USD/CHF Trade Idea Short

U.S. Dollar/Swiss FrancFXCM

Description

⋅ Sep 21, 2019 9:56 AM

Hello and welcome to my Trade Idea of the currency pair USD/CHF.

Lets start with the Top Down Analysis.

Monthly: The monthly candle 3 months ago breaks the previous lows and that's a bearish indicator.

Weekly: The weekly timeframe is in a nice downtrend.

Daily: We see on daily a pullback to the upside.

H4: We draw on the h4 timeframe the counter trendline and wait for a confirmed breakout.

Have a nice day.

Comments

UnknownUnicorn4870840

⋅ Sep 23, 2019 12:13 PM

GOOD JOB

Bullandbeartrading

⋅ Sep 23, 2019 1:06 PM

@Ali-wave, thank you.

FXMethodology

⋅ Sep 21, 2019 10:18 AM

Agreed , but CHF is struggling to get through this trend line , if it break the trend line it will go short .

Bullandbeartrading

⋅ Sep 22, 2019 12:24 PM

@sobanshah,The trendline is already broken.

Dave-FX-Hunter

⋅ Sep 29, 2019 7:51 PM

Banks added 5K longs and reduced shorts during last week we will might see break higher

Dave-FX-Hunter

⋅ Sep 23, 2019 1:26 PM

Nice analysis Im already in the short too

Dave-FX-Hunter

⋅ Sep 29, 2019 7:50 PM

@DaweFXHunter, Target 1 reached. Im out.