USDCHF Wave Analysis – 18 February 2025
- USDCHF reversed from the support zone
- Likely to rise to resistance level 0.9150
USDCHF currency pair recently reversed up from the support zone located between the support level 0.8975 (which stopped wave (2) in January), support trendline from December, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from December.
The price formed the daily Japanese candlesticks reversal pattern Piercing Line near this support zone.
Given the strong daily uptrend, USDCHF currency pair can be expected to rise to the next resistance level 0.9150 (which has been reversing the price from January).
CHFUSD trade ideas
USD/CHF THOUGHTSUSD/CHF 30M - As you can see price has recently traded us down and into an order block and has shown good signs of rejection. I now want to see price break structure to the upside to confirm a reversal.
As we know a break to the upside would confirm the end of this bearish leg trading us lower and tell us that price is now ready to start trading us bullish longer term.
Once we have this break in structure I believe we will see price correct itself taking us back down in the market to trade us into another order block, this time to set a new higher low. This is where we can look to take part in this market from.
With bullish structure price sets higher highs and higher lows. One price trades us back down and into the Demand Zone we will want to see another BOS but this time one thats more fractal giving us the confirmation that the correction has finished and the new leg higher is ready.
USD/CHF BEST PLACE TO BUY FROM|LONG
Hello, Friends!
Previous week’s red candle means that for us the USD/CHF pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 0.912.
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USD/CHF: Possible Reversal Pattern🇨🇭🇺🇸USD/CHF: Possible Reversal Pattern🌄
📉 On the 4-hour chart of the USD/CHF pair, we might be seeing a reversal pattern – a triple top. 🧠 On Friday and today during the Asian session, the base of the top at 0.90 was broken. Now, price is trying to test this key support level as resistance. If there’s a bounce and price doesn’t return above 0.90, we expect the triple top pattern to play out, with a gradual decline in the USD/CHF rate, targeting the first support level at 0.89. 🚀
Looking at the 30-minute chart, the price is moving in a parallel channel with a slight upward slope. 📈 We are ready to open a short position if the price breaks the channel down. With low liquidity due to the US holidays, the breakout may happen either today or likely tomorrow when the market returns to normal. 🕒
Longterm swingtrend idea on USD/CHFAs we know USD has been strong for all autumn and winter. Now with Trump in the office and uncertainty in markets we can expect big moves in both directions.
In current moment when writing USD is testing diagonal trendline and it looks like it can break at any moment soon.
Watch and wait for price to show what it wants to do. If it holds line and goes up wait for it to reach latest hights before shorts. But if it breaks wait for pullback towards trendline and sell.
In short term this can deffinitly play out. How far down we can go we don't know. So take out your positions and keep some contracts running with trailing stops.