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Usdchfsetup

USDCHF 21May2023when the price rises more than the red line, one of the signs that a reversal has occurred. most likely is to enter in the early stages of a bullish trend. The notation of wave 1 still has the possibility of turning into a correction wave if you look at the wave structure that is occurring. but there are limits that can be ascertained, that is, the price cannot fall to the invalid area, when the price drops more than that, the bullish trend may change. look for areas to go long
by Hokusai_FX
2
usdchf updatealthough chf looked there is a good chance for a short position, I had an SL last week. after hunting 2 major demand zones, chf had engulfed a good place and now is there are 2 setups, a long and a short which are visible on chart, ⚠️ Notice: I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5. Please trade with your own money management methodology and be aware that trading has its own risks and rewards. Good luck ❤️
Long
by mirzaeiamirsoheil
2
USDCHF - CURRENT SITUATION#USDCHF - At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US. - Currently, the MARKET is becoming RISK ON and USD is a bit WEAK because of that. Anyway, the FED MEETING is scheduled to be held today. Yesterday US CPI data was NEGATIVE. That's why USD was WEAK yesterday. - There is definitely a high possibility that USDCHF will go UP a little more and move to the 0.9462 LEVEL. Anyway, USDCHF price can go down to 0.8860 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall