Usdchfshort
USDCHF Market Breakdown 21-11-2021USDCHF /4H
After a strong bull run in the dollar index, USDCHF responded aggressively towards the bulls who took
the upper hand, but recently, the price rejected the weekly trend line, indicating this bull run might have been finished
and it's time for sellers to take the upper hand.
Trade safe,
Trader Leo.
USDCHF Sell a break.USDCHF - Intraday - We look to Sell a break of 0.9269 (stop at 0.9283)
We are trading at oversold extremes.
A break of yesterdays low would confirm bearish momentum.
20 4hour EMA is at 0.9270.
Expect trading to remain mixed and volatile.
Our profit targets will be 0.9228 and 0.9218
Resistance: 0.9290 / 0.9310 / 0.9330
Support: 0.9270 / 0.9250 / 0.9230
USDCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHF Bearish ideaSee the linked chart for the longer term cycles and the reason for my bearish view. On the hourly we have divergence on both the histogram and the MA's followed by convergence. There is a current 4 hour support level which I expect to cause a small pull back which we can use to enter with a better risk reward.
Shark Complete In Nice PRZ 🦈USDCHF - Shark complete and price is currently at the .886 of the weeky pullback, liquidity has been taken out, DXY is still bullish so be careful price could push higher.
I don't think price will break the weekly high because of the imbalance trapped below and the mini double top currently forming, price is looking like it's going to reverse (For how far I don't know)
But it's looking good for a swing with the location of PA!
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.
If your interested in knowing more about my specific trading strategy contact me directly or follow the link to one of my free groups!
Thanks guys!