USD/CHF..Bearish head & shoulder pattern..Im spotting a bearish Head and Shoulders pattern on USDCHF, and it sounds like a neckline break has occurred, which is your trigger for short entry.
Let's break down the trade setup you're considering:
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🟦 Trade Plan Summary – USDCHF Short
Pattern: Bearish Head and Shoulders
Neckline: Broken
About U.S. Dollar / Swiss Franc
The USDCHF, also known as the “swissie” is the fifth most traded currency in the Forex market. It is considered to be a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.
USD/CHF Setup Breaking Down: Don’t Get Caught Long This TrapUSD/CHF is currently trading at a critical technical and macro-structural juncture. Price is hovering within the weekly support area between 0.8050 and 0.8200, a zone that has historically triggered significant bullish reactions. However, the latest weekly candle closed below the psychological 0.820
USD/CHF 4H Bearish Setup: FVG Rejection & EMA Resistance Strateg🔵 Chart Structure
🔻 Downtrend Identified
* Lower highs & lower lows forming.
* Resistance line sloping down 📉.
🧲 EMA 70 (0.82387)
* Acting as dynamic resistance 🔴.
* Price currently sitting just below it ⬇️.
💠 FVG (Fair Value Gap) — 0.82441 to 0.83097
* Price expected to fill the imbalance here.
USDCHF Analysis Today: Technical and Order Flow Analysis !In this video I will be sharing my USDCHF analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be mov
Could the Swissie bounce from here?The price is reacting off the pivot and could bounce to the 1st resistance, which is a pullback resistance that lines up with the 61.8% Fibonacci projection.
Pivot: 0.8193
1st Support: 0.8047
1st Resistance: 0.8457
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital
UPDATE ON USD/CHF ANALYSISUSD/CHF 30M - Back with an update for you lovely people, as you can see price has traded down and into the Demand Zone I marked out, following the story I created.
For you pre-emptive traders, you may already be in with a pending order, however I am going to wait to see if we can more confirmation
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the USDCHF pair is quoted as 1 USD per x CHF. For example, if the pair is trading at 1.50, it means it takes 1.5 CHF to buy 1 USD.
USDCHF is a major currency pair, i.e. a popular currency paired with USD.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade USDCHF right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.