Usdchfshort
USDCHF | BREAKOUT IS NEARUSDCHF has been trading in bearish parallel channel, it is respecting the upper falling trendline and current price is trading near it.
As highlighted on the charts, we have minor horizontal resistance and if bulls successfully taken out we will be bullish.
Trade your levels accordingly.
USDCHF SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on this pair as we are in a clear bearish market strucutre with bearish bos and lower highs / lower lows. I will take my short entry only if price will reach the premium market are on the fibonacci somewhere around 0.93500 + bearish orderblock on h4 as i think that area should hold for a SHORT.
The retail heard is LONG on this pair and this should add more confluence to our trade
What do you think ? Comment below..
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.92640
TP: 0.90924
SL: 0.93909
Bias: Short
The technical analysis of USDCHF suggests a potential down move due to recent weakness of dollar. The pair is now oscillating around its support level and the price level can be broken due to impending volatility and momentum.
USDCHF Analysis 25/3/22 1hr Update:
Would like to showcase my best trade from this week, I know my charts are messy but I would just like to show my logic for taking this trade, it had everything I was looking for, I just had to decide where my profit target was. this grey box was around the level I started to get out of the trade. I looked at the 4h structure and you can see from the topping out formation we made bearish structure, perfect retests of the 0.79-88 fib.
once price yesterday made a retrace to the 0.79 I started looking for a short, my entry was actually on the 15 min chart and it was actually a 6 pip SL. I was close to being stopped but it held structure and continued dropping, we got stuck at the 93 level for hours and I did consider scaling in at this level but I left it.
I seen a nice profit target, the market structure on the 4h bearish and we caught a lovely 7R trade I did only use 0.5% risk but a 3.5% is a good way to end the week!