There is potential long for usdchf if the price is able to break above the upper trend chanel. The requirement would be bullish engulfing candle to ensure the moment is strong to the upside rally. I also mention the potential taking profit area. There are 3 areas.
Manage ur trade mate. Trade well and wisely.
Price is facing bearish pressure and is likely to resist off horizontal overlap resistance which is in line with 61.8% Fibonacci extension. Price will then take support at 0.91631 which coincides with 88.7% Fibonacci retracement, 127.2 Fibonacci extensions as well as horizontal swing low support. Alternatively, the price could break the overlap resistance rise to...
The trendline is holding up with 3 hours of price rejection refusing to break. Initiating long position now with two possible take profit area. Trade Safely!
FX:USDCHF
Buy if price retrace to right shoulder & we can observe a bullish divergence at the right shoulder.
Tight SL will do.
Target @ 1.0000
Trade At Your Own Risk
Hello Traders,
Price is falling correctively and forming reversal channel. We also have divergence on macd. While the price remains in the reversal channel there is short term sell opportunities. Be aware that CHF is getting strong due the risk of a war, so be careful with this pair. I will manage to buy as much low as possible.
Good luck!
Cheers,
Jonas
Hello Traders,
Price is forming some impulses at the bottom, watch for trend continuation pattern and look to buy as much low as you can.
Good luck!
Cheers,
Jonas
On the 4hr tf we can see a bullish butterfly has already formed...the price has tested the lows. Expecting the price to start moving up on Newyork open. If it meets with your trading rules you can go ahead and buy. Cheers.
We are still in very strong bullish mood
So I decided to get up in Long
SL 1.00541
TP 1) 1.01203
TP 2) 2.01500
Open price 1.00700(Pending order) Vol 1.2 Lot
![USDCHF: [USD/CHF] Looking for a good position to buy](https://s3.tradingview.com/g/GaQL88L3_mid.png "[USD/CHF] Looking for a good position to buy")
