As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase. While it is essential to approach such market movements cautiously,...
Hey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.86500 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86500 support and resistance zone. Trade safe, Joe.
GBPCHF - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. A higher correction is expected. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at...
CADCHF is under a strong bearish pressure. The market broke and closed below a solid, wide horizontal demand zone yesterday. The broken structure turned in a strong resistance. The pair will most likely keep falling lower. Next goal - 0.65 ❤️Please, support my work with like, thank you!❤️
AUDCHF is on the decline after the price got rejected on the 1day MA50 last week. The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%. Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down. Follow us, like the idea and leave a comment below!!
Hey Traders, in today's trading session we are monitoring NZDCHF for a selling opportunity around 0.54600 zone, NZDCHF is trading in a downtrend and currently we are waiting for a correction to see a potential rejection from the trend at 0.54600 resistance area. Trade safe, Joe.
NZDCHF is testing a wide horizontal zone of demand. The price formed a double bottom pattern on that and currently retesting the broken neckline. I think that the pair may bounce from the underlined area. Goals: 0.5473 / 0.5485 ❤️Please, support my work with like, thank you!❤️
A potential sell signal on the CHF/USD currency pair has emerged due to the formation of a double top pattern on a resistance level. This pattern indicates a potential reversal of the previous upward trend and suggests that a downward movement could follow. Traders considering this setup may look for a target price of 1.0996 and set a stop-loss order at 1.1567 to...
-SL @ 1.2540 SLO2 @ 1.2392 SLO1 @ 1.2092 TP3 @ 1.1940 TP2 @ 1.1394 TP1 @ 1.0530 BSO @ 1.0009 BLO @ 0.9690 ADDITIONAL INFO: Shaving 25% from TP1/TP2 Closing ALL Buy Orders @ TP3
Hey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97100 zone, EURCHF was trading in an uptrend and successfully managed to break it out. currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows. Trade safe, Joe.
CHFJPY reached the top of the 1 year Channel Up by exceeding the 2.618 Fibonacci extension and as the 1W technicals turned overbought the last two weeks (RSI = 69.506, MACD = 3.780, ADX = 64.451), it is an indication that we should start selling. During the previous long term correction (September 14th - January 13th) inside this Channel Up, the price had a...
Hey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.59500 zone, AUDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.59500 support and resistance zone. Trade safe. Joe.
CADCHF reached a key daily structure support last week. The price formed a cute doji candle on that. Analyzing the intraday time frames, I spotted an ascending triangle formation on 1H chart. Its neckline was broken, and I bought the pair on a retest. Goals: 0.671 / 0.672 ❤️Please, support my work with like, thank you!❤️
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EURCHF has closed under the 1D MA50 for the second day in a row, turning the 1D time frame marginally bearish on technicals (RSI = 44.850, MACD = 0.000, ADX = 18.356). That is a clear break out sell signal, so we turn short, targeting the S1 (TP = 0.967250). If the price breaks under the S2, we will short again, aiming at a -3.25% total decline (TP =...
(an aggressive trade) SLO @ 0.7733 ⏳ TP4 @ 0.7533 (closing ALL Buy Orders) TP3 @ 0.7295 (shaving 25%) TP2 @ 0.7140 (shaving 25%) TP1 @ 0.6915 (shaving 25%) BSO @ 0.6780 ⏳ (moderate) BLO1 @ 0.6666 ⏳ (aggressive) BLO2 @ 0.6550 ⏳ (conservative
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.14700 zone, GBPCHF is trading in a downwards and currently is in a correction phase in which it is approaching a significant daily resistance zone of 1.14700. Once bears are confirmed i would consider 1.13100 as a target as it's considered the next major support...
VERY AGGRESSIVE POSITION -SL @ 161.66 🚫 SLO2 @ 161.55 ⏳ SLO1 @ 161.44 ⏳ TP3 @ 161.38 (closing ALL Buy Orders) TP2 @ 161.17 (shaving 25%) TP1 @ 161.04 (shaving 25%) BSO @ 160.85 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and...