Usdchfshort
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
USDCAD SHORTS FLOATING PROFIT 📉📉📉As i told in previous posts i took a short positions up there in the bearish breaker, price is literally colapsing. I target for SSL ( sell side liquidity ) to be taken out, targeting around 4-4.5R.
HOLD IT, we have a RISK OFF market sentiment and that should support our idea because we buy CHF.
What do you think ? Comment below..
Wait for the retest signal and sell confirmation with USDCHFH2 time frame.
Structure: Uptrend.
Key level of short term uptrend at 0.92500 has been broken.
Here, wait for the price to return to the 0.92800 area to retest and appear bearish reversal patterns, then you can find selling opportunities.
The profit target is the 0.91800 price zone.
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Wish you all have a good trading day!
USDCHF SHORTSExpect the price to colapse over there, we rejected a bearish breaker right into 0.92700 area, price should fill the bullish imbalances formed around 0.91500 key level where i will hold my first TAKE PROFIT, second TAKE PROFIT will be right below sell side liquidity area where i expect a draw on liquidity.
What do you think ? Comment below..
USD/CHF 4HR CHART SELL SET UPHi everyone this is my trade set up for the USD/CHF for the new week ahead
USD/CHF has changed to a sell bias for me now, so i am expecting a pullback to the order block zone and will be looking for a sell trade
look for pullback to zone lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
USDCHF Short SignalsTime Frame: 4H
Symbol: USDCHF
Bias: Short
The USDCHF is trending short. The price pattern is showing a short term bias for selling . This trend may continue this week. However, fundamental factors to strengthen US Dollar may significantly influence the trend ,therefore precaution must be taken to take any position.
I am counting with this three scenarios.First, pay attention to the next topics:
We just have inefficiencies to the upside on the 4H timeframe above the current resistence the we have.
We have a lot of inefficiencies to the downside on the 1H timeframe and 4H as well.
The short term bias of the majority of the reatil traders are towards the downside.
I expect at least a bounce up from the charts at this current range because market makers like to play with us.
Basically, I will go long because every is think that it will go down, and I have to say that it's a low probability trade setup that I took.