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Usdchftradeidea

USD/CHF Sees Volatility Amid Mixed Signals from FedThe USD/CHF currency pair has had a tumultuous week, reflecting varying investor sentiment about the Federal Reserve's (Fed) rate policy and contrasting economic indicators. This comes as Cleveland Fed Bank President Loretta Mester endorsed another rate hike, while Philadelphia Fed President Patrick Harker advocated for holding rates steady. Market participants are keeping a keen eye on the upcoming US labor market and ISM Manufacturing PMI data for August, as well as key economic indicators from both the United States and Switzerland. TRADE IDEA DETAILS CURRENCY PAIR: USD/CHF CURRENT TREND: Volatile TRADE SIGNAL: Neutral (Awaiting Confirmation) 👉ENTRY PRICE: 0.8850 (Buy) / 0.8800 (Sell) ✅TAKE PROFIT: 0.8900 (Buy) / 0.8750 (Sell) ❌STOP LOSS: 0.8820 (Buy) / 0.8830 (Sell) ANALYSIS: The USD/CHF is currently fluctuating between 0.8820 and 0.8850. Given the mixed signals from the Fed and upcoming economic data, the market is in a state of uncertainty. Both support and resistance levels are well-defined at the moment. FINAL THOUGHTS: The current volatility and conflicting signals from various market influencers suggest a cautious approach. Consider taking positions only after key economic indicators are released, and make sure to set a tight stop-loss to manage risk.
by RichDadph-FX
Elliot Wave: USDCHF Set Up To Retrace 50% of The DeclineUSDCHF is setting up for a retracement after 250+ pips sell-off from the major high. See related ideas to see how we took advantage of the decline. Price has broken out the decline descending trendline in an impulsive move in wave "a" and about to complete a regular flat in wave "b". Price is expected to head higher from or near the current level, And it will most likely retest the broken ascending trendline that lined up with 50% Fibonacci retracement of the decline.
Long
by Veejahbee
2
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
USDCHF trade IdeaThe yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance level higher up @ 1.00496 Don't bet the farm and never invest what you can't afford to lose. For full details on trade management join me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
USDCHF Trade IdeaWhen checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to buy at will be 0.99336 with SL below the previous swing low @ 0.98576 and Take profit higher up just below resistance @ 1.00496 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
USDCHF trade ideaUSDCHF has been battling to break those highs on the higher time frames so this is an indication that the bulls may be losing control.... Note the following: 1. Trend line broken to the down side 2. Support re tested as resistance and the candle popped a wick to the up side (clue) 3. 50 ema broken... I am shorting at market price @ 1.000281 with TP provisionally at first support @ 0.99890 and SL just above the resistance level @ 1.00580 Don't bet the farm and always exercise healthy risk management
Short
by Cmasterza
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.
by Cmasterza