Usdchfprediction
USDCHF Daily Harmonic But Analysis and StrategyWe are predicting the bearish Bat Pattern to complete as shown on the daily chart. Price action is showing a downward trend giving the pattern confirmation. We still have an open short position which we will close at the completion of the predicted pattern. FX:USDCHF
USDCHFDollar against the Swiss Frank is currently on a strong support level, it may bounce to be a long or it may break the support and go on a short, in anyways, I posted this just to let other traders know that they should put on eye where chf goes next week, probably we may consider a trading pair for next week.
Hope everyone had nice profitable week and wish all is well with you guys.
Have a nice weekend.
USDCHF, WILL THE BEARS RUN?Hello traders, today we bring you an analysis of the USDCHF, we are expecting a drop, however we do not have the needed requirements to open a position yet.
We recommend you to wait for a break of the trendline or a touch in our resistance level followed by a reversal candle (closure), you can also look for entrys at the 15MIN and 1H timeframe!
Best of lucks,
GlobalYouthTrading
Analysis with 250 pips of benefit #USDCHF The USD-CHF broke the resistance on 12 April and very quickly returned to fall. You can see that it stopped in the breakout zone, meaning that this is the ideal time to enter the long position because it is a support area and we are close to it(we can place our stop loss very close and reduce our risk).
You can also see the Stochastic found in the Oversold.
Entry price: 1.0070
Stop loss: 1.0030
Take profit: 1.0302
USDCHF Bearish CandleStick Formation: Potential ShortIn the daily chart, USDCHF is showing bearish candlestick formation for the last 4 days. Candles are having small bodies and long wicks with each candle unable to break the previous high.
Hence, it might be a good idea to go short at 1.0195-1.0220 with SL above 1.0250.
TPs can be set at 1.0130 and 1.0080 respectively.
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