UPDATE on USDCHF Short tradeHello traders, this is the update on the USDCHF trade that I forecast on Jul 6. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
Usdchfprediction
Potential Long Trade in USDCHFUSDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172.
This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks.
I like this set-up because of the good risk/reward ratio and the potential profit will be much bigger than the amount I am risking. There's a big chance that USDCHF will bounce from this area and reach 0.99 level.
USDCHF - BUY SetupPrice seems to be rejecting a critical level within the corrective pattern.
We plan to go LONG from here.
Good Luck
USD/CHF WEEKLY FORECASTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
USDCHF Long Trade Analysis
Hello traders, here is the analysis for USDCHF. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
USDCHF LONGI will not be taking this trade as I don't want to over trade and I'm happy with the trades I am in right now (never over trade, easy way to lose money!).
This pair could start reversing from this point but I would personally wait to see if their is a push into the 0.92900 region.
Easy charts on the eyes, simple analysis, simple set up and the best part...? a 23 pip SL!
7.3 R:R
USDCHF IDEA FOR BULLSSee how this can assist you...im not trading it just got asked what I thought!
One Move One Kill
Yellen
USDCHF wyckoff accumulation or rebound?I personally think that we are currently the Wyckoff accumulation zone, and have reached the stage C
The reasons for long as follows:
1. Since 2008-03-17 oversold rsi signal, volume and price divergence.
2, August 2011, panic selling, the rate reached 0.7, but the supply has been exhausted, quickly rebounded to the rate 0.99, naturally fell back to the rate of 0.87, demand increased (the supply is almost exhausted!)
3. The rate is between 0.92-1, during the period, demand is more than supply, March 12, in the global liquidity crisis situation, the rate dump hard, followed by a rapid rebound, currently rate fell to around 0.93 again, personal think that is the second confirmation of last support
Long-term strategy
1.put long-term orders near the range bottom
2. range traders, daily traders, can also buy low sell high in 0.92-1
3, Once SOS appears with a large volume, and breakthrough of the upper edge of the range, follow the trend, open long
Let's take a look at 4 hours chart, where to buy (for daily trader)
USDCHF bounced from support, potential for a further rise!
USDCHF bounced off 0.93662 where it could potentially rise further to 0.94068.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CHF Technical Analysis
The counter is currently in a triangle pattern, which shows uncertainty in the near-term.
With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement.
Hence, we expect the pair to move to the upper end of the triangle for now.
USD/CHF in a tight range| Wait for entryUSD/CHF in stuck in a tight range between 0.9530 and 0.9470. The best entry will be available when this range breaks.
If USD/CHF breaks down below 0.9470 then we can sell and target 0.9370.
However, if USD/CHF breaks 0.9530 and goes upwards, then buy entries may be possible.
USDCHF - BUYOnce price breaks support then buy to the green area
Price is ranging on the daily so I imagine it will stay bouncing around for a while before going back up
USDCHF - BUY
SL - 0.94804
TP - 0.95958
USDCHF LONGI anticipate that price will bounce off the short upwards trendline on the daily chart.
The US Dollar Currency Index shows a strong inclination to support USDCHF long prediction as it's also moving in quite a similar direction.
Entered trade at 0.93870
A risk-reward ratio of 1:7.89
SL: 0.93540 (-49.1 pip risk)
TP: 0.95326
TP2: 0.96708
TP3: 0.97905
It should be an interesting pair for the next week or so. Swing trade all the way.
SELLING OPPORTUNITY ON USDCHF USDCHF is currently showing potential for further bearish momentum. i will be looking for price to find support around where it is currently trading to then move bullish to create an opportunity for entry. Entry , stoploss and take profit levels have been marked.
Do no risk more than 2%
