Usdchfsell
usd/chf buy on pullback?hey traders,
you can see price has created a inverted head and shoulder patter which is a reversal pattern after a bearish downtrend since March.
as you can see price is at the top of the bollingerbands which is also another confluence of a pullback, but i expect a pullback to the weekly support which is also the neckline of the inverted head and shoulders pattern.
if the neckline is respected - we can expect to see price to push up towards the 0.5 fib region which is also a nice area of resistance on the daily timeframe
await pullback
USDCHF Short Play --> Potential for 20:1 R:RBased on current price action you can see the trend is creating consistent Lower lows and lower highs.
Based on the two latest structure points, you can see price has retraced to the 78.6 fibonacci extension, and we've now had multiple rejections of the fib.
Keeping stops very tight here, but with USD looking weak, the short play looks highly favourable
Take profit at $0.89662
Hope this helps.
USDCHF - SWING - 24. AUGU. 2020Welcome to our weekly trade setup ( USDCHF )!
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1 HOUR
Very bearish price action and break below main sr.
4 HOUR
Overall bearish market structure.
DAILY
Expecting another push to the downside..
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FOREX SWING
SELL USDCHF
ENTRY LEVEL @ 0.91010
SL @ 0.91540
TP @ 0.90270
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
USDCHF Bearish and going under 0.90Yesterday it gone above 0.92 but today it has almost retraceback yesterdays high. Trend on all time frames is still bearish and It long term charts pointing going under 0.90 towards 0.87.
Entry is at market 0.9158
Stop 0.921
Profit target towrads 0.907, 0.9015 and 0.875.
USDCHF and Sell Area (9/7/2020)Sell limit
0.94100
SL at 0.94265
TP1 at 0.93945
TP2 at 0.93855
TP3 at 0.93740
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
USDCHF and Sell Area (7/7/2020)Sell limit
0.94272
SL at 0.94400
TP1 at 0.94154
TP2 at 0.94047
TP3 at 0.93930
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
USDCHF [ Analysis for the Week ahead ]Simple Analysis for USDCHF :
Overall trend is bearish, we have more downside targets to hit however, if current price holds we could see a new pullback to above SUPPORT & RESISTANCE Area then we'll look for SELL. Otherwise, if price action gives enough confirmation we may look for SELL from here.
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