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Usdchfprediction

USD/CHF approaching key supportHello traders, hope you all had a nice trading week. We had very intense working week as we work hard to launch our web page in near future. But of course that is not an excuse to stop trading, however we did little bit less trading than usual. Now, let's take a look at USD/CHF on 4H chart. We did made some nice pips by shorting this pair earlier this week, you can check that idea it out below this idea. Price has been closing in on key support and indicators is signaling us that price is loosing it's momentum and now is looking for bullish price movement if support line holds. Let us know what you think about this idea and don't be shy to leave a comment as we always try to reply to them :) Don't forget to follow us here and like our ideas as it helps to grow our channel. This week has been really busy for our team as we are making our new webpage and as well Telegram Channels. Hopefully we will launch it in very soon future and then we will have much more ideas to publish here on Trading View and on Twitter . Good luck with you trades !
Long
by UnknownUnicorn3249870
1
USDCHF setting up for a SHORT trade at RESISTANCEUSDCHF has pushed through WR1 RESISTANCE and is now headed towards strong resistance at .9792 area. I've placed a SELL LIMIT order at .9792 with a STOP just above at .9813. Looks a decent set-up for a 21 pip risk as USDCHF has failed to break this area since mid-March and even then the BULLS relented after failing to push higher. Average daily range on this pair is 78 so we're unlikely to reach these levels today but tomorrow will see if the BULLS can continue their advance if we don't get SELLERS entering the market before that. ADP Non-Farm Employment Change up at 13:15 GMT so that my play a large part in determining USD's direction for a while.
Short
by theforexportal