USDCHF Analysis IdeaBreak of 4hr trend line which will lead up to the 4hr resistance (as highlighted) and then down to the 4hr TP ( as shown) to finish off the triple bottom. Please leave any feedback regarding my analysis, much appreciated.
Usdchfsell
USDCHF Market Structure AnalysisIf it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
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USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.97430 where it is could reverse down to its support at 0.96638.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD/CHF SELL SIGNALHey tradomaniacs,
welcome to another free trade-plan .
Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
Market-Sell-Order: 0,97265
Stop-Loss: 0,97750
Target 1: 0,96865
Target 2: 0,96400
Target 3: 0,96000
Stop-Loss: 48,5 pips
Risk: 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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USDCHF SELLPrice has been struggling to break through resistance at 0.97873 on 3 occasions after it was broken but came back in mid March. I'm looking to sell when price breaks the up-trend trendline to then take profit at support zone 0.95149
USDCHF potential bounce!
USDCHF expected to reverse up to 1st support at 0.96566 where it could potentially react and bounce to its resistance at 1st resistance at 0.97840
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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.
Keeping an eye on USDCHF for a potential wedge breakout op1. Price held resisted at the 0.9795 mark. Every time price approached this resistance level, you saw a strong bearish reaction each time.
2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken.
3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has traded to get a sense of buying and selling pressure sources. I'll be monitoring this on the hourly, but I see strong potential for greater downside play if this indeed turns bearish.
USDCHF reversed from resistance, potential drop!
USDCHF reversed off its resistance at 0.97750 where it could potentially drop further to 0.96698.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF short opportunity! On screen analysis...Hi All,
Last week I traded this pair with succes and was waiting on a new opportunity to go short again. The Down trend is still intact and Price got reject several times at a historic S/R level @0.96850. My momentum indicator shows a bearish pattern once again so I'm confident Price will start dropping very soon.
Be patient and ride the waves... StopLoss is @0.97500 and Target as shown @0.94600
USD Weakening strongly -SELL the USD/CHF at Market (.9638)SELL USD/CHF
Dollar index remain under 100 and the USD is weak across the board. I already have a SHORT USD/CHF trade but I'm adding to it as my in house indicator is flagging a STRONG SELL.
This pair looks to be returning to .95 support.
WS1 is the first target - expect a bounce there and then further USD weakness.
SELL USD/CHF at MARKET .9648My specialist indicator is flagging this pair as a SHORT trade.
With the Dollar Index under 100 and falling , USD SHORTS are worth exploring. On the daily chart the BEARS look to be well in control of this pair and with WS1 pivot below current price and under WPP Mid-Pivot, a run towards WS1 and the bottom of the shown channel is favourite.
I'm in at .9448 (green trend line) with a 83 pip STOP at .9731 and a TARGET of .9500 - which would be +148.
As usual, I'll be moving the STOP to BREAK EVEN or better as the trade progresses.
Might take a few days to hit target but its a set and forget trade that I expect to score with.
USDCHFGood trade set up position right after the support, which is now set up with new resistance and new support. All three take profits have been set now its just time to sit back and watch.
