Usdchfshort
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!!!!
USDCHF | Perspective for the new weekWe scooped a total of 150pips in our direction since my last publication on this pair (see link below for reference purposes) before the rally began and since the beginning of the new month, it has been a choppy session for this pair. Now, the appearance of a Bearish rectangle at this juncture technically insinuates that the USD/CHF might be set to plunge a little lower in the coming week(s).
NFP negative data coupled with deterioration in risk appetite in the last days of last week trading session has seen US equities and commodities come under pressure hereby benefitting pairs such as the Swiss.
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trend continuation (Bearish Rectangle)
Observation: i. Since on the 25th of November 2021, the price continued to spiral downward to a bus stop around Fr0.91600 on the 30th of Nov 2021.
ii. And since hitting a bottom, we have witnessed price moving between a horizontal support and resistance levels (supply and demand) in the last 3 days which transposes into a Bearish rectangle set-up.
iii. Technically, the bearish rectangle is a continuation pattern that occurs when a price pauses during a strong downtrend and temporarily bounces between two parallel levels before the trend continues.
iv. In this regard, I shall be looking forward to confirmation in the guise of a breakdown/retest of the rectangle's support level to join the decline train.
NB: Under the Key level @Fr0.91800 should remain as a yardstick for bearish options in the coming week(s)... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 120 pips.
Risk/Reward : 1:4
Potential Duration: 1 to 4days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDCHF Sell the top.USDCHF - Intraday - We look to Sell at 0.9352 (stop at 0.9369)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
We look for a temporary move higher.
0.9368 has been pivotal.
Confidence is 40%
Our profit targets will be 0.9305 and 0.9295
Resistance: 0.9345 / 0.9350 / 0.9370
Support: 0.9330 / 0.9310 / 0.9290
USDCHF Analysis - Wait for Downward Continuation Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy