USDCHF trade ideas
PREPARING FOR SHORT POSITIONSUSD/CHF 4H - As you can see price has just traded up and into the Supply Zone I gave out to you all the other day. Now price has traded in, we want to see price reject well so we can prepare to short.
I will be looking at the corrective wave that traded price up and into this zone for a break in the last protected low thats been set. Once we have that we will have reasonable confirmation to presume the new impulse is ready to be printed.
Once we have that break to the downside its just a case of waiting for price to pullback up to set a lower high, this is where we will be looking to enter in from. We can find areas for price to set a lower high by scouting fractal Supply Zones.
These will act as key areas for price to trade us short from. Its just a case of waiting for price to trade up and into these so we can place our positions with as much confluence as possible.
USD/CHF NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
USDCHF to continue in the downward move?USDCHF - 24h expiry
Broken out of the channel formation to the downside.
Our short term bias remains negative.
Previous support level of 0.8965 broken.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.8987.
We look to Sell at 0.8987 (stop at 0.9012)
Our profit targets will be 0.8915 and 0.8905
Resistance: 0.8974 / 0.9004 / 0.9020
Support: 0.8950 / 0.8930 / 0.8912
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF sideways ahead of US GDP figuresThe USDCHF currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation.
The key trading level is at 0.8946, the previous consolidation price range, and the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 0.8946 level could target the upside resistance at 0.9033 followed by the 0.9050 and 0.9087 levels over the longer timeframe.
Alternatively, a confirmed loss of the 0.8946 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 0.8913 support level followed by 0.8860.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
USDCHF -Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast:
0.89147 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The ascending flag taking shape suggests we will soon see another leg higher.
A trough is formed in daily chart at 0.89115 on 02/25/2025, so more gains to resistance(s) 0.90367, 0.91497, 0.92218 and more heights is expected.
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
#USDCHF 4HUSDCHF (4H Timeframe) Analysis
Market Structure:
The price is currently respecting a channel support, indicating that buyers are holding the price within the upward structure. This suggests that the market may continue its upward movement as long as the support remains intact.
Forecast:
A buy opportunity may arise if the price confirms a bounce from the channel support, signaling potential bullish continuation.
Key Levels to Watch:
- Entry Zone: A buy position can be considered near the channel support after confirmation of bullish price action.
- Risk Management:
- Stop Loss: Placed below the channel support to manage risk.
- Take Profit: Target key resistance levels based on previous price action.
Market Sentiment:
The channel support suggests that buyers are still active in the market. A strong rejection from this level can provide better confirmation for a buy setup.
USD/CHF H4 | Rising into 61.8% Fibonacci resistanceUSD/CHF is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8995 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 0.9040 which is a level that sits above the 78.6% Fibonacci retracement and a pullback resistance.
Take profit is at 0.8918 which is a multi-swing-low support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Potential bullish rise?USD/CHF has reacted of the support level which is a pullback support that is slightly above the 161.8% Fibonacci extension and could rise from this level to our take profit.
Entry: 0.8918
Why we like it:
There is a pullback support level that is slightly above the 161.8% Fibonacci extension.
Stop loss: 0.8881
Why we like it:
There is a pullback support level.
Take profit: 0.9006
Why we like it:
There is a pullback resistance level that lines up with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDCHF Will Fall! Sell!
Here is our detailed technical review for USDCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 0.896.
The above observations make me that the market will inevitably achieve 0.891 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!