USDCHF LONG TRADE ENTRY ZONEHello! I have for you a very interesting long idea:
Stop on the chart. All details available on the chart, but if you need - please comment and let's discuss.
Usdchftrade
USDCHF Completed AB=CD PatternUSDCHF Completed AB=CD Pattern
Downtrend starts Two Bearish Target Given...
USD/CHF SELL LIMIT (4:1)two very strong resistance zones on the daily chart, as you can see the market has been rejected over 10 times at these levels since 2013. This is a very high probability trade, with an amazing Reward/Risk of 4:1
USDCHF - Important SupportAs we can see in the chart the Support zone is holding quite well. If the Support zone won't be broken we could see a nice long to the first Resistance level of 0,98500-0,98600.
USDCHF - Double bottom incoming before end of the year?If this pullback will reach the Support level of 0,97900 we could see a double bottom. After that double bottom we could see a raise to 0,99500 somewhere in the first week of 2019.
USDCHF SHORTISH Trending down USDCHF. If the trend maintains its structure, we may see a small bounce followed by a heavy downtrend. Since price is at the lower trend/channel I am looking for a sell entry closer to the upper channel/trend to ride it back down.
USDCHF Sell Trade IdeaUSDCHF Sell Trade Idea: Looking To Open A Sell Trade On This Pair. Smart Move Is Waiting For A Pullback Then Go In Hard & Have An SL Of 0.991 or 0.993. Looking For A Strong Move Down In The Coming Days.
USD/CHF - Nearing Support In the next few hours I expect a drop to the Support level of 0,98500. If the Support level can hold we could see a raise to the Resistance level of 0,99200.
To be updated.
USD/CHF - 2 Scenario's for a long trade!If the first support level of 0.99500 won't be broken we could see a possible raise to 0.99950
If the support level will be broken we could see a fall to the second support level which is 0.99200
Wait for confirmation of the first support level!
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USDCHF Sell setup USDCHF broke out sharply last week, expecting the correction to continue a bit before fresh falls, momentum across the board is in line so looking for short setups here.
Trade safe!
Thanks for your support.
Forget H&STaking contrarian view and betting against head and shoulders forming; predicting up-side stop-run.
USDCHF H4 - Broadening Top Patterns & Short SetupUSDCHF H4 Broadening Top patterns & Short Setup
LEVELS
SHORT USDCHF @ 0.99
SL @ 0.992 (20 Pips)
TP @ 0.978 (120 Pips)
RR: 6, SWING Setup!
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Trade idea on USDCHF1. Trend line broken to the down side
2. Using the breakout candle as reason for entering short at market price
3. Stop loss just above the breakout candle
4. Take profit placed at the beginning of the small up trend
Interactive - share your thoughtsFX:USDCHF
Ok, so I can see a clear break of the trend line and it is currently being tested from the under side. So this looks like a classic support and resistance setup.....
BUT
Did you see the massive inverse head and shoulder pattern on the weekly time frame? Did you see the ascending triangle pattern on the Monthly time frame?
My opinion would be to trust the higher time frames as there is lesser noise and the analysis is more "trustworthy". So if the higher time frames are showing strong bullish possibilities it means that the H4 setup could prove to possibly fail
OR
The bullish moves could fail and the bears prevail, price is around a key level after all and anything could happen. I would give it time to see what is indicated through price action before opening a trade...
What are your thoughts? Feel free to share.
USDCHF - where the bulls just wont give upFX:USDCHF
The bulls have been doing exceptionally well on this pair since the latter part of September to the point where the major resistance level has been reached and the inverse head and shoulder pattern has been completed with the exception of breaking the neckline - the current candle is above the neckline signalling the possibility of a bullish continuation however the candle needs to close as such to confirm the same.
I will be on H4 and D1 timeframe looking for a good entry to go long or for a sign of price reversal in which case a sell off could take place.
On my watch list and more details to follow.
USDCHF UPDATE FOR TOMOROW - as previously analysed this has started to make
the expected drop. should give us once more drop
before the up trend continues
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