CHFUSD trade ideas
UC UpdateThe news from Forex Factory today, assuming positive US economic data and negative Swiss data, strengthens the USD relative to the CHF, pushing the USD/CHF pair higher. Combined with a technical breakout and favorable sentiment, the pair’s direction for the days ahead is likely upward
BUY opportunity on USDCHF M15
Please do not trade as my analysis might be incorrect.
I encourage constructive feedback.
If you did trade, make sure the drawing is respected, don't use exact values as they might differ from a broker to another.
Explanations:
MIN - last minimum point
MAX - last maximum point
BOS - break of structure
SMS - shift in market structure
SL - stop loss
TP - take profit
RR - risk reward
OB - order block
OB (15) - order block (based on M15) timeframe
UPDATE ON USD/CHF TRADEUSD/CHF 1H - As you can see this trade is still playing out very well, price has now broken above the previous highs after testing this area of Demand for the second time.
I am now expecting to continue trading us higher and eventually breaking the last higher timeframe high set in the market, by price doing this its confirming longer term bullishness.
This trade is currently running + 36 pips. (+ 2%) 2RR
A big well done to those who got involved in this trade last week, I went ahead and took a partial late last night for the trade leaving just under half my position left open.
If you have any questions with regards to the trade or the analysis behind the trade then please drop me a message or comment below and I will get back to you as soon as possible!
USDCHF oversold bounce back capped at 0.8862The USD/CHF price action exhibits bearish sentiment, supported by the prevailing downtrend. The current intraday swing high at 0.8860 serves as a critical trading level, as the pair shows potential for an oversold rally before facing bearish rejection.
Key Levels to Watch:
Key Resistance: 0.8860 (current intraday swing high)
Immediate Support: 0.8760
Lower Support Levels: 0.8720, 0.8680
Upside Resistance Levels: 0.8913, 0.8970
Bearish Scenario:
An oversold rally toward the 0.8860 level, followed by a bearish rejection, could validate the downtrend and target the immediate support at 0.8760. Continued bearish momentum could extend the decline to 0.8720 and ultimately 0.8680 over the longer timeframe.
Bullish Scenario:
A confirmed breakout above the 0.8860 resistance level, accompanied by a daily close above this mark, would negate the bearish outlook. This scenario could trigger further rallies toward the next resistance levels at 0.8913 and 0.8970.
Conclusion:
The prevailing sentiment remains bearish amid the ongoing downtrend. Traders should closely monitor the 0.8860 level for potential bearish rejections or a bullish breakout. A sustained close above this resistance could signal a shift toward bullish momentum, while failure to break above would reinforce the bearish outlook.
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USDCHF I am looking for this movement based off of PMI Results. (CHF gaining more strength on the USD)
(red = sell and Blue = buy)
USDCHF Will Go Down From Resistance! Sell!
Please, check our technical outlook for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.882.
Considering the today's price action, probabilities will be high to see a movement to 0.866.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
USD/CHF Ready for 92-Pip Bounce After Double Bottom?USD/CHF has been in a steady downtrend, but recent price action suggests a potential shift. A clear double bottom has formed near the 0.8800 level, hinting at strong buyer interest. The pair is now reacting from the 0.786 Fibonacci zone, and with bullish momentum building, it may target the 1.618 extension around 0.8919—about 92 pips higher. If this breakout sustains, further upside toward 0.8950 and above is possible, but failure to break that level could signal continuation of the broader downtrend. This zone is critical—watch closely.
Usd/chf📉 USDCHF Analysis – Sell Setup in Play! 🚀
🔻 The price was rejected from the 0.88400 - 0.88500 resistance zone and is now moving downward.
📍 The key support at 0.88000 - 0.88100 could be the next short-term target for sellers.
⚠️ If this level breaks, further decline toward 0.87700 is possible. Otherwise, a bullish reversal may occur.
🎯 Strategy: Manage the trade with Trailing Stop and monitor price reaction at the support zone.
#USDCHF #Forex #PriceAction #TechnicalAnalysis #Trading
Trading Setup for CHF/USD – Triple Bottom Breakout Strategy📌 Chart Pattern: Triple Bottom with Trendline Breakout
This CHF/USD chart showcases a triple bottom formation, a bullish reversal pattern that signals a potential uptrend after three consecutive lows at a strong support level. The price action respects this support zone and attempts a trendline breakout, suggesting a shift in momentum from bearish to bullish.
