USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98389 where it could potentially react off and up to 1st resistance at 0.98763.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Usdchftrade
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.98704 where it is could reverse down to its support at 0.98043.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.98616 where it is could reverse down to its support at 0.98148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Swiss Strength Play - USD/CHF Ichimoku Short Trade SetupThis is the same setup as last week which is already in profit, but I am looking for more chances to get short. We are testing price structure support from last week right now, a break of that will give us another chance to add to our sell, or re-enter. I still have multiple levels I've drawn out where I plan to take partial profit at, and I will leave some of the position to run as long as a bearish trend stays intact. If we fail to break the price structure support we're currently sitting at, then this setup may become invalidated.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98148 where it could potentially react off and up to 1st resistance at 0.98962.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF approaching support, potential for a bounce!
USDCHF is expected to drop to 1st support at 0.98148 where it could potentially react off and up to 1st resistance at 0.99014.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USD Weakness Trade - USD/CHF Ichimoku Short Trade SetupAnother play on possible USD weakness with the FED rate cut being certain. We are near the edge of the kumo and major price structure resistance for this time frame. We already have a bearish kumo twist, chikou span is below price, and we're in a bullish TK cross so confirmations are looking pretty good right now. If we can break and hold below our trigger line we can get short. I've drawn out some partial take profit levels to aim for along the way to the longer term target that I've seen at recent major price structure support. If we fail to break support or form a bearish trend, this setup may become invalidated.