EURCHF got rejected this week not just at the top of the 2023 Channel Down but also on the MA200 (1d). A candle closing under the MA50 (1d) can be a confirmation for a long term sell opportunity. Trading Plan: 1. Sell after the price closes a (1d) candle under the MA50. Targets: 1. 2.000 (Rising Support). 2. 3.000 (Resistance 2). Tips: 1. The RSI (1d) broke...
Adam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a...
EURCHF - 24h expiry Bespoke support is located at 0.9755. Previous resistance at 0.9755 now becomes support. 0.9750 continues to hold back the bears. We look to buy dips. Daily signals are mildly bullish. We look to Buy at 0.9753 (stop at 0.9729) Our profit targets will be 0.9813 and 0.9823 Resistance: 0.9795 / 0.9815 / 0.9830 Support: 0.9778 / 0.9765 /...
It was a long hold since April. The interest expense daily, added up and the profits weren't as high as I wanted it to. But we kept to our guns and held. And so, target 1 hit at 160.79. Now we can expect the price to consolidate and move into a range before the next run up, but you'll be the first to know.
CHFJPY is trading inside a Channel Up following the March 20th low. The price is now approaching the top of the Channel Up with the 1day RSI on a Double Top inside the overbough zone. That was a sell signal two time inside this pattern. Sell with a max extension at 163.000 and target 158.500. Follow us, like the idea and leave a comment below!!
Price is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance. If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement. Please be advised...
Hey Traders, Check this bearish trade setup out on USDCHF. The trade is ripe already. Say on it!
EURCHF - 24h expiry Bespoke support is located at 0.9755. Previous resistance at 0.9755 now becomes support. 0.9750 continues to hold back the bears. We look to buy dips. Daily signals are mildly bullish. We look to Buy at 0.9754 (stop at 0.9730) Our profit targets will be 0.9814 and 0.9824 Resistance: 0.9780 / 0.9795 / 0.9815 Support: 0.9765 / 0.9750 /...
After price broke structure to the downside with momentum, it preceded to retrace. It formed liquidity the process that it preceded to take, mitigating a previously established supply area in the process. It has currently broken structure to the downside and could potentially retrace one more time to mitigate supply on lower timeframe before further expansion,...
-SL @ 1.2066 🚫 SLO2 @ 1.1850 ⏳ SLO1 @ 1.1600 ⏳ TP4 @ 1.1475 (closing ALL Buy Orders) TP3 @ 1.1033 (shaving 25%) TP2 @ 1.0755 (shaving 25%) TP1 @ 1.0333 (shaving 25%) BLO1 @ 0.9920 ⏳ BLO2 @ 0.9666 ⏳ 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...
this pair is currently trading in an uptrend. with price currently at support, we would be looking out for a confirmation on the 1hr time frame to go long on this pair.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. After rejecting a weekly resistance, USDCHF has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching around the upper trendline. Moreover, the zone 0.904 is a resistance zone. 🏹 So the highlighted purple circle...
USDCHF - 24h expiry Daily signals are bearish. Broken out of the channel formation to the downside. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. The bearish engulfing candle on the 4 hour chart is negative for sentiment. 20 1day EMA is at 0.8993. We look to Sell at 0.8993...
price has been consolidatiing between 0.67288 which is my support zone and 0.68155 which is my resistance zone. a break and close above resistance should see price continue its tragectory upward
Rejected a break on CHFJPY. Entered a sell to target a previous Lower Low. Trading kept simple. Only analysis used, also trading during news.
We're seeing USDCHF test a key resistance level at the 0.8988 level which is a strong overlap resistance + 38% Fibonacci retracement and a 100% Fibonacci projection. On top of that, there's a bearish Ichimoku cloud that is contributing to prices being pushed down. If a reversal occurs from here, we could see it drop towards the 0.8907 level which is the recent...
The EURCHF downtrend remains firmly intact, with the support zone successfully transitioning into a robust resistance area. The price action consistently adheres to the downtrend trendline, and today we observe EURCHF retesting this trendline. This presents a compelling opportunity for sellers to enter the market and anticipate the next downward wave. In the...
hello guyz.we are already in a downtrend,so we can find the reason in smaller time frame for opening the short position in the supply areas like here…