USDCHF still looks bearish to me...I'm still looking for this one to form lower low levels and my ultimate target would be the 0.88 level, but for now, I'm still looking for this one to test the trend line on the weekly chart. The dollar is still weak and while hyperinflation is starting to kick in slowly I think we are going to see the dollar index falling a bit more and that can help us to pull down this one as well.
My entry point is on the 1hr chart but my long-term technical analysis is based on the daily, weekly, and monthly. And as always RR is minimum 1:2
Usdchfshort
USDCHF could break the trendline to find new lowI'm not really into USDCHF but I can't keep ignoring the fact that on the daily and weekly charts we see a beautiful trendline waiting to be broken or at least tested to the downside.
Not to mention the fact that the dollar is weakening across the board...
So... Let's see... A nice RR of 1:2 is already making this a sweet trade. Cheers!
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.
Wait for a sell signal in the sideways price zone with USDCHFH1 time frame.
Structure: Sideway structure with amplitude from 0.91600 to 0.92700.
At the current resistance area, the uptrend has weakened. There is a high probability that a divergence signal will form.
Wait for the divergence to complete and confirm the downside, then you can look for a selling opportunity with USDCHF.
The profit target is the 0.91600 price zone.
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Wish you all have a good trading day!
shortusdchf typically its bearish order flow, as we can see previous bullish HL was broken and price created a LL justifying a change in price action, and now we can see price went to grab liquidity as well mitigating some orders to H1 OBIM.
i have set a sell limit when price comes back again to test the block and execute my sell order for a 165 pip TP & a 10pip SL. R:R=1:16
Potential Shark Forming 🦈🦈USDCHF - Potential shark, looking to short against the trend with the Bias of an .886 pullback on the weekly TF completing this shark/filling imbalances/mitigating OB's before then looking for a potential bullish continuation.
Let me know your thoughts!?
** Disclaimer ***
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
USDCHF Short with 3 confluences (Zero Indicators)LIST OF CONFLUCENES:
1. Trendline breakout showing bears are in charge.
2. Key support level broken.
3. Change in market structure and new low formed.
Summary:
Trade has the potential RR of about +- 2.7. Trade will be entered on Monday during NY session. Targets are set using fibs. We never risk more than 2% on nay trade. if we get sopped out we move to the next one. If T.P gets hit, we move on to the next trade. No emotions No B.S! No systems can win 100% of the time! No matter what strategy you are using!!!!