Usdchfsignal
Analyzing USD/CHF and taking a look at a low-risk buy set-upOverview - Recently, USD/CHF has slid below the 0.93 level.
However, on the lower end of the 0.92 level there lies some support. Let's
take a look at whether buyers have a good chance.
Analysis - From the chart we can see 0.9220 level can provide some support
if price drops to that level.
Probable trade set-up - Based on the support level, a buy entry at 0.9220 with
SL below 0.9180 and TP at 0.94 is a low-risk trade set-up.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
USD/CHF Broken Resistance, Now Testing As SupportThis broke above resistance and is now retracing to test it as support. Looking for a long entry between 0.382 and 0.5 Fibonacci, can use 1HR timeframe with MACD to more accurately pinpoint when this turns higher.
Above there is a big resistance level so I am setting the TP at the bottom of this at 0.91833 and SL is just below 0.786 Fib
USDCHF sales from the level of the main target 0.88770USDCHF sales from the level of the main target 0.88770
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
USDCHF | Perspective for the new weekThe price moved in our direction (180pips) as predicted in my last speculation on this pair (see link below for reference purposes).
After a 2 month long battle, Buyers finally broke above the key Fr0.89300 level (neckline) on Thursday... A complete reversal pattern is formed (Inverse Head and Shoulder) as I anticipate a rally soon.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern (Inverse H & S)| Breakout | Supply & Demand
Observation: i. It is fascinating to see how my Key Level @ Fr0.89000 becomes a decision maker last week after an emphatic breakout.
ii. Buyers finally redeems the hope of going Long in the coming week(s).
iii. After finding bottom @ Fr0.87600, Price has continued to appreciate as it keeps finding Higher Highs till the Breakout happens.
iv. I can not ignore the appearance of the Inverse H & S (a very strong reversal pattern); Bearish Leg that began mid-2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89000); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder to usher in a successful Breakout.
v. Looking forward to a correction into Demand zone as I shall watch out for significant spring up from this proposed new Demand area.
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 10 to 20 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
USD/CHF - BUY - TRADE SETUPUSDCHF - Looks Like Bullish Trend Started.
Head and Shoulder Pattern Neckline also broke.
Entry is On Retest Level. Wait for Confirmation Candle.
What Do You Think About This?
Please Comment below & LIKE to Support us.
If you want Chart Analysis for any Currency Pair or Instrument.
Kindly mentioned in the comment section. All the Best !!
USD/CHF Short After RetraceLooking to short this since it has made a retrace back to 0.5 Fibonacci. For safer entry wait for EMA's to cut for short and MACD to remain below 0 which would confirm this is staying bearish.
Target is the low of support at 0.88389
SL is set just above 0.618 Fib around 0.89800 area
UsdChf Long!UsdChf is forming a clear break and retest along with a head and shoulders forming at the bottom of the trend. Spotting clear Bullish Divergence to really help this one take off. Use proper risk management as always. If this stop loss hits ill enter one more time closer to the bottom of the retest structure for good risk to reward ratio.