PAIR IN FOCUS: USDCHF
Bearish engulfing on Daily charting has sparked interest for a short trade on this pair. As trade war intensifies, the risk-off sentiment may continue strengthening, pushing for further bearish momentum for this pair.
Price may retrace higher to indicated zone which provides a better R:R ratio for this trade.
TP 1, TP 2 and...
AFTER THE GOOD BEARISH IMPULSE IM WAITING FOR A PULLBACK AROUND 0.98000 TO SELL WITH A GOOD CANDLESTICK PATRON
DESPUES DEL IMPULSO BAJISTA AL FINALIZAR ESTA SEMANA DE USD CHF, ESPERO UN RETROCESO AL REDEDOR DEL PRECIO 0.98000 PARA VENDER SIEMPRE CON PATRON DE VELAS
ALWAYS WAIT FOR CANDLESTICK CONFIRMATION AND USE RISK RATIO 1:3
SIEMPRE ESPEREN CONFIRMACIONES DE...
4H CHART EXPLANATION:
On this timeframe, we observe that price has bounced at the Top of the Wedge Pattern formed on the upside move and then broke it downwards with a strong bearish candle. In the short term we expect price to reach the Support Zone at 0.9700. In case this zone is broke, then there the next zones are explained on the Daily chart below.
Hello all DuncanForex here with another trade idea
With USDCHF heading higher, at the 61.8% retrace area, it has just printed an engulfing bearish candle.
I am now expecting price to head lower for a 6 to 1 Win vs Risk trade.
WIth USD continuing to receive dovish tones from important individuals, I am expecting this to head lower fairly fast.
One to hold over...
I make a trade today on this pair. USD have fundamental source to getting stronger, crossing MA gives the signal to BUY and the double bottom confirm the forecast. And the Long move give me carryprofit too.
potential head and shoulders pattern formation on USDCHF.
Our plan is to wait until a formation of a right shoulder
and sell the retest of broken neckline.
However, attention! here the neckline is very wide and you need to let bear go through it.
the you can set your sell limit.
T1 - 0.9740
T2 - 0.9705
Forex Trading & Wave Analysis is all what we do here at “We Trade WAVES” TradingView profile.
We are looking for a down move on USDCHF, if you know how to trade that down move, go for it.
So if you like our IDEAS, give us a thumbs up, and leave a comment.
Our Weekly FOREX Forecast is published every single week on YouTube to help you be on the right side of...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
there is a very high chance to see a drop on GBPCHF after the market has reached
significant supply zone.
be focused on 1.865 structure support,
if bears break below that,
there will be a high chance to see bearish continuation to lower structure levels.
I'm going short with this pair.
Trading Foreign Exchange Currency Pairs and Contracts For Difference on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This...
USDCHF reversed at yearly pivot with RSI divergence. This seems to be impulsive move - rally (Elliott wave cycle), days are gonna built up like bricks (you can easily trail stop). In matter of 7 trading days, we might be at middle yearly pivot (MR1). It might be heading all the way to yearly R1. I reversed (with small loss) my short position from last night into long.