Usdchflong
USDCHF continues to riseThe pair performed as anticipated, an area of significance of which I had market was tested following the pullback yesterday. I performed according to plan
Holding long, based on the long-term projection of the pair, I shall watch how structure continues to unfold and manage my execution accordingly. I anticipate a continued rise for the day to 0.93980.
I am aware of the "red flag" news release for the USD, I see the news being used to shift the cycle upward, there still is the possibility that they may hit stops instead. My only job at the moment is to manage my entry according to plan and wait for TP to be hit.
USDCHF gearing to riseThis pair has finally pulled back, albeit not exactly in the manner which I had thought to see unfold.
Price has still performed in a way that I expected based on structure and the weekly cycle so I'm waiting to see further confirmation (possibly going into tomorrow London session) of an executable entry according to my trading plan. Patience is the key to success so I shall wait.
Given the USD is moving as I have projected I'm confident that I will get my entry soon
USDCHF | Live position reviewThis is a follow-up on our USDCHF posted on Monday (see link below for reference purposes);
With approximately 80pips running in profit, we have moved our stop loss to 0.93150 with 3 positions presently running. Let's keep our fingers crossed and see if the price will hit our TP. Cheers!
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
USDCHF | Perspective for the new weekThe identification of a reversal pattern on the 1H time frame could be a signal that awaits confirmation for a bullish continuation going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Entry: 0.92772
TP: 0.94268
SL: 0.91654
Bias: Long
The current price patterns reveal that the volatility and momentum is low and there is no significant progress in average daily ranges. But considering the proximity of support and resistance, we can expect a bullish bias which may culminate in a long trade though not very high probability one.