Usdchfshort
USDCHF: BearishHello Traders, here is the full analysis for this pair , I suggest you keep this pair on your watch-list and see if the rules of your strategy are satisfied.
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USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.93865
TP: 0.92355
SL: 0.94774
Bias: Short
The price pattern , the momentum and volatility pattern of the pair indicate a short term bearish bias which may result in a selling opportunity. By following our projection , we can expect a high probability sell trade.
USDCHF Daily Short!
Overview:
USDCHF has reached levels that last experienced days of heavy testing dating back 25, Mar 21 through 05, Apr 21.
Considering price has approached this zone three additional times, it is likely it will penetrate a little deeper prior to sell-off.
0.94791 - 0.94983 has Confluence of Resistance and could be monitored for reversal cues on smaller time-frame if price gets to this zone.
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USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.92740
TP: 0.91481
SL: 0.93433
Bias: Short
The price wave of this instrument is stuck in a range again. The ups and downs of this instrument between two extremes again can open up an opportunity for a short trade. We anticipate a short movement from the current price context.
Short USDCHFWhat I see:
- Stochastics crosses whilst overbought in 1hr chart.
- Stochastics looks to soon cross and currently overbought in 4hr chart.
- Resistance zone rejects price 6 times.
- Support zone rejects price 3.
What I expect:
- Stochastics to cross in 4hr chart.
- Price to reject from resistance zone towards 0.91501.