to weak USD. We can see bearish divergence and expect some short term correction for CHF. 4H > Price ended the week with rejection to the upside however we have to use lower time frame for a reversal confirmation. We can see bullish divergence in 1H timeframe. Pair Correlation > USDCHF negative correlation with EURUSD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
USDCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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
Short
by GWBFX