Usdchfsetup
USDCHF | Good Sell Opportunity.When it comes to USDCHF , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area .
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
USDCHF 1D Analysis & Trading StrategyHello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
This is my opinion, I really hope this will be useful for you.
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TELEGRAM : in description ( we will start on January 17, 2022 )
LINKEDIN : AfricanFX
USDCHFThe US dollar rallied against the Swiss franc last week but has given up the gains. Quite frankly, this is a market that I think will try to break down below the uptrend line, sending this market down to the 0.88 handle. If we do break this trend line that I have drawn on the chart, look out below. Otherwise, I would anticipate a lot of sideways nonsensical Brownian motion.
USD/CHF 4HR CHART SELL SET UPHi everyone this is my trade set up for the USD/CHF for the new week ahead
USD/CHF has changed to a sell bias for me now, so i am expecting a pullback to the order block zone and will be looking for a sell trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
USD/CHF BULLISH!!!! THE PRICE IS VERY BULLISH FROM MONTHLY TO DAILY
In monthly time frame the price is creating higher highs and higher lows.
In weekly the price is over extended. If the price is over extended we can expect a correction. Also if we take fibonacci from high to low we can see that the .5 level is in confluence with structure. We can definitely expect the price to make a correction at least to the .618. Also the price is in demand zone. There is many confluence that tell us that the price could make the correction.
In daily the price is in consolidation.
-----In weekly time frame we can expect the price to make a correction to at least to the .618 fibonacci level.-----
USDCHF Analysis and Trade Idea... a long-to-short!USDCHF has entered a demand zone, and may potentially reverse here, as it returns to impulse.
USD is weak against CHF, so I do expect further declines in the upcoming week, at least for the short term.
There is a day trade for a long position to the bearish OB above.... then a more significant swing trade to the downside from there.