After a good correction, it still holds its downtrend and this could present us with a good R/R trade. be profitable🤑
The uptrend has been broken exactly on August 2 and this last upward trend is considered a good correction towards the continuation of the new (downward) trend. So make the best use of the current entry points😍 🛑143.35 is a suitable number for stop loss; So enter with observance to capital management and risk management.
we have 2 possible scenarios for CHFJPY, drop from 141.500 or drop from 141.720 Wait for comfirmation on a lower time frame if you want to enter here. @ 141.720 you can enter aggressively What do you think about this idea? please comment down-below
EUR is under value right now and need some retracement to the average. Technically, the EURCHF price is in very fair price to buy and is in strong support too.
Strong double top, breakout of key level and canada fundamentals showing signals of losing steam
The USDCHF can be relatively slow-moving compared to other major forex pairs. However, we have seen some significant moves since March this year. In fact, the most recent April monthly candle was the largest bodied candle in almost seven years. Albeit April’s candle moved in the USD’s favour rather than the francs. In April, The USDCHF opened at 0.922 and closed...
Always remember to manage your risk. Note: DXY has rejected nicely from supply zone according to the our prediction, and it could be another confirmation for this trade.
we can see clear strong bullish activity and price has been crossed the POC was as strong resistance level now we expect accumulation setup or retest the support level to be more stronger to reach the daily resistance targets as shown on the chart
• Higher lows so main trend is up • Need to break 0.93750 and 0.94750 to confirm bullish stance • After the two mentioned resistances, pair will head towards parity
Moving averages are clear in the chart! VWMA didn't play resistance role recently, however could help us indicating trend. A strong impulsive wave broke the level and in pullback to it we can enter a short option! You can hold some of your position open to 0.64179
Let me describe USDCHF in one word: “GOLD-Related” Since more than 25% of Switzerland's money is backed by gold reserves, gold has a negative correlation with USD/CHF. When gold goes up ( so CHF does), USD/CHF goes down. When gold goes down, USD/CHF goes up. So, analyze XAUUSD before entering any position in this pair and remember, GOLD price is highly related...
entry @ 1.03659 sl 1.03719 tp 1.03563, 1.03423, 1.03143 R/R = 1.5, 4, 8.5
swissy is trading near critical area again if the above scenario is correct we might see a wave 5 targeting 0.8500 again in the medium term. lets wait for a reversal signal near this triangle resistance.
Hello Traders, Here we have a GBPCHF long trade idea. If you like this idea please show your support! GBP This trade idea is based off the fact that the Pound (GBP) is reaching a weekly low since the end of September 2021. We are expecting some strength as this is approaching a structure level & this will give us a double bottom reversal pattern indicating...
USD/CHF has been in a near-term downtrend since late September, now finding itself on a rising support range from the beginning of this year. A bounce off the trendline could pave the way for a push higher back towards a long-term falling resistance line from April 2019. Still, a bearish Death Cross seems imminent between the 20- and 50-period Simple Moving...
many traders out their when they look into the weekly chart of USDCHF find it attractive since it never bounced in a corrective manner nor impulsive, and i agree long term there is still more room to go up. but short term i still see some pressure from the DXY on this pair and we might target 0.8500 level before turning bullish again!! Good luck!!
USDCHF might aim for S1 monthly support shall the ascending trendline break. For this criteria to meet, we need to see the daily candle pierce both the trendline and D EMA in the process. After this what is required is to assess the RR for this trade, if feasible we can enter a SHORT to target the S1 monthly pivot. The S1 Monthly pivot is also present in the same...
The price seems to fluctuate in the same range. I think it'll be neutral in this week ... let's what will happen ...