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Usdchftrade

USDCHF 1 HR LONGHello to all watching my charts Here is a fine situation to check what channel trading can do for you. I have marked the long channel here with +/ 2 and timeframe is 50 in a 1 HR chart. So you can copy that in your tradingview chart and see whats going on next week. At the moment the long signal is going for so for new positions long is too late in my view. But if you copy you will be able to check yourself whats going on For any help needed send me a bordmail. Best regards Renkotrade
Long
by Renkotrade
USDCHF Trade Idea using Markup Buddy IndicatorUSDCHF view as on D1 The triangle pattern marked is indicated by the MT4 indicator Markup Buddy. This indicator is excellent in drawing key support and resistance levels where chart patterns then come forward. # For more information on Markup buddy please read here www.profitfxza.com See my analysis below while using this tool: # Clear breakout of the resistance level # Clear retest of resistance as support # Pin bar printed signalling bulls taking control I will look to buy when price has pulled back to the mid level (50% retracement) of the said pin bar before looking to buy # Buy limit at 1.01617 # Stop loss below the 1.01308 support level # Targeting 550 pips as per the ascending triangle pattern This trade will offer an excellent risk to reward ratio (approx 1:10) so the cost of opportunity is worth the risk.
Long
by Cmasterza
Pay off the mortgage ;p This pairing is in an interesting place at the moment because it is reaching weekly highs it hasn't seen since August 2010... 9 years, price is currently 100 pips away from this level so we could see a bullish run up to it. Another possible outcome is the 1 we have drawn on the chart, price could come back down to retest this trend line that has formed and make a new HL ( higher low ) before going up hitting this massively strong resistance before coming down and breaking through our TL, if this is the case and our TL is broken this pair could sink quicker than the Titanic. We can only see bearish movement once price does hit this level as we can see USD weakness coming very soon and a possible recession. This is a swing trade so expect this to develop over a few weeks or months so if this is not your style then don't enter, this trade works well for us as we don't have to keep checking the charts so we can just sail off into the sunset on our Yacht and not worry about a thing ( I'm joking about the yacht ;p but I do have a dinghy if that counts ) If this trade plays out by the rules you will be able to pay your mortgage off ;p
by ApexFX_Pro
USDCHF - Short Trade Idea on the Daily ChartIntroduction: This is a very straightforward trade. Following CHF's weakness today across major pairs and a mild USD rally, FX:USDCHF is now back at the top price levels since March 2017, repeating itself over 5 times already. There were a series of higher lows and approximately same highs, forming an ascending triangle on a macro level but a slight bearish wedge once you zoom in, this represented on the charts by the dotted trendlines. The chosen timeframe here is the daily chart since it more accurately presents our point of view, containing more information and reinforcing the 4h analysis. How to proceed: Our team already opened two short positions with two more orders pending: one at the immediate resistance and another at the upper resistance, both shown on the graph. Take profit: Should all 4 orders trigger, our first take profit is an interaction with the first dotted trendline: approximately 80-100 pips. The next level should be the interaction with the second trendline and the rest will be set with a 40 pips trailing stop-loss. Move stops to profit once at least 25-50 pips in profit. This is represented by the arrows. Stop-loss (invalidation of analysis): Should it surpass the top resistance level, a stop-loss for all orders is set on 1.02. By then we will reavaluate the market conditions and make decisions accordingly. Indicators: We usually prefer naked charts, but the chosen indicator here is the Relative Strength Index (RSI), since it corroborates our bias. Side-notes: Switzerland has an export-based economy that relies heavily on its monetary policy to maintain competitivity on international markets. The SNB (Swiss National Bank) actively interferes in its currency price, often undermining it to enhance the country's exports. By the, a correction is due and this is the precise moment we stand on. Please leave your comments below and don't forget to follow us! Have a great trading session!
Short
by theforexcast