USDCHF: descending channelThe USDCHF is moving within a descending trend channel, and the price has reached the upper part of this channel, which also acts as a strong resistance level. Therefore, further decrease is likely. The targets are the lower support levels and the lower part of the channel. It's recommended to observe how the price reacts to this level.
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Usdchfshort
USDCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from institutional big figure 0.88000.
Fundamental analysis: Upcoming week on Friday will be released monthly CPI on CHF, as well NFP and Unemployment Rate on USD, one of the most important news. Pay attention to the results in order to validate the analysis.
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USDCHFConsidering the price approaching the upper level of the daily descending channel, which coincides with the 4-hour supply zone, as well as the close proximity of the price to the long-term daily demand area, as indicated on the chart, there is a higher probability of price decline.
If you decide to trade, wait for confirmation of a price drop in the channel's resistance level.
USDCHF downtrend incoming soonAs we are in choppy and consolidation market, expecting a move to arrive for the downside and target 0.8660. we are in a deep long term bearish trend which I expect to resume once we get out of consolidation phase. Expecting Price to Retest its resistance level around 0.8830 level once more before declining.
USD CHF SHORT Risk 0.5%
TP1 = 1:2.5 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
USDCHF –waiting for resumption of the main trend 21 Aug, 2023Anyone looking at the daily chart would agree that the overall flow in this market is bearish. I am waiting for the current counter-trend move to get exhausted and evidence that the bearish move has commenced. Two possible locations of such reversal are the zone I have marked or the major s/r area around 0.900.
I will be monitoring price action on H4 and H1 time frames for some bearish evidence. The initial target is in the 0.8550 region. If, however, we see a bullish continuation move with momentum, my analysis would get negated.
Being prepared for the unexpected is a good policy in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
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USDCHF SellMy idea for the USD/CHF pair is as follows: We can observe the formation of higher highs (HH) and higher lows (HL) . Currently, the price appears to be in a downtrend that retraced and absorbed an imbalance . This scenario could potentially lead to a continuation of the downtrend.
To calculate a 1% stop loss of your balance, you use a lot size calculator. RR: 1:1.49
USD CHF SHORTRisk 0.5%
TP1 = 1:2.4 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
USDCHF Sell SignalHello Traders,
I realize it has been some time since I last shared any signals on TradingView. However, today I have identified an appealing opportunity that I wish to bring to your attention.
Pair: USDCHF
Position: Sell
Entry Point: 0.8790
Take Profit: 0.8560
In my analysis, the 0.8790 level appears to be a solid entry point for a sell position on USDCHF. The most secure rate to set your take profit and close the sell order would be around 0.8560.
I hope that this signal can assist you in achieving a profitable trade.
As always, please remember to apply proper risk management and consult your financial advisor if necessary. Trading involves risks, and it's vital to trade responsibly.
Wishing you success,
FireXForex
USDCHF looking to go ShortToday is an important event CPI at 8:30am Newyork time, Expecting a first move to be a manipulation one and after that price should drop down towards the target level.
As per experience we should always wait for the event to get over and then should take position in a respective trade setup.
USD CHF SHORT #172
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
USD/CHF: Potential swing trade shortLat week we saw USD/CHF pull back from the 0.8800 area, after its rally stalled around 0.8800, the 50-day EMA and failed to rest the May low.
Prices have drifted higher during Monday's Asian session, but seemingly hesitant to break above the 2021 low. The bias remains bearish beneath last week's high and for a move to 0.8600.
Who knows, if US CPI comes in soft enough, we could even be looking for a break of its YTD low.
USD CHF SHORT SCALPRisk 0.5%
TP1 = 1:1 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.