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Usdchfidea

USDCHF | PERSPECTIVE FOR THE WEEKIt has been a while since I published anything on USDCHF due to validity of previous bias. With over 300pips in our direction since last publication (see link below), it is now glaring that the present structure is so ripe for a reversal (at least a correction move since the downward spiral began in March 2020); As the Greenback pushed higher last week to close in the positive territory, Price broke above my Key level @ 0.91250 with signals that scream "Rally"! Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand| Reversal Pattern | Breakout Observation: i. Since Impulsive decline that began mid-June 2020, Price action appears to have stalled in the Demand area and culminated to make a Double Bottom Structure signifying a Reversal structure. ii. Breakout of Bearish Trendline followed by an immediate restest @ 0.91000 which also coincides with the Breakout of Key level confirms the strength of Buyers. Trading plan: BUY confirmation with a minimum potential profit of 230 pips. Risk/Reward: 1:4 Potential Duration: 1 to 4 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
SCENARIO 1: Too Many Candles Blocking Our Open Road to ReversalI have made more money off this pair than any other - it is my favorite to study and trade. That being said, using ATS software and spending most of my Saturday studying the structure I have decided to follow the trend. While I am eagerly awaiting the long breakout, I feel a gut instinct it is still premature to take a long position. This is one of the ways I could see the pattern unfolding if the spread increases. We will see sharp highs and lows. Let me know what you think - criticism is always welcome :)
by moxiewatts
1
USDCHF is bounced from 0.90000 markUSDCHF USDCHF is making a big falling wedge pattern which is similar to the WXYXZ Elliott impulse wave pattern is a indication of the buyers are gaining some strength to make this pair more bullish Yesterday the upside resistance trend line was broken and it's currently in a retest phase which will give as a good risk reward ratio We can open buy orders at this level and the potential take profit will be 0.92000 which is a major psychological and it's coordinates with the upside trend line which is still intact since may If the major trend line is broken we can expect a longer bullish run towards 0.97000 In H4 chart the price is trading above the 50,100 Exponential moving average and the next hurdle is a 200 EMA will act as a recent resistance to the bullish run If the price broken at 0.91500 it's a clear sign of more bullish trend Please like, subscribe and share your ideas and charts with the community Disclaimer! This post does not provide financial advice. It is for educational purposes only
Long
by forexorbit
1
USDCHF, 4hr timeframe, buy above the kumo cloudHello my friends, Another setup coming to everyone. This time is USDCHF pairs. Notice how price already broken above the kumo cloud and currently continue going up. I think there is a possibility for price to continue going up until 0.9195-0.9200 area which is the nearest resistance. I am waiting for price to retrace around 0.9115-0.9120 before initiating buy position Buy USDCHF at 0.9115-0.9120 Stop loss 0.9075 Take profit 1 @0.9155 Take profit 2 @0.9195 RR ratio is 1:2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9095. The pair is consolidating in the resistance and support wedges. The price is moving towards its resistance level at 0.9133 and it can rebound back after touching resistance level. The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the resistance level, it can break its support level at 0.9061. If it breaks the support level, then its first target price will be at 0.8946 and the second target price will be at 0.8875. 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
4
USDCHF ::: BULLISH24 AUG 2020 INSTRUMENT: USDCHF TIME FRAME: DAY CONFIRMED: 4h, WEEK INDICATORS: ICHIOKU KINKO HYO STOCHASTICS BUY ABOVE: .9136 STOP LOSS: .9122 TGT 01: .9171 TGT 02: .9187 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Short
by ajithchand-bhandaari