Short USD/CHFConfluences:
+ Trendline
+ Round number
+ Fibonacci Retracement 0.6 + 0.7
+ MACD Divergence
+ Pivot Point
+ Flip Zone
- Take Profit:
+ next Support / Resistance
+ Or Price Action ( My Favorite way )
Usdchfidea
USDCHF| FALLING WEDGE|ANALYSISPRICE ACTION:
• Price action finds first resistance (1), where it reverses direction and goes downwards till
finding first support (2).
• Price action reverse direction from support (2) and goes upwards, till finding the second
resistance (3) which must be lower than the first resistance (1).
• Price action reverse direction from resistance (3) and goes downwards, till finding the
second support (4), which must be lower than the first support (2).
• The pattern is completed when price action reverse direction from (4) and goes upwards till
it breaks the wedge's upper border at point (5).
TRADING THE PATTERN
• Trade entry: after breaking the wedge's upper border at point (5), with an entry after
confirming the breakout.
• Take profit: identified by measuring the vertical distance from the wedge's highest high (1)
to the wedge's lower border, that measurement is then applied from the breakout point
(5).
• Stop loss: the wedge's lowest low (4).
PLEASE LIKE THE IDEA IF YOU FOUND IT USEFUL.
USDCHF | Possibly a break of the downtrend line +180 PipsWelcome Back.
Please support this idea with LIKE if you find it useful.
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It may rise towards the ascending trend line and possibly re-test the trend line and then break it according to the scenario that you set
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USDCHF - sell zoneExcellent level suppression.
Level breakdown.
In retest, you can enter with mathematical stop loss.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
USDCHF BUYThis is USDCHF 4H timeframe analysis, i'm seeing that the market is gonna come up for retracement which is buy first then SELL.
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 50 - Dec 07
M > Price has been bearish for 3rd month in a row and is testing monthly demand level now. Price can continue with its drop if it fails to correct itself, we can see bullish divergence hence some short term correction can be expected.
W > We can see nice bullish divergence and can expect correction to the upside.
D> Market closed the week with minor correction to the upside. We can see an over extended M formation and can have two possible targets.
As per COT CHF closed Long and added few Short with strongly +ve net positions. SXY has been gaining strength for past 3 weeks with a massive gain last week. We can expect some correction this week as strong bearish divergence can be seen for SXY.
4H > We can see rejection of price at demand level and expect bullish correctional move.
Pair Correlation > USDCHF has 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
UsdChf- to break important supportThe trend for UsdChf is strongly and clearly down. Since the recent touch of 0.9 support, the pair traded in a 200 pips range and I think this range is about to broken down.
With DXY also strongly bearish, UsdChf can drop to 0.87 zone in the medium term.
0.9050-0.9070 could be a good place to search for selling signals.
My bearish outlook is negated by a daily close above 0.92
USDCHFAlthough there is a strong bearish channel but I see a possible upward move in USDCHF currency pair,
USDCHF Buy Position | Seconds IdeaThere are now two options for trading in two different directions.
This is the second position in this idea.
Seconds Idea
USDCHF Buy Position | First IdeaThere are now two options for trading in two different directions.
This is the first position in this idea.
USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF
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⏳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
—————-⚜️——————-
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
USDCHF, A BIG PICTURE....Monthly,Weekly Channel Broken.
0.90 seems to be strong rejection.
Dollar is making recoveries so there's a probability
that it will hold that zone if monthly candle closes
above 0.9 zone.
USDCHF - Expanding Diagonal PatternThe upcoming pattern is too rare, the analysis may confront error. If the pattern is detected correctly, we should wait for the price to rise to the level of 0.9296 as an initial target.
We will get the confirmation of this pattern, when the price crossing the range of 0.9147.
USD/CHF Technical Analysis
The counter has been coiling within a 300 pip range.
Now, it is at the lower end of the range and taking the support.
We expect the pair to head higher to the upper end of the range.
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.
USDCHF Awaiting a push up to the upsideI ma expecting a breakout of the corrective pattern as shown on the chart, Confirmation level, and invalidation level is as shown on the chart analysis
potential buy setup HELLO TEAM, USDCHF has created a bullish continuation pattern the next 3/4 candles shall be very important to look out for
POTENTIAL LONG/ SHORT OPPORTUNITY ON USDCHFPotential Long then short opportunity on USDCHF.
Will watch price action on LTF and wait for my entry trigger.
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