📊 Full Chart Breakdown & Professional Analysis
1️⃣ Key Levels & Structure:
✅ Support Level (1.1300 - 1.1270):
The price has tested this region three times, indicating strong buying interest.
This forms a triple bottom, a reliable reversal pattern in technical analysis.
✅ Resistance Zone (1.1400 - 1.1420):
The price previously reversed from this zone, making it a key short-term resistance level.
✅ Target Level (1.1457):
A breakout above resistance could drive the price toward this measured move target, representing a 1% potential gain.
✅ Stop Loss (1.1269):
Placed below the support zone to minimize risk in case of a breakdown.
2️⃣ Price Action & Trendline Breakout:
📌 Triple Bottom Formation:
Price hits the same support level three times, signaling strong demand.
Each bounce from support indicates a gradual weakening of bearish momentum.
📌 Trendline Breakout:
The price broke a downward-sloping trendline, suggesting a potential bullish move.
A successful retest of the trendline could confirm further upside.
📌 Expected Move:
Scenario 1: Price confirms the breakout, retests, and moves toward resistance.
Scenario 2: If resistance is broken, price targets the next major level at 1.1457.
3️⃣ Trading Strategy – How to Trade This Setup?
🎯 Buy Entry:
Enter long after a confirmed breakout and retest of the trendline.
📉 Stop Loss:
Below 1.1269 (beneath triple bottom support) to limit downside risk.
🎯 Take Profit Targets:
Target 1: 1.1400 (Resistance Area)
Target 2: 1.1457 (Measured Move Projection)
💡 Risk-Reward Ratio:
Favorable risk-reward ratio of 1:3, making it an attractive setup for traders.
4️⃣ Market Psychology Behind This Move:
Bears losing strength: Multiple failed attempts to break support indicate sellers are exhausted.
Bulls gaining momentum: Trendline breakout shows buyers are stepping in with confidence.
Breakout confirmation: If resistance breaks, a strong rally toward 1.1457 is likely.
📌 Summary: Bullish CHF/USD Trade Idea
🔹 Pattern: Triple Bottom + Trendline Breakout
🔹 Entry: Buy on retest confirmation
🔹 Stop Loss: 1.1269
🔹 Target: 1.1400 & 1.1457
🔹 Risk-Reward: Favorable 1:3 setup
🚀 This is a high-probability trade setup with strong technical confirmation, making it a great opportunity for breakout traders! 🚀
USD/CHF H4 | Potential bullish bounceUSD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.8799 which is an overlap support.
Stop loss is at 0.8745 which is a level that lies underneath a multi-swing-low support.
Take profit is at 0.8911 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement.
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5 minute triangleThe price looks to make a bullish move to the upside
WE ONLY TRADE PULLBACKS
So, I've started exploring scalping using the same method of breakout pullback and impulse, let's see how i do this week, ill post every trade
USD/CHF (1H) Analysis – 24-03-2025📊 USD/CHF (1H) Analysis – 24-03-2025
📈 Current Price: 0.88377
🔴 Supply Zone (Resistance): 0.88603 – Awaiting confirmation for potential rejection.
🟢 Demand Zone (Support): 0.87537 – Key area for possible bullish reaction.
📌 Market Outlook:
Price is approaching the 0.88603 supply zone. A rejection here could push the market downward.
Scenario 1: If price rejects 0.88603, expect a drop towards 0.87537 demand zone.
Scenario 2: If price breaks above 0.88603, bullish momentum could continue higher.
⚡ Trade Setup:
🔻 Sell Setup: If rejection at 0.88603
🎯 TP: 0.87537
🛑 SL: Above 0.88700
🔼 Buy Setup: If breakout and retest of 0.88603
🎯 TP: 0.88900+
🛑 SL: Below 0.88400
#USDCHF #ForexAnalysis #SmartMoney #Trading #PriceAction 🚀📊
#USDCHF #ForexAnalysis #SmartMoney #Trading #PriceAction
USDCHFIf the pair is expected to continue moving downwards, it needs first rise towards the weekly FVG. This presents an opportunity to buy the pair before it moves away from the weekly FVG.
USDCHF W pattern in a down channel, bullish Signal ?Target 0.9 USDCHF formed a double bottom W pattern in the down trend channel look to be Bullish and will it break the channel resistance ? if breaks can easily go up to 0.9 again.
