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Usdchfprediction

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
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
USDCHF could go up, but be careful#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart. However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a prolonged sell-off. US Dollar is still struggling and there's no guarantee that the double bottom formation would work here. That being said, this trade offers a good R:R(Risk/reward ratio) and hence, I am looking to place 2-3 standard lots of buy trades in this support area.
by YourLazyTrader
4