FX:USDCHF   U.S. Dollar/Swiss Franc
6779 32 193
7 months ago
The USDCHF             is on it's way to the top of the trend. It is in a 60 mins consolidation so buying the breakout is a good idea.

Trade with care
Thank you for your support.
7 months ago
Comment: I am still looking at this as a setup to bu if it breaks. Even if it goes lower I don't have a sell setup based on my strategy.
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7 months ago
Comment:
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ananora23 PRO
7 months ago
Sweet set up . thanks!!!
+1 Reply
IvanLabrie PRO
7 months ago
Agreed.
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CherieF PRO
7 months ago
Great setup, thank you!
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Cenotaph PRO
7 months ago
Imo the buying is being quite suppressed by the bears
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maverick23 Cenotaph
7 months ago
not a good idea. up trend still in play. trading the corrections is dangerous.
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Cenotaph PRO maverick23
7 months ago
Actually the blue line I've drawn represents a major support and resistance zone. It's a very common place for price reversal. Secondly, you see the pitchforks drawn? The red lines signify the mean of the trend. There's about an 80% chance of a reversal to the mean (this is just in general mind you, but it adds up for each part of the analysis you do).Thirdly, you see the long wicks at the top, that means price moved significantly down after it was bought earlier. I combine all of this and make the educated guess that price will reverse to the mean. So not a good idea is a matter of perspective. I feel with my analysis it is a good idea, so lets see if the market agrees
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maverick23 Cenotaph
7 months ago
we will see who is on the right side.
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Cenotaph PRO maverick23
7 months ago
If you have analysis to share, go ahead. You shoot my plan down but I'm not hearing anything from your side of the argument.
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maverick23 Cenotaph
7 months ago
i postet my chart below. i have lot of work. but my look is long.
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Koryphaeen PRO Cenotaph
7 months ago
Cenotaph, good luck to you for this short trade of yours, you will for sure need luck for it, since the technicals (other than S/R levels) are showing otherwise, upside preferred. I rather prefer the technicals instead of the luck, but as you said, it's a matter of perspective. Good luck! ;)
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Cenotaph PRO Koryphaeen
7 months ago
I'm not reading any arguments here, I explain my trade setup but all I'm hearing is not it's not true. So how about you reciprocate and share me your perspective to be so fair
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Koryphaeen PRO Cenotaph
7 months ago
I really would like not to enter into a debate here on Anil's post on whether you're right or we're right, it would be called trolling or at least spamming. I am long on this pair based on my technical analysis for a longer period for now and I will keep those position until will see reversal signs, I think that is enough. For this reason I share Anil's point of view over this pair and it's future development until it shows sign of reversal, but that time is not yet come. ;)
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Cenotaph PRO Koryphaeen
7 months ago
Really? You call that trolling? It's sharing idea's about trading and as you know for each trade long there's a short. So here we are, we are each on either side of the coin. That is the essence of trading. One loses the other wins some, I don't care to fight about idea's. I care to know your reasoning such that I can learn and like wise I hope you learn from mine and other people's analysis. That's all there's to it. Good trading!
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Koryphaeen PRO Cenotaph
7 months ago
If your trading strategy (which is at least back tested + a sound money and trade management) allows you to enter short, then feel free to do that. This is the essence of trading, the freedom to chose, you are right about that :) and again, there is a chance that you will be lucky, this time ;)
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PiptomusPrime Cenotaph
7 months ago
Dont worry about them bro, you keep doing you my friend.
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NHTG PRO
7 months ago
Thanks Anil. It certainly looks promising.
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Koryphaeen PRO
7 months ago
Nice setup as always, actually I am already long on this one from around 0.955 level, so I will hold on to it. Thank you!
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FluidicFX PRO
7 months ago
Looking ripe! Thanks Anil!
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maverick23
7 months ago
these is my view on the USDCHF. Cenotaph now it will go to a consolidation maybe little bit down bud for me it is dangarous to sell. i see on the bigger picture and the is up. good luck for your sell. If you want learn more joint to our group. :-D

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Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of a pending breakout.
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king.cholette
7 months ago
im short for 100 pips
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Lindsay PRO
7 months ago
I'm with you on this one. Thanks Anil
+1 Reply
Nice idea!
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ivansem95
7 months ago
it's amazing!!!
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A_Trading PRO
7 months ago
Lovely impulse, well predicted!
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great forecast
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ChadTaljaardt
7 months ago
Damn i missed this one :(
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bdpatel99
7 months ago
Your are legend Anil.
Your way to analysis chart by using EW theory is amazing.
I have learnt a lot from you just by watching your Webinars.
Thanks for helping Tradingview Community.
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Lindsay PRO
7 months ago
Great stuff Anil, from the original suggestion, I got in at 0.9645 while asleep. Just the way you said it would. 'Fast and furious'. Thanks heaps.
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HumphreyNR
7 months ago
Nice breakout we had there, Anil. Thanks for the knowledge you share
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bunah2
7 months ago
Good Job Anil
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adelph
7 months ago
Hello,what is the "reasonable" TP for this trade? Is 0.99 possible? Thanks
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